CORPORATE PRESENTATION - Pei · 2021. 4. 1. · Jairo Alberto Corrales 1 workers 2 workers 3...

SEPTEMBER 2020

CORPORATE PRESENTATION

Investment Highlights

Assets

Business Snapshot

Table of contents

Colombian Real Estate Market

Vehicle structure and corporate governance

BUSINESS

SNAPSHOT

ONE PLAZA – MEDELLÍN

1

43%

25%

18%

11%3%

52%

12%

11%

5%4%

16%

Pei at a glance

Diversification by asset type

Diversification by city

1.76USD Bn

AUM1

11,231,717

ft²

GLA2

146Properties

30 92%Average occupancy

rate

6.3Years

Average lease

term

1,192Tenants

1,844Contracts under

lease

92%Tenants retention

rate

1.29USD Bn

Program´s

authorized amount

i-AAAApril-2020

BRC S&P

4,507Equity investors

0.57USD MM

ADTV YTD3

IPC+0.9%Portfolio appraisal 6

IPC+8%Profitability 4

4.9%Average dividend

Yield 5

431,422

Securities

outstanding

1.19USD Bn

Equity value

1 Assets under management2 Gross Leasable Area3 ADTV= Average Daily Trading Volume4 Calculated for periods greater than 5 years5 Calculated as the average of the last 3 years of the paid dividend yield6 Calculated as the average of the last 5 years* Spot figures converted using a spot FX rate of 3,879

Cities in Colombia

REAL ESTATE PORTFOLIO SECURITY OUTSTANDING- TEIS

4

Essential

establishments

Others

Logistics and

industrial

Retail

Office

Medellín

Tenjo

Barranquilla

Cali

Bogotá

Otros

%Income LTM

*LTM ( Last Twelve Months)

¨YTD (Year to day)

7.4

4.2

7.8

6.2

%Income LTM

VEHICLE STRUCTURE

AND CORPORATE

GOVERNANCE

ONE PLAZA – MEDELLÍN

2

Strong corporate governance6

*Appointed by the investor's assembly on 09/29/2020

CREDITSBAN K S BON D S

i-AA+3Bondholder’s legal

representative

Ordinary bonds

i-AAA2

Equity

Securities

PLAC EMENT AGEN T

INVESTOR

Pension Funds

Other Legal Entities

Retail Investors

Insurance Companies

Other Institutional EntitiesSELLERS

TENANTS

REAL ESTATE

Revenues derived by the

economic use of properties

Real state assets trade

ASSET MANAGER

LEGAL ADVISOR

G-aaa1

ADVISORY COMMITTEE

Independent

members

Investor’s legal

representative*Asset Manager

TRUST AGENT

R EGU LATORY EN TITIES

1. Portfolio Management Efficiency Qualification 2. Participative Securities Qualification 3. Credit Securities Qualification

Advisory Committee

INDEPENDENT MEMBERS

INVESTOR’S LEGAL REPRESENTATIVE*

MEMBERS OF THE REAL ESTATE MANAGER

SOL BEATRÍZ ARANGO

Production Engineer from Eafit University and specialist in Finance. She is thecurrent President of Servicios Nutresa S.A.S., Vicepresident for Sustainable

Development of Grupo Nutresa, and General Director of Fundación Nutresa.She is a member of Protección S.A. and Crystal S.A.’s Boards of Directors,

among others.

JULIO MANUEL AYERBE

Economist from Universidad de Los Andes. He was president of OrganizationCorona S.A., is currently a partner at law firm Ayerbe Abogados, and a member

of the Boards of Directors of Organización Corona S.A., Corona Industrial S.A.S., Homecenter de Colombia S.A., and Banco Colpatria & Mercantil

Colpatria.

MARÍA VICTORIA RIAÑO

Business Administrator, graduated from the Javeriana University. He hasan MBA from the Universidad de los Andes. He currently participates in

the Boards of Directors of the Bolívar Group, the Juanfe Foundation and30% Club, an initiative that ensures gender diversity in the Boards of

Directors. He was part of other boards such as Invercolsa, the ColombianPetroleum Association, Colgas and Terpel Antioquia.

