Important Headlines
📰 Major Shopping Mall in Medellin Undergoing $88.4 Million Expansion
The largest mall in the northwest portion of Medellin, Colombia is expanding. The expansion will cost $88.4 million, and deliver 500 additional shops and 908,500 ft² (i.e., 84,400 m²) of build area. The expansion will be anchored by free and paid entertainment facilities, not a traditional anchor. Observers expect expansion of malls in Colombia to be the theme now after a decade long explosion of new retail developments.
📰 Commercial Real Estate Legend Sam Zell Dies at 81
Sam Zell changed the face of real estate, research his achievements if you aren’t already familiar. He was a supporter of Latin America’s REIT ecosystem and made investments in Colombia, Mexico and Brazil.
📰 Mexico’s President Seizes Railway Section from Private Conglomerate
In a move to unite more of the country by rail the Mexican marines seized a railway portion owned by a Mexican billionaire who is on the verge of purchasing Citigroup’s Mexican retail banking operations. In March, the Mexican President seized a seaport owned by an Alabama company, Vulcan Materials.
📰 Africa’s Largest Mezzanine Investor Exits Smart City Investment
Vantage Capital announced an exit of its investment in Cap Tamarin, a smart city development in Mauritius. It has previously raised $1.4 billion across seven mezzanine and renewable energy debt funds and has made 57 investments in Africa.
📰 Elon Musk Decries Remote Work as “Morally Wrong”
He must be a subscriber to Emerging Real Estate? You knew two weeks ago: fourth and sixth newsletters. 💪
📰 Mexico Residential Real Estate Market Analysis
(Subscriber Spotlight) A subscriber to this newsletter has offered to have a discussion for with anyone interested to learn more about the residential opportunity in Mexico. His name is Alfredo Gutierrez and his company is Albaola Capital. He’s raising a fund to take advantage of the opportunity and is near to closing his first round with two prominent Mexican family offices involved. (This is not an advertisement, nor is there any financial incentive involved for Emerging Real Estate. Only connecting subscribers to learn from each other. Take advantage!)
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💡 Lithium Can Play a Role in Integrating the Americas
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