A.CRE at Real Estate Exhibition Bogotá 2024
Within the framework of the Real Estate Exhibition Bogotá 2024, my A.CRE colleague, Arturo Parada, and I, Emilio Tovar, had the privilege of participating in one of the most outstanding events in the Colombian real estate market. During our visit, we not only gained insights into the Latin American market but also connected with leading construction companies in Colombia.
This meeting allowed us to explore new opportunities for collaboration and deepen our understanding of the trends and needs of the Colombian market. In this article, we share the highlights of our engagement and the valuable experiences we gained from interacting with industry leaders.
Over the past two years, we have attended some of the key commercial real estate events in Colombia. To learn more about these experiences and the insights we’ve shared, we invite you to explore our previous blog posts:
- CRE AT SMART CITY EXPO BOGOTA 2023
- CRE at the Smart City Expo Bogotá 2024
- Obstacles and Opportunities in the Colombian Real Estate Market
The Role of Construction Companies in the Colombian Real Estate Market
Construction companies play a fundamental role in the Colombian real estate market, being a key driver for the country’s economy. Its impact extends from job creation to significant contribution to GDP, representing approximately 5.3% in 2023 and with growth expectations for the coming years.
In addition, these companies are closely linked to fiduciaries institutions, which play a crucial role in financing real estate projects through investment funds. These funds allow investors, both local and foreign, to participate in the development of real estate assets, mainly attracting pension funds and private equity as limited partners. This type of investment not only promotes urban development, but also contributes to the fulfillment of the Sustainable Development Goals (SDGs) in Colombia.
A.CRE at the Real Estate Exhibition Bogotá: Meet Key Companies and Projects Transforming the Country
After attending the Real Estate Exhibition Bogotá 2024, we did not want to miss the opportunity to present a comprehensive vision of the Colombian real estate market, highlighting the main construction companies that are leading projects throughout the country.
Through this detailed list, you will learn about the projects and companies featured at the Real Estate Exhibition Bogotá 2024, showcasing the urban future of Colombia. This is an essential resource for those looking to invest in or collaborate in an ever-growing and transforming market.
Top Companies Leading the Industry
From Bogotá to Barranquilla, companies like Constructora Bolívar, Amarilo, and Conconcreto dominate the market. These firms are recognized for their impactful projects that range from residential complexes to mixed-use developments and infrastructure.
Noteworthy Projects Highlighted at the Real Estate Exhibition Bogotá
Colombia’s urban areas are home to some of the most ambitious construction projects. For example, Amarilo has spearheaded projects such as master-planned communities in Cundinamarca, while Márquez y Fajardo focuses on mixed-use developments like Zonata Apartments in Armenia. Coastal cities like Barranquilla are witnessing transformations with projects like Venice Constructora’s Vetta Tower, a mixed-use development blending commercial and residential spaces.
For the complete list of the main construction companies and projects across the country you can refer to this list: COLOMBIAN MAIN CONSTRUCTION COMPANIES
Regional Construction Hubs
- Bogotá and Cundinamarca: As the economic and political capital, Bogotá houses a majority of construction companies like Apiros, Constructora Bolívar, and Constructora Capital, driving large-scale urban projects.
- The Caribbean Coast: Barranquilla and Cartagena are hotspots for mixed-use and tourism-oriented projects, with companies such as Araujo y Segovia and Constructora Jiménez at the forefront.
- The Coffee Region: Armenia and Pereira are emerging as hubs for sustainable and innovative housing, led by companies like Urbansa and Cúpula S.A..
- Tolima and Valle del Cauca: With a focus on blending urban and natural elements, companies like DYCO and Constructora Casa Verde lead developments in Ibagué and Cali.
To explore more about the construction companies, their ongoing projects, and the key players shaping Colombia’s landscape, check out our detailed document: Colombian Main Construction Companies.
Conclusion
The Colombian construction industry plays a pivotal role in the nation’s economic and urban development, as highlighted during the Real Estate Exhibition Bogotá 2024. With major players like Amarilo, Conconcreto, and Constructora Bolívar leading transformative projects, the sector continues to redefine urban and rural landscapes. Key regions such as Bogotá, Barranquilla, and Medellín remain hubs of activity, with a strong focus on residential, commercial, and mixed-use developments.
Despite the usual hurdles that can affect economies in development, challenges such as inflation, high material costs, and elevated interest rates persist, the construction sector is poised for long-term growth, with output expected to reach COP 104.42 trillion (26.25 billion USD) by 2028. These developments underline the critical role of construction in shaping Colombia’s future, fostering economic progress, and improving the quality of life for its citizens. Continuing collaboration between private and public sectors will be essential in maintaining this trajectory, ensuring the industry’s sustainable and impactful evolution.