ROBERTO HOLGUÍN

Economist from Georgetown University, specialist in Finance. Member of the Board of Directors of Banco Davivienda,

Constructora Bolívar, Grupo Energía de Bogotá GEB, Vicepresident

of the Board of Universidad Jorge Tadeo Lozano and member ofGrupo Bolívar’s investment committee.

CARLOS ANGULO LADISH

As a partner of Inversiones y Estrategias Coporativas he has participated in transactions thatsurpass 1.5 Billion dollars. Advising various companies in the Andes region in mergers and

acquisitions, as well as the search for new strategic partnerships. He was part of thefounding team of Terranum group, a real estate holding company, and today is a member of

Pei’s Advisory Committee. He worked for 8 years at Goldman, Sachs & Co. in New York.

JAIRO ALBERTO CORRALES

President of PEI Asset Management (formerly Terranum Inversión) since 2009.He structured the acquisition of over 500,000 m2 in different real estate

categories such as commercial, corporate, logistics, and specialized uses. Hewas involved, among others, in the structuring of Isagen Corporate

Headquarters in Medellín, Plaza Central Shopping Center, and Atrio Tower.

ANA MARÍA BERNAL RUEDA

Ana María has been involved in several financial sector transactions and with theprivate equity fund industry. Her experience focuses on financial and corporate law.

She worked at the Financial Superintendency of Colombia, served as In-house LegalCounsel for Holcim, and lawyer in the Capital Markets, Banking & Finance, and M&A

areas of law firms Philippi, Prietocarrizosa, Ferrero DU & Uría and Dentons Cárdenas& Cárdenas.

CARLOS FRADIQUE-MÉNDEZ

Partner of Brigard Urrutia, with over 25 years of experience advising anumber of companies on Capital Markets, Banking and Finance,

Foreign Investments, Derivatives and Structured Products, as well as inCustoms and Foreign Trade, and Taxes..

7

*Appointed by the investor's assembly on 09/29/2020

8

ELEMENTO- BOGOTÁ

I N V E S T M E N T

H I G H L I G H T S

3

Expert and professional team

9

Audit Comittee

Number of workers

90

Chief Financial Officer

Andrés Felipe Ruiz

4 directors

14 workers

4 directors

8 workers2 workers

Dirección de

Gestión Humana

4 workers

5 directors

28 workers

Chief Executive Officer

Jairo Alberto Corrales

1 workers 2 workers3 directors

5 workers

EXPERIENCE

- More than 50 years of experience in the real-state and

investment sector.

- Strong track records identifying and executing investments.

- Wide experience in the effective portfolio management with

retail, logistics, office and specialized assets.

- Pei Asset Management team is completely committed to the Pei

management.

- The Administrator and members team compensation depend of the

portfolio growth, performance, budgetary implementation,

diversification and occupancy rate, among others.

INTEREST ARRANGEMENT

Internal auditing

Manager/

Compliance officer

Investor Relationship

Manager

Jimena Maya

Investment

Manager

Luisa Gonzalez

Sales Manager

Alejandro Alzate

New Business and

Strategy Manager

Maria Alejandra Cardozo

Asset

Management

Manager

Iván Darío Parra

Legal and Corporative

Issues Manager

Ana María Bernal

ACCESS DATA

- The experience, brokers real state relationship and

the extensive network of strategic relations, allows to

get more opportunities in the asset acquisition and

potential tenants.

693

582

304

52 126

Cash and others assets

Others

Logistcs and industrial

Office

Retail

75 130 209 218 250 265

338 437 479

742 842

967 9821,043

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

1. GAV: Gross Asset Value2. GLA: Gross Leasable Area3. Includes 2 education assets and 2 medical assets

4. Include cash, investments, accounts receivable, PP&E, and prepaid expenses

5 . Spot figures converted using a spot FX rate of 3,879

Portfolio

Portfolio GAV1 evolution (2007 – 2020 YTD)

Portfolio GLA2 evolution (2007 – 2020 YTD)

GAV (USD MM) USD 1.76 Bn (5)

GLA (ft2)

Office

Retail

Logistic and industrial

Others (3)

USD 1.76 Bn (5)

Thousands m2

Cash and Other Assets(4)Logistic and industrialOffice Retail Other Real Estate Assets(3)

COP thousands of millions

10

Logistic and industrialOffice Retail Other Real Estate Assets(3)

