Shopping center developer and operator Parque Arauco S.A. agreed to acquire Grupo Bancolombia's remaining 45 percent equity interest in Inversions Inmobiliarias Arauco Alameda S.A.S., a Colombian-based real estate adviser and management company. The $75 million purchase price includes an additional 24.75 percent ownership in Parque Arboleda, a shopping center in Colombia. Read More »
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