Paladin Realty launches second Colombian venture
Paladin Realty Partners has launched PALVAL Homebuilding Platform, a Bogotá, Colombia–based joint venture. Its partner is Colombia-based real estate development company Grupo Inmobiliario y Constructor Valor S.A. This is Paladin’s second investment in Colombia within the past year.
The PALVAL Homebuilding Platform Development Platform will build and sell middle-income residential projects located in high-density urban settings in high-demand areas, with a primary focus on Bogotá.
“With Colombia’s strong economy and emerging middle class, there has been a groundswell of demand for the type of housing the PALVAL platform will be developing," says Pablo Sala, a senior vice president at Paladin Realty Partners.
Paladin has invested $15 million of equity in th