(3)

(4)

11,231,717 ft²

268 323 534 590 817 947 1,280 1,598 1,998

3,597

4,585 5,435

6,277 6,810

3,017,222

3,563,417

4,258,691

392,387

11,231,717 ft²

Equity investors

262 285531

556569

763976

1,2151,547

2,151

3,504 3,646

4,630 4,629

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

24 31297 416 386 537

763

1,179

1,6471,854

3,317

3,475

4,4534,507

0

700

1,400

2,100

2,800

3,500

4,200

4,900

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

Investor composition (by total invested amount)As of Sep 30, 2020

Investor base breakdown (by number of investors)As of Sep 30, 2020

Number of investors2007-2020 YTD

Equity2007-2020 YTD

1. All figures converted using spot COP/USD FX rate of 3,8792. Corresponds to following pension fund portfolios: Porvenir (5), Protección (6), Colfondos (5), Skandia (7) and voluntary pensiones of Alianza (1), Allianz(1) , Fidudavivienda (1) and BTG Pactual (1)3. Títulos Estrategias Inmobiliarias: Pei security listed in colombian stock exchange – BVC

#

Pension

Funds2

Other

Institutional EntitiesRetail

Investors

Other Legal

Entities

Insurance

Companies

431,422

TEIS (3)

4,507Investors

8 9 30 798 3,662

COP thousands of millions

USD 1.19 Bn

Pension Funds

Insurance Companies

Other Legal Entities

Other Institutional Entities

Retail Investors

11

64.16%12.91%

11.10%

10.17%1.66%

Estrategias Inmobiliarias Equity Securities- TEIS

I TRAMO

IT-07

II TRAMO

IVT-07

III TRAMO

IVT-09

IV TRAMO

IT-12

V TRAMO

IIIT-13

VI TRAMO

IVT-14

VII TRAMO

IVT-15

VIII TRAMO

IVT-16

IX TRAMO

IIT-17

X TRAMO

IVT-17

XI TRAMO

IIT-19

First lap Second lap

100%93%

7%

94%

6%

88%

12%

96%

4%

89%

11%

87%

13%

127,557 MM 204,863 MM 155,129 MM 178,995 MM 207,537 MM107,605 MM 251,866 MM

77%

23%

436,666 MM

603,367 MM

96%

4%

626,872 MM

66%

34%

816,617 MM

76%

23%

Equity Securities

Fungible

Indefinite outlook

99 extendable years

Quarterly distributable Cash Flow

Preemptive rights

1 Bid to cover

Bid to cover11.7x1.5x11.9x2.2x269.5x260.4x95.9x91.7x43.6x11.9x4.5x

12

Among the most traded securities in the colombian stock exchange

3

6

9

12

NAV (COP)

Increasing returns across time(1)

Offerings (2007 – 2020)

COP MM

5.00 5.45

6.15

7.16 7.84 7.97

8.66 8.96 9.40

9.97 10.50

13.2% 12.4% 11.9% 11.4% 11.1% 11.1% 10.5% 9.3% 8.3% 8.5% 8.3%

0%

10%

20%

30%

40%

0

3

6

9

12

I(Feb-07)

II(Nov-07)

III(Oct-09)

IV(Mar-12)

V(Jul-13)

VI(Sep-14)

VII(Dec-15)

VIII(Sep-16)

IX(Jun-17)

X(Dec-17)

XI(Jun-19)

Subscription Price Returns

%

Growing liquidity ADTV and number of trades

0.1 0.20.4 0.4 0.3 0.5

0.7 1.11.5

2.3

4.9

3.23.4

1.420 50 317545 537

764

1,221

1,832

2,5622,165

3,834

3,226 3,291

2,196

-

700

1,400

2,100

2,800

3,500

4,200

0.0

1.5

3.0

4.5

6.0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sep-20YTD

# Transactions ADTV in COP MM

Pei available to

retail investor

TEIS price in secondary market vs. Nav(3)

%

80.0%

83.7%

90.0%

78%

88%

98%

108%

118%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

Minimum Average Maximum NAV

TEIS reference price performance(3)

COP MM

COP 10.7 MM

1. Returns calculated estimating IRR for each offering since inception and using TEI’s reference price as of Sep 20-20202. All figures converted using a COP/USD rate of 3,8793. Reference price reflects NAV adjusted for property revaluation and accumulated performance* NAV= Net Asset Value

TEIS have typically

traded at a premium

to reference NAV

USD 2,766(2)

USD 0.57 MM(2)

5%

% of Traded Days LTM

Pei available to

retail investors

Pei available to

retail investor

9% 20% 47% 51% 63% 74% 78% 92% 93% 96% 97% 97%USD 2,707(2)

COP thousands

of millions COP MM

93%

13

Market Price has dropped since mar-2020 as a covid effect for PEI and other real estate comparable securities.

