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Falabella and Visum Capital will build a $ 500 billion distribution center

Falabella and Visum Capital will build a $ 500 billion distribution center

Chilean retail chain Falabella and fund Visum Capital announced on Wednesday that they will build the largest retail distribution center in the country in Colombia with an investment of $ 500 billion (US $ 134.3 million).

Construction of the 85,000-square-meter complex, located near Bogotá, will begin in May and operations will begin in early 2024.

“We have decided to bet on this fantastic logistics infrastructure project (…), we hope to process more than 350,000 items per day and thus take the retail sector to the next level,” he said. said Rodrigo Fajardo, president of Falabella Retail Colombia.

falabella In January, it projected investments of US $ 711 million this year to strengthen its unified sales platform for the various goods it sells in Peru and Colombia, as well as to expand the digital payment processing and banking systems .

“We are delighted to have Falabella as our strategic alliance, the development of this market milestone encourages us to continue working on consolidating our portfolio of specialized real estate investment and experts in the industry and logistics segment,” said Felipe Encinales, president. of Visum Capital, which is owned by BTG Pactual and the investment bank Inverlink.

Falabella, based in Santiago, Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay has operations.

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