August 2018

C O R P O R AT E

PRESENTATION

1.

2.

3.

4.

Successful trackrecord

Strategy

Corporate Governance

Portfolio

August

2018

Presence

• COLOMBIA14 Colombian Departaments

• PANAMAPanama

• UNITED STATESFlorida and VA

Private equity fund & Real-estate

developer

OurStats

OPERATING GLA*

7,767,601 SF

COMMERCIAL UNITS

1.900

UNITS

3.400

USD 1.2BILLION

IN ASSETS UNDER

MANAGEMENT

356

DIRECT JOBS

USD 289

PIPELINE

MILLION72

PROPERTIES

ROOMS

697

4

* Including Pipeline

- Figures as of June 2018- Exchange rate = 2.930 COP/USD- Adjusted to Pactia’s share

1. Track RecordSuccessful

GLAEvolution of

Figures as of June 2018 6

2.779.950

4.060.0774.675.733

5.374.683

7.763.241 7.767.601

10.665.875

2013 2014 2015 2016 2017 2018 … 2026

Square

Feet

2. STRATEGY

8

We will beRegional leaders in real-estate development

Profitability

Accomplish profitable growth of the business

• Achieve the expected profitability (TIR, CAPRATE)• Fulfil the investment plan• Optimize the weighted average cost of capital (WACC)

SustainabilityAchievement of a better balance between the economic, social and environmental dimensions in a sustainable way

• Search for a greater generation of economic value for the society

• Building socio-economic development and talent in an inclusive and safe environment

• Manage the environmental impacts generated by the business to preserve the environment

Differentiation

Operating Efficiency

Enhance cost efficiency

• Diversify product portfolio and enhance regional presence

• Strengthen vertical integration• Retain key business knowledge• Develop and retain human talent

• Optimize CAPEX• Increase revenues• Enhance operating efficiency• Achieve customer satisfaction

Search for the highest returns by ensuring the satisfaction of our stakeholders

Technology and innovation• Focus the technology area on business

development• Become leader in technology

implementation in real estateInnovation at the service of the business

Strategy

PROJECT DEVELOPMENT

STRUCTURING

EXECUTION

OPERATION

• Financialefficiency

• Architectural designs based on market needs

• Resourceoptimization

• Time efficient

• Budget follow-up

• Knowledge of themarket’s needs

• Innovation

• Land availability

• Know how

• Sustainability

Deep marketknowledge

8

3. GOVERNANCECorporate

Nicolás JaramilloCEO

+10 years of experience in the Real-estate and Construction

sectors

Lina HurtadoVice President of Retail

+10 years of experience in management and real-estate

administration

Karen HernándezDirector of

Communications

+8 years of experience in development of communication strategies with key stakeholders

Beatriz OsorioSelf-Storage Manager

+20 years of experience in Project Management

Óscar BernalFinancial and Administrative Vice President

+18 years of experience in financial planning

Rodrigo CuentasLegal Manager

+10 years of experience in Real-Estate

Jorge OsorioOperations Manager

+18 years of experience in management and operation

of real-estate assets

SupportingAreas

BussinesLines

Juan EcheverriChief Risk Officer

+14 years of experience in businessand financial departments

Team with experience in theReal Estate Sector

11

Fund GovernanceStructure

Juan Luis AristizábalCEO of Constructora Conconcreto

President of Constructora Conconcreto since2000. Systems Engineer from EAFIT University;he obtained his MSc in Computer Science fromIowa State University in the United States.Specialist in Marketing and StrategicManagement

Álvaro RobayoIndependent member

Felipe RochaVice President of InvestmentConstructora Conconcreto

His previous positions were as Investment Bank Manager,and Planning and Financial Control Manager inConstructora Conconcreto. Business Manager from Colegiode Estudios Superiores de Administración – CESA

Alejandro PiedrahítaVice President of Corporate FinanceGrupo Argos

He also held the position of Vice President ofStructuring Capital Markets in theBancolombia S.A’s Investment Bank divisionBusiness Manager from EAFIT University andobtained a Master’s degree in Political Scienceand Development at the London School ofEconomics

