Fondo Inmobiliario Colombia

What Fondo Inmobiliario Colombia does

Fondo Inmobiliario Colombia (FIC) is a Colombian Private Capital Fund (Fondo de Capital Privado) established in 2008 with approximately 17 years of operating history. The fund is administered by Fiduciaria Bancolombia S.A., a regulated fiduciary supervised by the Superintendencia Financiera de Colombia, and is professionally managed by Patria Asset Management S.A., the alternative-investments arm of Patria Investments (which reports over US$ 43 billion in pro forma global AUM). FIC acquires, develops, leases, and sells real estate assets across Colombia, with a portfolio comprising 128 properties totaling 761,504 m² of leasable area across 27 municipalities at a 96% occupancy rate (figures as of November 2025).

The fund's product surface is built around four core services: (1) Retroarriendo (sale and leaseback), in which FIC purchases a property from the seller who then becomes a long-term tenant, freeing the seller's capital; (2) Desarrollos a la Medida / Build-to-Suit (BTS), in which FIC sources land, designs, and constructs tailored properties for an anchor tenant's specifications; (3) Activos en Venta, the sale of stabilized commercial, office, and industrial assets; and (4) Compra de Activos, the acquisition of stabilized or development-potential assets for the rental portfolio. The portfolio spans office towers (FIC 48 in Medellín, Central Point Torre D in Bogotá), logistics parks (Zonna Siberia in Cota, 262,563 m²), shopping centers within the Viva Malls sub-brand (including LEED Platinum-certified Viva Envigado), mixed-use master-planned districts (Distrito Vera), and residential developments (Selecto in El Poblado, Medellín). A defining cross-portfolio feature is sustainability certification: the fund holds one LEED Platinum, multiple LEED Gold and Silver certifications across office, retail, and logistics assets, has secured LEED for Cities and Communities pre-certification for Distrito Vera, and is a 2012 signatory to the UN Principles for Responsible Investment.

FIC's revenue model is principally long-term rental income from the diversified portfolio (~9.6% nominal investor profitability reported for 2023), supplemented by proceeds from periodic asset sales, BTS development fees, and sale-leaseback premiums. The customer base is concentrated in anchor enterprise tenants across retail (Éxito/Grupo Éxito in multiple cities, Homecenter, Alkosto), financial services (SURA Asset Management, Bancolombia), and logistics/CE operadores. Distribution is achieved through direct enterprise field sales, inside sales via website contact forms, and channel partnerships with international commercial real estate firms (JLL, Colliers, Logan) plus regional intermediaries (Confuturo Propiedad Raíz) and development collaborators (Vértice Ingeniería, AIA, Colpatria Constructora). The fund is private, non-listed, and the operating geography is exclusively domestic Colombia.

Name

Fondo Inmobiliario Colombia

Legal name

PATRIA ASSET MANAGEMENT S.A.

Website

https://fondoinmobiliariocolombia.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Fondo Inmobiliario Colombia is a Colombian private real estate capital fund that acquires, develops, leases, and sells commercial, industrial, office, retail, and mixed-use properties nationwide. Administered by Fiduciaria Bancolombia and managed by Patria Asset Management, it serves enterprise tenants through sale-leaseback, build-to-suit, and asset-sale transactions across 27 municipalities.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Commercial real estate investment
• Sale and leaseback services
• Build to suit development
• Private capital real estate fund
• Corporate property leasing