¨YTD (Year to day)

Profitability

58% 61%

42% 39%

5 years LTM

Cash Flow Valorization

Profitability

1 Values refers to the year end

14

Pei is a long-term income vehicle, permanently incorporating new assets; therefore, it is important to analyze its profitability for stabilized periods (5 years

onwards), as such periods reap the stabilization benefits of the properties’ operation.

2014 2015 2016 2017 2018 mar-19 jun-19 sep-19 dec-19 mar-20 jun-20 sep-20

Since beginning 5 years LTM YTD

1 1 1 1

17%

11%

9%

5%

7%

15%

13%

1


¨YTD (Year to day)

15

Financial performance indicators

11%

0%

5%

27%

19%21% 21%

19%23%

21%

31%

24%

30%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

Loan to value (%)(2008-2020)

Limit 40%

Debt / equity (%)(2008 – 2020)

13%

0%

6%

39%

23%27% 27% 25%

39%

28%

46%

33%

46%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 sep-20

1.6x

0.0x0.7x

4.4x

2.9x

3.8x 3.5x 3.6x

6.1x

4.4x

6.8x

4.9x

7.0x

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sep-20 LTM

Debt / EBITDA (Times)(2008-2020)

*LTM = Last Twelve Months

SEGUROS DEL ESTADO- BOGOTÁ

ASSETS

4

Office assets

REPRESENTATIVE ASSETS

# PropertiesCities

24Bogotá

5Medellín

2Cali

3Otros

Medellín

160,554 ft2Bogotá

179,068 ft2Bogotá

227,215 ft2

34 43% 27%PROPERTIES INCOMES GROSS LEASABLE AREA

47.8USD MM

Incomes LTM 2

3,017,222 Ft2

GLA 1

7.45 yearsAverage lease

term

Bogotá

374,627 ft2

Medellín

63,023 ft2

Cali

60,181 ft2

Otras

34,993 ft2

Bogotá

137,100 ft2

17

*September 20201 Gross Leseable Area2 Last Twelve Months

Retail assets

83 36% 32%

43.0GLA 1

4.19 years38Bogotá

9Medellín

4Cali

32Otros

Cali

164,081 ft2Montería

142,571 ft2Bogotá

822,226 ft2

Belén

50,192 ft2Bogotá

19,074 ft2Otras

166,302 ft2

Varios

225,288 ft2

18

PROPERTIES INCOMES GROSS LEASABLE AREA

Average lease

term



# PropertiesCities

USD MM

Incomes LTM 2

3,563,417 Ft2

Cúcuta

175,584 ft2

Logistics and industrial assets

25 18% 38%

22.4GLA 1

7.84 years5Bogotá

2Medellín

1Cali

17Otros

Varios

333,197 ft2Bogotá

21,140 ft2Cali

168,207 ft2Tenjo

691,538 ft2Barranquilla

120,803 ft2

Barranquilla

487,563 ft2

19


Average lease

term



# PropertiesCities

USD MM

Incomes LTM 2

4,258,691 Ft2

Others assets

4 3% 3%

3.3GLA 1

6.16 years1Bogotá

1Medellín

2Cali

Medellín

170,317 ft2 Cali- Tequendama

38,233 ft2

Bogotá

155,926 ft2 Cali- Ciudad jardin

27,911 ft2

20




# PropertiesCities

Average lease

termUSD MM

Incomes LTM 2

392,387 Ft2

53%

12%

11%

5%4%

15%

Medellín

Tenjo

Barranquilla

Cali

Bogotá

Others

By city(2)

38%

27%

32%

3%

By Gross Leasable Area (GLA)

