Corfac News

01 102014

IVI Chairman Luis Correa (L) with President Eduardo LaraCORFAC International is pleased to welcome Instrumentos & Valores Inmobiliarios/CORFAC International (IVI) as its newest affiliate in Bogotá, Colombia. IVI provides commercial real estate services throughout Colombia, as well as Costa Rica, Puerto Rico and the Dominican Republic. The brokers and partners have more than 30 years of experience in real estate services.

IVI is a one-stop shop for those interested in participating in the real estate market in Colombia or abroad. Their knowledge of local and international regulation and their experience in development, sales and promotion make them one of the most solid and reliable guides in their markets. IVI has a wide range of clients from Real Estate Investment Trusts to corporations and high-net-worth individuals. They have developed hotels and multifamily projects and have participated in the sale of special-purpose real estate such as hospitals and industrial plants.

Build-to-suit (BTS) developments are becoming increasingly popular in Colombia as the economy continues to grow year after year and a broader, consumer-based economy emerges. This economic growth drives demand for more manufacturing, production, warehouse and distribution facilities in the marketplace. Not surprisingly, nearly half of the current real estate activity is in and around the capital, Bogota, reports IVI President Eduardo Lara.

IVI services include sale and lease transactions, construction, financing, legal services, marketing, appraisals, property management and trusts. IVI is ready and able to assist their CORFAC colleagues and their clients in Colombia and the region.

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.