Private Equity Firm TC Latin America Partners acquired Peru-based office complex Centro Empresarial Juan de Arona (CEJA). The amount of the transaction was undisclosed.
(Leaders League) Latin American real estate-focused private equity firm TC Latin America Partners has acquired 100% of the shares of Centro Empresarial Juan de Arona (CEJA), an office complex located in Lima.
CEJA is a complex of three corporate buildings, with around 202,000 square feet of rental space and an occupation ratio of 91.3%, located at the San Isidro area of the Peruvian capital.
UNE Asesores Financieros led by partners Ian Fry and Eduardo Peláez acted as the sole advisor to CEJA.
“This deal was closed in a very complex environment and represents a huge opportunity for TC Latam,” Ian Fry, founding partner of Une Asesores Financieros, said.
“This transaction is one of the most relevant in the corporate office market in recent years, which is particularly important considering the current scenario,” partner Eduardo Peláez added.
TC Latam, whose portfolio extends to residential, commercial, industrial and mixed-use real estate, as well as land development, expects that the increasing urban population and economic growth in Latin America will contribute to the development of the region’s real estate sector. The private equity firm has offices in New York, Bogotá, Lima and Mexico City.