21

43%

25%

18%

11%3%

%Income LTM

21%

14%

7%6%4%4%4%

4%3%

3%

31%

Banks

Retail (food)

Servicios (general)

Retail (non-food)

Logístic

Massive consumption

Oil and gas production

Restaurants

Diversified industry

Airlines

Others


Best-in-class real estate assets

PORTFOLIO GUIDELINES

INCLUDE SPECIFIC LIMITS ON

CONCENTRATION WHERE

DIVERSIFICATION IS A CORE

COMPONENT OF THE

STRATEGY

• Revenue per tenant is limited

at 20% of total revenue

• Revenue by asset class

maximum of 40%

• Exposure by asset class

cannot be exceed of 70% of

revenues

• Concentration per city, on a

revenue basis, cannot

exceed:

By asset type(1)

Essential

establishments

Others

Logistics and

industrial

Retail

Office

Others

Logistics and

industrial

Retail

Office

85%Btá

50%Med.

30%Others

50%Cali

Limit Limit 70%

By economic sector(2)

%Income LTM

%Income LTM

%GLA

3.9

2.5

1.61.41.4

7.40.8

0.50.5

0.10.10.1

0.54.2

3.5

0.60.50.4

27.2

6.1

3.3

3.0

2.62.4

25.2

Office

Best-in-class tenants22

Diversified Tenant profile (% Total income LTM)

High quality tenants… Robust lease term profile (as of Sep 30, 2020)

Others

OthersRetail

Others

Logistic and industrial

Others1Others

Grupo Crystal

Colsanitas Medicina

Prepagada

Colsanitas

Ciudad Jardín

EPS Sanitas

*LTM ( Last Twelve Months)1. Investment grade either in local or global basis. Some tenants are not rated2. Historic retention rate is calculated by dividing total number of contracts renewed by total number of contracted to be renewed at any given date

Some of our premium – long term tenants(1)

8.9%Average physical

vacancy 2020

10.3%Average economic

vacancy 2020

1. Includes 1% of Éxito stake and 0.1% of Davivienda stake in the logistic and industrial category.

Logistic and industrialOffice Retail Other Real Estate Assets(

4%13%

9% 11%5%

58%

4Q-2020 2021 2022 2023 2024 2025-2068

10.4%

0.6%4.6%

4.2%

3.3%

3.0%

2.6%

71.5%

Others

%Income LTM

%Total income

LTM

%Total income

LTM

%Total income

LTM

%Total income

LTM

Developing Assets1

Office

Specialized

Retail

Medellín

21,316 m2

COP 171,278 MM

82%

Bogotá

57,916m2

COP 315,000MM

56%

Logistics

Ibagué

13,163 m2

COP 28,402 MM

100%

Medellín

14,316 m2

COP 42,269 MM

26.42%

Baru

187 keys

120,120MM

60%

1 Property Assets in building process or to build and/or Trust Rights which underlying assets were Property Assets in building process or to build.

