Are you looking for the next land of opportunity? Does talk of massive government debt, bankruptcies, foreclosures and unemployment have you singing the blues? Escapeartist is about to provide you with an insider tip to the next ‘in’ location. We are talking about a location where all the smart money is moving to, a country vast with resources, a beautiful culture and probably the most attractive women on planet earth. (It’s true) –
Names like Sam Zell (Billionaire) and Carlos Slim (Billionaire) and many others are investing in Colombia right now. Why are they investing? Why are tourism rates in Colombia skyrocketing? Why is the Colombian stock market returning double digit returns? Why is Colombia leading the Latin American rim in attracting foreign direct investment?
Escapeartist has the insider scoop on Colombia and we are going global with it! – We were on the front lines of Costa Rica, Belize, Dominican Republic, Argentina and NOW Colombia!
Escapeartist has partnered with Investment Group Colombia to provide our readers with authoritative articles that are written by Escapeartist readers who actually live the Colombia Escapeartist Dream right now. Escapeartist over the next few months will be providing special coverage of Colombia and we will be getting the truth from the ‘frontline’ early adopters, the market mavens, pioneers of the international Colombia lifestyle!
Our intention is to create a tsunami of awareness for Colombia over the next year and you are getting the very first newsletter that we have published on Colombia – Nothing like being at the right place at the right time… right before 15 million people learn about this beautiful country – Colombia is Passion!
Please enjoy the first of three Special Edition Colombia Ezine – This month we covered Bogota, in March we will cover Medellin and in April we will feature the romantic ciudad of Cartagena.
Now, go on and get your insider tip and learn more about Real Estate in Bogota
At Investment Group Colombia (IGC) we like to keep an ear to the ground and our eyes on the horizon. And by way of a monumental new project, Bogota’s horizon will soon be changing…in a BIG way! The new BD Bacatá, rising from the location of the old Bacatá Hotel located at 19th Street #5-20, is set to take center-stage not only as the tallest building in Colombia, but as the tallest building in all of South America. A statement of stylish moderninity and class, with three towers of more than 66 floors and measuring over 240 meters (more than 790 feet), the new BD Bacata will topple a 30 year record held by the Colpatria Tower as the tallest building in Colombia. Colpatria Tower, at 49 floors and 196 meters (643 feet) in height and still a landmark in its own right, will end up looking like the BD Bacatas malnourished, gangly step-sister in comparison.
Stepped style skyscrapers are not a new concept in and of themselves; however few projects have taken the design quite as far as the BD Bacata. The overall structure will consist of three towers measuring 240 meters, 200 meters, and 120 meters respectively, each interconnected with multiple sky bridges. Total interior area will be 114,384 square meters.
The towers will be partitioned into 396 apartments, 138 offices, a 542 room hotel with two restaurants and a club lounge, an observation deck, a 1500 person convention center, a shopping mall with 38 stores and 10 kiosks, 403 private parking spaces, and 334 public parking spaces. The tallest tower, the hotel, will have seven vertical sections each with sky gardens in between. The complex will offer its residents, business venues, and visitors only the best quality, security and services in a fully integrated modern environment.
Development leaders for the project, BD Promoters Colombia, has the backing of the Alonso Balaguer architectural firm of Madrid, Davivienda Bank and Trust Action, and is also seeking private investor funding via presales of both commercial and residential investment. Two investment models are offered for the project; for sale by property (parks, housing and offices) and sell real estate trust rights or horizontal plate (shopping and hotel).
Pre sales and investment options for both residential and commercial units began on February 18, 2010, with potential investor or resident guests showing enthusiastic interest and acceptance of the offerings. Initial pre sales pricing of the residential units ranged between $88,745 and $455,000 USD. Investors may also opt to invest in the commercial units by way of a Right of Trust investment. BD Bacatá offers two Right of Trust options; the hotel and the shopping center. Investment is made in $30,000 USD increments with the investment being managed and audited by company controlled Trust Action under the Superintendent of Financial Institutions. Though the goal and objective of any such investment is to obtain a share of the project and in turn achieve a high rate of return, it should be understood that investment returns and profitability for the hotel venue is based solely on hotel occupancy, nightly room rate, and other components such as food and beverage service and rental of meeting rooms and conference rooms, while investment returns and profitability for mall units is based solely on the income of the mall lease/rental units.
We at Investment Group Colombia strive to bring you the most current investment, travel, and living information and opportunities available. It is our firm belief that the increasing prosperity of Colombia and the rise of the new middle class has only just begun. Development and construction of such major projects as the BD Bacata are indicative of what and how the investment world feels about Colombia’s future. As declared by the World Bank, Colombia is THE BEST and most secure country in Latin America to do business with. For over 10 years the Colombian economy has grown at rates above the world average and 2 points above the Latin American average, experiencing zero negative growth and minimal cost of living increases.
Between 2002 and 2009 alone, foreign investment grew by 400%, from 2.1 million to nearly 9 million USD. Exports have also grown, from 12 million USD in 2002 to 33 million USD in 2009. Additionally, the number of tourists nearly tripled, increasing from 661 thousand in 2002 to nearly 2.8 million visitors in 2010. To say that Colombia is on the move, heading for bigger and better things, is an understatement. We at IGC see the development and construction of BD Bacata as just one more vote of confidence, faith, and commitment in the direction that Colombia is heading and in the even greater prosperity to come. So maybe it is time for you, our friends and clients, to consider as the folks at BD Bacata state, to “Become part of this project (Bacata) and live with us the experience of being 3,000 meters closer to the stars.”
If you would like more information about the exciting and rewarding opportunities of visiting, living, or investing in Colombia, please request our Investors Guide to Colombia by CLICKING HERE.