Red Megacentro’s Chile operations had an extremely strong year during the review period. In the 12 months leading up to June 2024, its gross leasable area increased by 4%, driven by project expansions in the country. The firm’s revenue and ebitda rose by 10% and 8%, respectively, with a strong ebitda margin of nearly 50%.

Over the review period, GPS Property Solutions’ advisory division has demonstrated strong financial and market performance. With a highly skilled team of 10 professionals, the firm successfully completed 22 transactions, amounting to $148 million – an impressive increase from the previous year.

Cushman & Wakefield’s Peru office provides specialized services in commercial real estate, focusing on offices, industrial, logistics, and retail sectors. During the review period, it has delivered customized, lifecycle services tailored to corporate clients, encompassing leasing, facility management, and operational continuity. More specifically, Cushman & Wakefield prioritized office market development, addressing Lima’s high vacancy rates with strategic projects in office leasing and construction.

Logan Valuation had a solid year delivering high quality consulting work to the Colombian real estate market. With offices in Bogotá, the firm is supported by internationally recognized experts holding prestigious MAI and RICS designations.

Logan Valuation delivered a strong year in the real estate market, solidifying its status as a leading adviser in the Costa Rican real estate industry. Its exceptional combination of financial strength, technological innovation, and sustainability focus earned it the award as Costa Rica’s best real estate adviser.

Prime has had a strong year over the review period consolidating its status as a leader in Costa Rica’s real estate consultancy sector. Specializing in investment, advisory, and project structuring, Prime collaborates with top-tier family offices and corporations across Latin America, having participated in over 330 projects in 23 countries, with real estate transactions exceeding US$2.5 billion. Known for tackling complex real estate challenges, Prime focuses on structuring large-scale, sophisticated projects and portfolios, while advocating for net-positive real estate.

Corporación Inmobiliaria Vesta (Vesta) has demonstrated exceptional growth and leadership in industrial real estate across Mexico during the review period. By the end of 2023, Vesta had surpassed its 2031 target for gross leasable area, reaching over 45 million sq ft ahead of schedule through a blend of new developments and certification of existing properties.

With a brokerage division spanning residential, office, retail, multifamily, industrial, and specialized markets such as datacentres and senior housing, Colliers has proven to be the leading real estate agency in Chile during the review period. The firm plays a pivotal role in decentralizing urban development, fostering new real estate hubs that benefit communities and promote economic growth.

With over 118 years of history, Banco Pichincha is one of Ecuador’s leading banks in real estate financing, in particular in the social and public housing sectors. As the top provider of these loans, Banco Pichincha accounted for 56% of the US$289 million allocated to social and public housing by the private financial system between May 2023 and June 2024. The bank serves 5.6 out of every 10 households benefiting from these programmes.

Cushman & Wakefield has had a strong year in Argentina’s commercial real estate industry, with a particular focus on office, industrial, logistics, and retail markets. Specifically, in Buenos Aires, the company has closely monitored the changing dynamics of office space with the rise of remote and hybrid work. They support businesses by advising on adaptable class A office spaces that align with flexible and high-quality facility needs, enhancing the appeal of urban office locations.

Banco Popular Dominicano has solidified its position as the market leader in the Dominican Republic’s real estate sector through solid financial performance and new strategies. During the review period, its mortgage loan portfolio grew by 13%, reaching Ps$62 billion ($1 billion), with Ps17.2 billion disbursed, benefiting over 3,500 clients. The bank’s construction loans saw even greater growth, with a 41% increase in approved loans and a 94% rise in disbursements.

With a comprehensive understanding of the Peruvian and Latin American market, Newmark excels due to its extensive market knowledge and consulting services for its clients. Their client-centric approach ensures tailored, customized solutions, making them a trusted partner in meeting client-specific needs.

Plaza Logistica is a leading logistics developer with a track record for developing class A warehouses through a multi-tenant park model – with over 517,106 sqm of built space and 109,750 sqm of landbank. The company focuses on rental streams, long-term asset appreciation, and development growth, achieving a 19% market share of the logistics warehousing sector in Argentina.

Machado Meyer has emerged as a top law firm in Brazil, recognized for its strong focus on real estate law, with expertise covering a wide range of sectors, including real estate development, construction, logistics, retail, infrastructure, and agribusiness.

Over the review period, Cushman & Wakefield has been adapting to changing demands in Brazil’s commercial real estate market, with a focus on major office markets in São Paulo and Rio de Janeiro. In 2023, the office sector saw growing interest in flexible workspaces, especially in high-end Class A and A+ properties. This shift led Cushman & Wakefield to refine strategies to match evolving corporate needs, aligning occupancy rates with emerging work models.