María Clara AristizábalUrban Development Business Management Grupo Argos

Her previous position was as Corporate Strategy Directorand Director of Investor Relations in Grupo Argos.Economist and Finance Specialist in Finance from EAFITUniversity, and MBA from New York University

InvestmentCommittee

Business consultant and member of various boards of Directors in Chile and Colombia. He worked at LeasingBancolombia as Vice President in several areas: Assets, Product, Financial Risk and Administrative. CivilEngineer from Universidad Nacional and Finance Specialist from EAFIT University

12

Candelaria RodríguezGeneral SecretaryConstructora Conconcreto

She advises the Corporate Area of the Companyand the affiliates of the group in commercialissues, the Stock Public Market, and incorporationof the companies, among others. Lawyer andEnvironmental Law Specialist from UniversidadPontificia Bolivariana

María Cristina RamírezDirector in Investment Risk Protección S.A

María Uriza PardoCorporate and Stock Market Manager Grupo Argos S.A.

She has worked in the organization since 2004 structuringthe projects for the corporate reorganization of thebusiness group. Lawyer and Commercial Law Specialistfrom Universidad de Los Andes

Camilo ZeaIndependent member

General Director and Co-founder of Pronus in2012. Prior to Pronus, Camilo worked asProject Manager for Bogota’s Metro who was incharged of fundraising and the beginning ofthe project’s construction

Lawyer, member of the Board of Directors of theAutorregulador del Mercado de Valores de Col (Col’sStock Market Self-Regulator) and Empresa deDesarrollo Urbano (Urban Development Company).Manager and business partner of the firm Suma Legal

VigilanceCommittee

She works in the organization since 2008 in charge of handling the portfolios risk managed by the AFP (acronymin Spanish for Pension Fund Administrators). Business Manager, Corporate Finance and Capital Markets Specialist

Mauricio OrtegaIndependent member

Fund GovernanceStructure

13

PORTFOLIO4.

15

• Shopping centers, malls, stand-alones

• Areas with low retail penetration in cities characterized by their growing middle class