Headquarters

HQ city

Medellín

HQ country

Colombia

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Rental Income: Long-term rental of commercial, industrial, office, and retail properties. The fund generates recurring rental income from a portfolio of stabilized and newly developed properties across Colombia.
2. Property Sales: Sale of real estate assets from the portfolio, including developed properties, stabilized assets, and parcels with development potential.
3. Capital Appreciation: Returns generated through the appreciation of real estate assets over time, combined with rental income, providing total returns to investors.
4. Build-to-Suit (BTS) Development Fees: Custom development services for clients requiring specialized properties, generating development fees and long-term rental relationships.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Fondo Inmobiliario Colombia is a Private Capital Fund that acquires, develops, leases, and sells commercial, industrial, office, and retail real estate across Colombia. Its core offerings are: (1) Retroarriendo/Sale and Leaseback, where the fund buys a property and becomes the long-term landlord of the seller; (2) Desarrollos a la Medida/Build-to-Suit, where the fund develops a custom property to a tenant's specifications; (3) Activos en Venta, the sale of stabilized assets; and (4) Compra de Activos, the acquisition of properties for portfolio inclusion. The fund manages 128 properties totaling 761,504 m² across 27 Colombian municipalities.

Product overview

Fondo Inmobiliario Colombia (FIC) is a Private Capital Fund administered by Fiduciaria Bancolombia, offering a diversified portfolio of real estate investment services. The core offerings include: (1) Retroarriendo/Sale and Leaseback - where the fund purchases property from a seller who then becomes the long-term tenant; (2) Desarrollos a la Medida (Build to Suit) - custom development of properties based on tenant specifications; (3) Activos en Venta - stabilized commercial and industrial assets available for purchase; and (4) Compra de Activos - acquisition of properties with rental or development potential. The portfolio includes residential projects like Selecto, office buildings such as FIC 48 and Central Point, logistics parks like Zonna Siberia, and mixed-use developments like Distrito Vera. Many projects carry LEED sustainability certifications at various levels (Gold, Platinum).

Differentiator

Problem solved

Functional benefit

Products and services

• Retroarriendo (Sale and Leaseback) A real estate financial service in which the fund purchases a property from a future tenant, who then becomes a long-term lessee, freeing up capital for the seller to reinvest in core business activities.
• Desarrollos a la Medida (Build to Suit) Custom real estate development service in which the fund participates in land search and construction according to a future tenant's specifications, delivered either for rental (portfolio assets) or for sale.
• Activos en Venta Sale of stabilized assets with strategic locations and characteristics designed to enhance business operations, including commercial spaces, offices, and industrial properties.
• Compra de Activos Acquisition of real estate assets, including stabilized properties with existing leases and vacant properties with development potential, for inclusion in the fund's portfolio.
• Selecto A mixed-use development project in El Poblado, Medellín, featuring housing, commerce, services, and a large green park; includes two residential towers with 60,000 m² total area, pursuing EDGE certification.
• FIC 48 A 22-level business center in Ciudad del Río, Medellín, featuring two opposing towers, private office areas, auditorium, terrace, meeting rooms, common areas, cafeteria, and parking; LEED Gold certified.
• Zonna Siberia A 262,563 m² logistics park strategically located in Cota near Bogotá, featuring communal facilities, meeting rooms, 24-hour security, driver services building, training rooms, cafeterias, truck waiting areas, and coworking spaces.
• Distrito Vera A modern micro-city project in Ciudad del Río, Medellín, featuring pedestrian boulevards, community integration, and nature-focused design; LEED for Cities and Communities precertified.
• Central Point Torre D A corporate nucleus on Bogotá's El Dorado avenue featuring sustainable office and commercial spaces from 100 m² to 3,332 m², with LEED Gold certification pending; includes 8 elevators, 8.26m lobby height, and biophilic design.
• CEDI (Centros de Distribución) Distribution center development projects built to client specifications, featuring loading docks, maneuvering areas, and administrative offices. Examples include CEDI Bucaramanga, CEDI Koba (D1) in Girardota, and CEDI Ibagué with 17,291 m² available.

Quantifiable outcome

• 96% occupancy rate across portfolio
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered key and supporting.