Binswanger Peru is the country’s largest commercial real estate services company, with a team of over 200 experts providing advisory services across property sales, leasing, management, valuations, project development, and facilities management.

With over 206,460 sqm of gross leasable area, Red Megacentro is a leading industrial real estate company specializing in warehouses and self-storage facilities in Peru and Latin America. Its revenue and EBITDA grew by 10% and 8% respectively, with US$19 million of that generated from Peru, comprising 12% of the company's total EBITDA distribution. Megacentro manages over 9,000 tenants with long-term relationships averaging eight years. Its diverse client base, where no single client represents more than 6% of billing, mitigates its liquidity risk.

BTG Pactual Asset Management demonstrated its leadership in the Brazilian real estate financial sector with strong results over the review period. As one of the country’s largest investment banks, BTG Pactual offers a broad range of services, including market making, brokerage, derivatives trading, insurance, and reinsurance.

Colliers has been a strategic partner in managing some of Colombia’s most important real estate assets for 25 years. With more than 2,000 properties managed, 300,000 sqm transacted, and 120 million sqm appraised, Colliers works with 90% of Colombia’s real estate funds, managing a portfolio exceeding Ps3.5 billion.

Banco de Bogotá has significantly improved its financial performance in the real estate sector over the past year. The bank’s real estate portfolio dedicated to housing has grown by 20.82%, increasing from Ps8.4 billion ($1.9 million) in May 2023 to Ps10.2 billion in May 2024. The housing segment now represents 12.05% of the bank’s total business, reflecting a stronger strategic focus.

With a 25-year presence in Colombia, Colliers has become a strategic partner to its clients, offering a comprehensive portfolio of integrated real estate services, delivered directly. The firm has offices in five Colombian cities, and a nationwide presence supported by a team of more than 470 employees.

Creo Capital, built on the belief that Latin America has immense growth potential, focuses on sustainable, impact-driven investments in real estate in Costa Rica and the Latin America region. Creo emphasizes projects with net-positive outcomes, such as solar energy initiatives and eco-friendly developments.

One of the largest banks in Latin America, BTG Pactual had a very strong year under the review period, with the bank supporting Brazil's real estate industry’s growth by providing essential credit to large and mid-sized companies. The bank also provides sectoral research and economic analysis throughout Brazil and Latin America.

With an extensive knowledge of the Brazilian and Latin American real estate markets, during the review period Newmark consistently delivered insights that have driven successful outcomes for its clients. Their client-centric approach enabled the company to tailor solutions to the unique needs of each client, fostering trust and long-term partnerships.

With 17 years of experience, GPS Property Solutions (GPS) has solidified its position as a leading real estate consulting firm in Chile. Known for its highly personalized and specialized services, GPS has demonstrated exceptional performance in the past 12 months, completing 304 transactions worth $450 million, a significant increase from the previous year.

With nearly 30 years of experience, Red Megacentro has established itself as a leading industrial real estate developer in Latin America, specializing in warehouse and self-storage rentals. The company manages over 20.5 million sq ft of gross leasable area (GLA) across more than 60 locations in Chile, Peru and the US, offering state-of-the-art facilities that cater to a diverse range of tenant needs. Red Megacentro’s core mission is to provide space for businesses to grow and succeed, supported by innovative design and exceptional service.

Cushman & Wakefield has demonstrated robust financial performance and operational expertise over the review period that made it Latin America’s strongest real estate adviser.

In 2023 and 2024, Corporación Inmobiliaria Vesta (Vesta) made significant strides within Latin America’s real estate market, particularly in the logistics and industrial domains. Vesta’s strategic expansion has been fuelled by high demand from e-commerce, manufacturing and logistics industries, leading the company to focus on industrial parks across Mexico in high-demand regions. By maintaining occupancy rates in stabilized properties at nearly 98%, Vesta has achieved robust leasing success that underscores its strong market positioning.

BTG Pactual Asset Management produced a strong set of results over the review period to show its leadership in the Latin American real estate financial industry, demonstrating strength across a wide range of services and products. As one of the largest investment banks in the region, BTG Pactual offers comprehensive market solutions, including market making, brokerage, derivatives trading, insurance and reinsurance services.

BTG Pactual achieved strong financial performance in the latest fiscal year, with total revenues reaching R$6.0 billion, reflecting a robust 10% year-on-year growth. Adjusted net income rose to R$2.9 billion, a 15% increase year-on-year, underscoring BTG's continued financial health and growth trajectory. This success highlights BTG Pactual’s position as a leading bank in Latin America’s high-growth real estate sector.