Terranum Capital

What Terranum Capital does

Terranum is a Colombian real estate investment, development, and management company specializing in Class-A office, logistics, and industrial properties. Founded in 2007 by Alfredo Rizo (former JPMorgan, Latin American Financial Institutions group), the company has developed over 500,000 m² of real estate across six core projects: Connecta 26, Connecta 80, Cortezza Bogotá, Cortezza Las Palmas (Medellín), ZOL Funza, and Exennta. The company is strategically backed by Grupo Santo Domingo (through Valorem, which holds a 98%+ stake in its Colombia portfolio) and Cadillac Fairview, the real estate arm of the Ontario Teachers' Pension Plan (which reported $249.8B in net assets as of June 2023), providing significant institutional capital and long-term financial stability.

Terranum's operational technology stack includes a Building Management System (BMS) for real-time equipment management and automation across facilities, an Energy Management System for consumption pattern analysis, and integrated sustainable mobility infrastructure (20 EV charging stations, 69 electric scooter charging points, 2,796 bike parking spaces, and electric bicycle loan programs with app integration). The portfolio carries 12 LEED certifications — Connecta 26 holds the most LEED certifications in Colombia — plus Fitwel certifications (Connecta 80 in 2023, Connecta 26 in 2024), LEED Gold for Cortezza Las Palmas, and a Platino OIM (Icontec) certification for operation and maintenance. Sustainability metrics include 95 tonnes of CO₂ avoided annually through solar panel installations with Celsia, 50% water savings and 27% energy savings versus traditional construction, and a free trade zone designation at Exennta providing tax and customs benefits for logistics tenants.

Revenue is generated through four primary streams: (1) recurring annual subscriptions for office space rental (flexible offices from 239 m²), (2) recurring commercial/retail rental including gastronomic spaces under the Selvva sub-brand (35-90 m²), (3) recurring logistics and industrial space rental in free trade zone and logistics projects, and (4) built-to-suit development projects on a one-time license basis. The Terranum+ service platform provides recurring integrated facility management (cleaning, maintenance, waste management, reception, etc.) to tenant companies. Pricing is quote-based and not publicly disclosed. Customer segments span service, commerce, and retail companies, logistics and industrial operators, and growing retail/gastronomic brands. Distribution is through a direct enterprise commercial team with dedicated Bogotá and Medellín representatives, a broker zone portal for partner referrals, and project-specific websites for each development.

Name

Terranum Capital

Legal name

Terranum

Website

https://terranum.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Terranum is a Colombian real estate developer and operator specializing in Class-A office, logistics, and industrial properties. The company develops, leases, and manages sustainable commercial real estate for corporate tenants across Bogotá and Medellín.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Leasing

NAICS

Nonresidential Property Managers (531312), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial real estate development
• Industrial logistics properties
• Office space leasing
• Built-to-suit projects
• Facility management services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Office Space Rental: Rental of office spaces in commercial buildings such as Connecta 26, Connecta 80, and Cortezza Las Palmas. Spaces are offered as flexible offices starting from 239 m², with amenities and community services included.
2. Commercial/Retail Space Rental: Rental of commercial spaces including gastronomic areas (Selvva in Cortezza Las Palmas) and retail units. Commercial spaces available from 35-90 m² targeting brands and culinary businesses.
3. Logistics and Industrial Space Rental: Rental of specialized logistics and industrial spaces in projects like Exennta (free trade zone) and ZOL Funza. These spaces are designed for efficient logistics operations with flexible configurations.
4. Built-to-Suit Development: Custom development projects tailored to specific client needs, providing end-to-end services from structuring and promotion to turnkey delivery.
5. Terranum+ Facility Management: Integrated operational services for tenant companies including cleaning, maintenance, waste management, reception, and other facility services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Terranum Capital develops, leases, and manages office, commercial, logistics, and industrial real estate projects across Colombia, delivering built-to-suit and flexible rental spaces (Connecta 26, Connecta 80, Cortezza Las Palmas, Cortezza Bogotá, ZOL Funza, Exennta) for corporate tenants. The company also provides integrated facility management through its Terranum+ service platform, covering cleaning, maintenance, waste management, reception, and other operational services for tenants.

Product overview

Terranum Capital operates a portfolio of real estate development projects across Colombia, comprising office/commercial properties (Connecta 26, Connecta 80, Cortezza Las Palmas, Cortezza Bogotá) and logistics/industrial properties (ZOL Funza, Exennta). The core offering consists of build-to-suit and flexible office/commercial spaces with sustainability certifications, complemented by Terranum+, an integrated facilities management service for operational optimization. Selvva is a gastronomic sub-brand within Cortezza Las Palmas.