• Vértice Ingeniería y ConstrucciónkeyStrategic or Co-development PartnerVértice Ingeniería y Construcción leads the construction of Selecto project in Medellín. The firm is responsible for project execution, foundation work, and overall construction management ensuring quality and timely delivery.
• Confuturo Propiedad RaízkeyChannel Partner/ Reseller/ DistributorConfuturo Propiedad Raíz handles commercialization and sales of Selecto project units. As a real estate agency, they manage property sales and marketing activities for the development.
• AIA (Arquitectos, Ingenieros y Asociados)keyStrategic or Co-development PartnerAIA is responsible for architectural design of Selecto project. The firm, led by Gabriel Jaime Arango Villegas ex-director of design, provides innovative and sustainable architectural concepts aligned with the project's vision.
• Colpatria ConstructorakeyStrategic or Co-development PartnerColpatria Constructora is a development partner for Distrito Vera project in Medellín, contributing to construction and development activities.
• Ménsula IngenierossupportingStrategic or Co-development PartnerEngineering firm participating in the Distrito Vera project development, providing structural and civil engineering expertise.
• AE+V ArquitectossupportingStrategic or Co-development PartnerArchitectural firm contributing design services to the Distrito Vera project in Medellín.
• OpussupportingStrategic or Co-development PartnerProject development partner for Distrito Vera contributing to the overall project execution and management.
• JLL (Jones Lang LaSalle)supportingChannel Partner/ Reseller/ DistributorInternational commercial real estate services firm listed among strategic allies, providing property management and brokerage services.
• Colliers InternationalsupportingChannel Partner/ Reseller/ DistributorGlobal commercial real estate services and investment firm listed as strategic ally for property services.
• LogansupportingChannel Partner/ Reseller/ DistributorReal estate services firm listed among strategic allies for brokerage and property services.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Fibra Uno: Largest Mexican REIT with a diversified industrial, retail, and office portfolio. Directly comparable business model of acquiring, developing, and operating income-producing real estate for institutional investors, similar to FIC's diversified Colombian portfolio.
• LOG Commercial Properties: Brazilian REIT focused on logistics and industrial warehouses. Direct regional peer operating in a similar LatAm institutional real estate model, with comparable exposure to e-commerce-driven industrial demand.
• Fibra Macquarie: Mexican REIT focused on industrial and retail properties managed by Macquarie. Closely comparable LatAm institutional real estate vehicle with similar BTS, sale-leaseback, and stabilized asset strategy as Fondo Inmobiliario Colombia.
• Fibra Terrafina: Mexican industrial-focused REIT with logistics and manufacturing real estate. Highly comparable to FIC's industrial/logistics segment including the Zonna Siberia logistics park and CEDI distribution centers.

Others

• Colliers International: Global CRE services and investment firm listed as a strategic ally of FIC. Adjacent role in property services and tenant representation rather than direct investment competition.
• Patria Investments: Parent holding of Patria Asset Management (FIC's professional manager). Not a competing peer, but the adjacent LatAm alternative-asset platform that operates and supports FIC and its institutional capital relationships.
• CBRE: Largest global CRE services firm operating broadly in Colombian markets. Provides brokerage and advisory services that complement but do not compete with FIC's principal investment model.
• JLL (Jones Lang LaSalle): Global CRE services firm listed as a strategic ally of FIC providing brokerage and property management support. Functions as an ecosystem enabler rather than a competitor.

Broad incumbents

• BTG Pactual: Major Brazilian investment platform with real estate fund management practice across LatAm. Functions as a broad incumbent in the regional institutional real estate space with similar BTS, development, and sale-leaseback capabilities to FIC.

Regional players

• IRSA Propiedades Comerciales: Argentine commercial real estate company with shopping centers, offices, and premium retail. Comparable in retail/office asset strategy and tenant profile, but operates primarily in Argentina rather than Colombia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCTBag37Y7aYS4r4OyaOvmpA
• Facebookfacebook.com/fondoinmobiliariocolombia
• LinkedInlinkedin.com/company/fondo-inmobiliario-colombia-fic
• Instagraminstagram.com/fondoinmobiliariocolombia

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Fondo Inmobiliario Colombia