Posse Herrera Ruiz acted as legal counsel to Fondo de Inversión Colectiva Inmobiliario Visum Rentas Inmobiliarias (Visum) in the negotiation and closing of a loan agreement, dated as of June 29, 2022, by means of which the International Finance Corporation made a first disbursement for an amount equivalent to COP 120,000,000,000,000.
Visum, the fifth largest Real Estate Investment Trust in Colombia, is the first company in Latin America to partner with IFC under the Green Pathways for Real Estate Institutional Portfolios initiative (GRIP), an effort designed to support major real estate asset owners and tenants to define and implement decarbonization and net-zero strategies, laying out clear interim targets under a “4P framework” (Pledge, Plan, Proceed, and Publish).
The loan and collaboration under GRIP seek to help Visum move closer to its goal of becoming the first green REIT in Colombia, refinancing Visum non-strategic indebtedness, financing future investment plan, and contributing to the financing of an 85,000 m2 distribution center being developed by Visum in Cundinamarca province.
- Value: 120.000.000.000 COP
- Announcement date: June 29, 2022
- Closing date: December 23, 2022
Legal Advisors
Counsel to Fondo de Inversión Inmobiliario Visum Rentas Inmobiliarias
Inhouse Counsel
| Leading | Angela López |
Posse Herrera Ruiz
| Leading Partner and Other Partners involved | Gabriel Sánchez |
| Other Lawyers | Catalina Posada and Lucero Gómez |
Corporación Financiera Internacional
Inhouse Counsel
| Leading | Paola Morales |
Gómez Pinzón
| Leading Partner and Other Partners involved | Daniel Londoño |
| Other Lawyers | Catalina Prieto and Santiago Ariza |