Differentiator

Problem solved

Functional benefit

Brands

• Connecta 26: Primer ecosistema empresarial de Colombia - office and commerce project in Bogotá
• Connecta 80
• Cortezza Las Palmas
• Selvva
• Exennta
• ZOL Funza
• Terranum+

Products and services

• Connecta 26 Office and commercial project in Bogotá designed as a service, commerce, and retail ecosystem, offering certified sustainable office space for corporate tenants focused on employee well-being, productivity, and ESG alignment. Holds the most LEED certifications in Colombia and Fitwel 2024 and OIM Platino certifications.
• Connecta 80 Office and commercial project in Bogotá fusing sustainability and technology, offering spaces for service, commerce, and retail companies; recipient of Fitwel 2023 certification for workplace health and wellness standards.
• Cortezza Las Palmas Office and commercial project in Medellín at Km 4 Vía Las Palmas offering flexible offices from 239 m² and gastronomic/retail spaces (Selvva), with LEED GOLD certification; combines natural tranquility with urban-style corporate access (18-minute tunnel to José María Córdova airport).
• Cortezza Bogotá Office and commercial project in Bogotá providing office and commercial rental spaces designed to offer clients the best of both worlds — corporate infrastructure with mixed-use amenity.
• ZOL Funza Industrial project in a Free Trade Zone with multiple warehouses adaptable to size and type of operation, providing tax and customs benefits for logistics and industrial tenants.
• Exennta Industrial and logistics project located in a free trade zone with tax and customs benefits, designed to increase operational efficiency of logistics operations with infrastructure adapted to client needs.
• Terranum+ Integrated facility management service optimizing tenant experience within Terranum's corporate spaces through cleaning, maintenance, waste management, reception services, glass supply, RCI and industrial door maintenance, hydraulic services, and locksmithing.
• Built-to-Suit Development Custom real estate development projects tailored to specific client needs, providing end-to-end services from structuring and promotion to turnkey delivery of office, logistics, and industrial space.

Quantifiable outcome

• 50% reduction in water usage compared to traditional construction
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CelsiacoreStrategic or Co-development PartnerPartnership for solar panel installations across properties, contributing to 95 tonnes of CO₂ reduction annually and demonstrating commitment to renewable energy and sustainability goals.
• Secretaría de CulturaminorStrategic or Co-development PartnerCollaboration with government entity for wellness initiatives including suicide prevention talks and cultural programs promoting employee well-being at Connecta 26.
• CC Nuestro BogotáminorStrategic or Co-development PartnerParticipation in community strengthening tables addressing sector security, public lighting, and citizen coexistence alongside private and public entities.
• CarvajalminorStrategic or Co-development PartnerParticipation in community tables with neighbors addressing security and coexistence issues in the business district.
• Parque Empresarial El DoradominorStrategic or Co-development PartnerCollaborative participation in sector-level community initiatives addressing shared challenges.
• Alcaldía Local de BogotáminorStrategic or Co-development PartnerGovernment partnership for community strengthening and public space improvement initiatives at Connecta 26.

Scale indicators11 records

Recent moves1 record

Expansion highlights6 records

Broad incumbents

• Prologis: Global leader in logistics real estate with significant LATAM presence (including Mexico and Brazil). Sets the benchmark for industrial build-to-suit scale, sustainability standards (LEED), and tenant relationships that Terranum competes against regionally.
• Brookfield Property Group: Global owner, developer, and manager of office, retail, and logistics assets. Comparable to Terranum as a large-scale, institutionally backed diversified real estate platform with ESG-led development approach.
• Grupo Argos (via Pactia / Compensar): Major Colombian conglomerate with significant real estate exposure through Pactia and other vehicles. Comparable as a Colombian institutional real estate developer/operator with deep local market presence competing for similar corporate and logistics tenants.

Regional players

• Parque Arauco: Chilean-based operator and developer of retail and office assets across Chile, Peru, and Colombia. Comparable as a LatAm commercial real estate operator with overlapping Colombian exposure and similar institutional positioning.
• Plaza Logistik (BR Properties / LOG Commercial Properties): Brazilian logistics and industrial real estate developer with a focus on income-producing warehouses. Comparable to Terranum's industrial/logistics segment in business model, though operating exclusively in Brazil.

Direct peers

• Vesta: Mexican industrial REIT/developer specializing in logistics and light-industrial facilities. Closest LatAm peer to Terranum's Exennta and ZOL Funza industrial build-to-suit business model and target tenant base.
• Fibra Uno: Largest Mexican diversified REIT with industrial, office, and retail assets. Comparable diversified LatAm real estate investment platform competing for institutional capital and corporate tenants across the region.
• Patrimonio Estrategias Inmobiliarias (PEI): Colombian diversified REIT with exposure to commercial, office, industrial and logistics assets. Closest Colombian listed peer to Terranum's mixed office/industrial development and leasing model.
• Fibra Macquarie (formerly Terrafina): Mexican industrial REIT focused on logistics and manufacturing warehousing. Comparable to Terranum's industrial/logistics portfolio in scale, asset type, and built-to-suit capability, though operating in Mexico rather than Colombia.
• Cimenta SAS: Colombian real estate investment trust focused on industrial and logistics properties. Directly comparable to Terranum's ZOL Funza and Exennta industrial/logistics segment operating in the same Colombian market with similar tenant types.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookes-la.facebook.com/Terranvm
• LinkedInlinkedin.com/company/terranum
• Instagraminstagram.com/terranvm
• Xx.com/terranuma

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terranum Capital