Chilean retail chain Falabella and the background Visum Capital announced Wednesday that they will build in Colombia the largest retail distribution center in the country with an investment of 500,000 million pesos (134.3 million dollars).
The construction of the 85,000 square meter complex, which will be located near Bogotawill start in May and will start operations at the beginning of 2024.
“We decided to bet on this great logistics infrastructure project (…), we hope to process more than 350,000 items per day and in this way take the retail sector to the next level,” he said Rodrigo FajardoPresident of Falabella Retail Colombia.
In January, Falabella projected investments for 711 million dollars this year to strengthen its unified sales platform for the different items it sells in Peru and Colombiaas well as to expand payment processing systems and digital banking.
“We are pleased to have Falabella as a strategic ally, the development of this milestone in the market encourages us to continue working on the consolidation of our specialized and expert real estate investment portfolio in the industrial and logistics segment,” he said. Philip EncinalesPresident of Visum Capitalowned by BTG Pactual and the investment bank Inverlink.
Falabella, based in Santiago, has operations in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay.