The company has had the support of the Procolombia association and InvestinPereira to formalize its entry into the country. It plans to use a model similar to that of Spain, adapting it to the particularities of the Latin American country.

RKS, the real estate investment and management group based in Spain, has entered the Colombian market with the constitution of RKS Latam and a first residential project in Pereira, the largest city in the Colombian coffee region.

The RKS group includes the RKS Real Estate fund, based in Luxembourg, the Ktesios socimi in Madrid and the servicer RKS Asset Management, also based in Madrid, according to the company in a statement.

"Our arrival in Colombia marks the beginning of an exciting expansion in Latin America. We are convinced that our focus on identifying investment opportunities in less conventional markets and creating a positive impact will be as relevant in Colombia as it has been in Spain, where "We have contributed significantly to improving access to quality housing for the working class," said its president, Henry Gallego.

RKS plans to implement in Colombia a model similar to that used in Spain, adapting it to the particularities of the local market.

Through the RKS RE fund, it has committed a total investment of two million euros, of which it has already made a first investment of 0.5 million euros in this real estate project.

This investment will generate 10% interest with quarterly payments, without currency risk and with a mortgage guarantee, with an estimated IRR (profitability) of 18%, in addition to including a success commission.

The company has had the support of the Procolombia association and InvestinPereira to formalize its entry into the country.