23

CEDI

HOTEL

STAGE IV

COLOMBIAN

REAL ESTATE

MARKET

TORRE SURA & TORRE BOLIVAR - BOGOTÁ

24

5

Real estate market evolution in Colombia25

Bogotá Medellín

188 207 207 207 207 207 228 228

2,521 2,726 2,772 2,773 2,797 2,826 2,880 2,880

3.5% 3.7%1.7%

4.7% 5.2%3.1%

11.5%14.4%

12.1% 11.1% 9.6% 9.1% 8.3% 8.7%

7.4% 7.5%

-4 0.0 %

-3 0.0 %

-2 0.0 %

-1 0.0 %

0.0 %

10 .0%

20 .0%

2017 2018 2019-IQ 2019-IIQ 2019-III Q 2019-IVQ 2020-QI 2020-QII

35 35 35 35 36 36 36 36

657 703 703 712 712 730 742 742

23.0%

0.5% 0.5% 0.5% 0.5% 0.5% 0.0% 0.0%

11.0%9.1%

7.1% 8.3% 9.2% 9.5%7.0% 6.6%

-4 0.0 %

-3 0.0 %

-2 0.0 %

-1 0.0 %

0.0 %

10 .0%

20 .0%

90 90 90 90 90 90 107 107

1,531 1,632 1,632 1,743 1,743 1,810 1,810 1,810

14.0% 17.2% 17.2% 17.2% 13.4% 10.0% 8.2% 8.7%

12.4% 7.3% 7.3%7.3% 5.9%

7.1% 5.8% 6.5%

-1 00. 0%

-8 0.0 %

-6 0.0 %

-4 0.0 %

-2 0.0 %

0.0 %

20 .0%

56 62 62 62 62 62 62 62

706880 892 892 892 942 942 942

0.7% 0.6% 0.9% 0.7% 1.0% 0.9% 1.0%

6.20%3.3% 4.5% 4.4% 4.1% 4.0% 3.6% 3.0%

3.0%

-4 0.0 %

-3 5.0 %

-3 0.0 %

-2 5.0 %

-2 0.0 %

-1 5.0 %

-1 0.0 %

-5 .0%

0.0 %

5.0 %

10 .0%


33 33 33 33 33 3333 33

697 705 709 709 757 813 813 813


175 175 175 175 175 176 176 176

3,743 3,828 3,842 3,842 3,861 3,943 3,948 3,969

2.8% 3.8% 3.8% 2.6%

10.2% 9.9% 10.0% 10.0%

17.9% 17.7% 17.4% 17.6% 16.5% 15.4% 14.8% 16.6%

-5 0.0 %

-4 0.0 %

-3 0.0 %

-2 0.0 %

-1 0.0 %

0.0 %

10 .0%

20 .0%


0%16% 16% 16%

49%

0% 0% 0%20%8.5% 7.0% 7.0% 11.1%

10.1%13.5% 13.3%

Source: Colliers- Values in thousands of m2

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

OFFICE

LOGISTIC AND

INDUSTRIAL

RETAIL

Market InventoryPei Inventory Pei Vacancy Market Vacancy

Real estate market evolution in Colombia26

31 62 62 62 68 68 68 68

362362 362 362 362 362 362 362

4.3% 4.5% 5.6% 5.6% 5.6% 5.6% 4.9%8.0%

10.1% 11.2% 11.3% 11.7% 11.8% 12.6% 12.3% 12.3%

-4 0.0 %

-3 0.0 %

-2 0.0 %

-1 0.0 %

0.0 %

10 .0%

20 .0%

Barranquilla Cali

225 225 233 233 236 236 236 236

17.1%

29.2% 29.1%25.1% 24.0% 25.7% 25.0% 23.9%

-4 0%

-3 0%

-2 0%

-1 0%

0%

10 %

20 %

30 %

40 %

1 120 20 20 20 20 19

315 339 339 339 339393 393 393

6 6 6 6 6 6 6 6

150 156 156 157 157 156 164 164

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

6.5%11.0% 9.3% 9.9% 9.9% 11.2% 9.1% 8.8%

-8 0%

-2 0%


0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

7.0% 10.0% 9.9% 8.3% 12.0% 10.5% 11.7% 11.7%

0.0% 0.3% 0.3% 0.1% 0.4% 0.0% 0.9% 3.6%

5.5% 5.8% 5.7% 5.7% 5.4% 5.2% 5.0% 5.2%

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

Market InventoryPei Inventory Pei Vacancy Market Vacancy

OFFICE

LOGISTIC AND

INDUSTRIAL

RETAIL

4 53 53 53 53 53 53 57

1,156 1,184 1,190 1,190 1,201 1,227 1,235 1,235

76 96 96 96 96 96 96 96

507 511 511 511 511 511 511 511

0.0% 0.0% 0.0% 0.0%

9.7% 10.0% 9.7% 9.7%11.0%

5.0% 5.8% 5.2%

4.7% 4.8% 5.3% 6.7%

-8 0%

-7 0%

-6 0%

-5 0%

-4 0%

-3 0%

-2 0%

-1 0%

0%

10 %

20 %

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

2017 2018 2019-1T 2019-2T 2019-3T 2019-4T 2020-1T 2020-2T

Source: Colliers- Values in thousands of m2

WWW.PEI.COM.CO

JIMENA MAYA

Investor Relationship Manager

Tel. (+ 571) 744 8999 Ext. 4202- 4270

[email protected]

mailto:[email protected]

CORPORATE PRESENTATION - Pei · 2021. 4. 1. · Jairo Alberto Corrales 1 workers 2 workers 3...

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