Actualcorp is the new and largest housing development real estate platform that has emerged in the Andean region, after the merger of Actual Inmobiliaria, Acierto Inmobiliario and the international investment fund AshmoreAVENIDA. According to information from the new group, it is expected to have sales close to $ 400 million dollars, in addition to 60 potential housing projects in Santiago, Lima, Medellín and Bogotá.

Which will allow you to access a market of about 100 million inhabitants. The business plan indicates that in 5 years, 50% of the operations will be concentrated in Colombia, while the other 50% will be in Chile and Peru.

The association specifies the formation of two independent vehicles that will complement each other in the development of businesses:

Actualcorp: Parent company of development and project management companies in Chile, Peru and Colombia. It will operate under the Actual and Acierto brands, in the housing for sale and multifamily segments. It will be controlled by current shareholders of Actual and will be based in Chile with subsidiaries in Peru and Colombia.
AshmoreAVENIDA Development Platform: Investment fund based in Ontario, Canada, with an initial capital of 100 million dollars (in co-investments) whose exclusive purpose will be to invest with capital in the projects developed by Actualcorp through its local subsidiaries, in jointly with other partners and investment funds. This fund will be managed by a management company controlled by AshmoreAVENIDA and will have subsidiaries in Chile, Colombia and Peru.
Both entities will join previously to the opening of Actuacorp in the Santiago de Chile Stock Exchange.

“This association will allow us to consolidate the internationalization strategy designed years ago. Actual and Acierto's operations allow optimal geographic diversification, since Acierto is a very powerful brand in Medellín, both companies have complementary operations in Bogotá, and Actual has a strong presence in Santiago and Lima. This platform aimed at managing projects will be strengthened with the financial support of AshmoreAVENIDA, which will provide us with its network of investors, its financial capacity and experience in the business to continue growing in the Andean region ”, expressed about the association, the partner and CEO of Actualcorp , Rodrigo Lyon.

It is worth mentioning that until now Actual was a real estate company founded in 1998 in Santiago de Chile, which expanded its operations to Peru and Colombia in 2012; and had specialized in the management of housing projects for sale and multifamily with integrated corporate services. Developing more than 80 projects aimed at middle segments in urban areas.

On the other hand, Acierto Inmobiliario, a leading Colombian company in the management and development of projects for medium-sized segments, has specialized in mixed-use projects with a strong brand and prestige. It has developed more than 40 projects and built more than 900 thousand m2 in its 22 years of experience.

Lastly, AshmoreAVENIDA has solid financial backing and a long history and presence in real estate investments in Latin America through different financial vehicles. Based in Bogotá, Colombia, it is a subsidiary of the English investment fund Ashmore Group plc, a specialist in emerging markets with assets under management of $ 83.6 billion (as of June 2020).



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