• Search for international partnerships

• Warehouses• Logistic parks• Free-trade zones• Distribution centers

• Cost-efficient, easy-to-operatebuildings

• Office and institutional use• Internationalized portfolio

• Buildings with small self-storage spaces

• Flexibility in areas and contracts

• International growth

• Housing complexes integrated with retail and corporate spaces

• Executive hotels• Alliances with leading hotel

operators

RETAIL

LOGISTICS AND STORAGE

HOTELS

SELF-STORAGE

OFFICES MULTIFAMILY

Portfolio

SHOPPING CENTERS

15

MORE THAN 1,900COMMERCIAL UNITS

STAND - ALONES

7

Operating

Portfolio

UNITS

IN 8 PROPERTIES

3,400MORE THAN

HOTELS

5697 ROOMS

INDUSTRIALPROJECTS

14CORPORATEBUILDINGS

11

Figures as of June 2018 16

GRAN PLAZA ALCARAVÁN

GRAN PLAZA IPIALES

GRAN PLAZA FLORENCIA

GRAN PLAZA SAN ANTONIO

GRAN PLAZA DEL SOL

GRAN PLAZA SOACHA

Yopal - Col Ipiales - ColFlorencia - Col

Pitalito - Col Soledad - Col Soacha - Col

Gran Plaza

Shopping centers

Bosa - Col

GRAN PLAZA BOSA

SHOPPING CENTERS

15STAND - ALONES

7 2,500,667 SF m2

GLA

Figures as of June 2018 17

Other

Shopping Centers

SAN PEDROPLAZA COMERCIAL

VIVASINCELEJO

AVENTURACENTRO COMERCIAL

Neiva - Col

Share: 49%

Sincelejo- ColShare: 49%

Medellín - Col

Share: 22%

Villavicencio - Col

Share: 49%

VIVAVILLAVICENCIO

18

Other

Shopping Centers

GUATAPURÍPLAZA COMERCIAL

ÉXITOEJECUTIVOS

MAYORCAMEGA PLAZA

Guatapurí - Col

Share: 14%

Cartagena - Col

Sabaneta - Col

Share: 9%

Cartagena - Col

ÉXITOCASTELLANA

19

Stand- Alone

Commercial

CARULLAPONTEVEDRA

CORONACÚCUTA

FARMATODOLA ESPERANZA

Bogotá - Col

Cúcuta - Col

Bogotá - Col

Pereira - Col

FLAMINGOPEREIRA

CORONA RICAURTEBogotá

CORONA GUAYABALMedellín

FARMATODOCALLE 127Bogotá

20

21

LÓGIKAMADRID

LÓGIKASIBERIA

Madrid – Col Siberia - Col

Ownership: 51%

INDUSTRIAL PARKS

3BUILT-TO-SUIT PROJECTS

11 3,608,740 SFGLA

SANCARLOS I

LÓGIKASIBERIA

Bogotá - Col

LogisticsIndustrial Parks

Figures as of June 2018

FAMILIA I Y II FRITO LAYALMAGRARIO

UNILEVERINDUSTRIALCONCONCRETO

CORONAGIRARDOTA

Girardota - Col Itagüí - ColYumbo - Col

Palmira - Col Girardota - Col Girardota - Col

LogisticsBuilt-to-Suit

22

JMC FIBRATOREROLFORMADOS

COLOR WAY

Itagüí - Col Itagüí - Col

Itagüí - Col

LogisticsBuilt-to-Suit

23

Itagüí - Col

BURÓ 24

Bogotá - Col

Bogotá - Col

Bogotá - Col

Share: 50%

Barranquilla - Col

Share: 50%

BURÓ 26

BURÓ 25 BURÓ 51

Virginia – USA

Share: 45%

FLEX-OFFICE|CHANTILLY

CORPORATE BUILDINGS

11 1,263,714 SFGLA

CorporateBuildings

Figures as of June 2018 24

ALMAGRÁNMEDELLÍN

SEDE ADMINISTRATIVAEPSA

MAYORCAPLAZA EMPRESARIAL

BURÓITAGÜÍ

TORREARGOS

Medellín - Col Yumbo- ColSabaneta - Col

Itagüí - Col

Share: 51%

Bogotá - Col

Share: 19,4%

Medellín - Col

Share: 75,06%

Other CorporateBuildings

CENTROSANTILLANA

25

GHL STYLEYOPAL

MOVICHBURÓ 26

SONESTAVALLEDUPAR

Yopal - Col

Share: 90%Bogotá - Col

Share: 50%

Neiva - Col

Share: 90%

Barranquilla- Col

Share: 50%

Valledupar - Col

Share: 90%

Hotels

GHL STYLENEIVA

MOVICHBURÓ 51

HOTELS

5ROOMS697

Figures as of June 2018 26

U-STORAGEHAYUELOS

Bogotá - Col Medellín - ColBogotá - Col

Cartagena - Col Barranquilla - Col Cali- Col

Self-Storage

U-STORAGEPRADO PINZÓN

U-STORAGEMEGACENTER

U-STORAGECRESPO

U-STORAGE46

U-STORAGECALI | 3 PROPERTIES

PROPERTIES

8UNITS

3.400 245,309 SFGLA

Figures as of June 2018 27

Portfolio UnderDevelopment

2 Shopping Centers

3

2

CorporateBuildings

Hotels

630,129 m2

GLA

457,767 m2

GLA

341,219 m2

GLA

USD 152 mInvestment

USD 43 mInvestment

USD 74 m

Investment

USD 67 m

10Projects

2,898,280 m2

GLA

USD 524*Investment

Figures in USD Millions

Investment

1 Built-to-Suit

2 Projects USD 49 mInvestment

562Rooms

28

Retail

Logistics and storage

Offices

Hotels

Multifamily

355Units

- Exchange rate = 2.931 COP/USD- Adjusted to Pactia’s share- *Including extensions and shares

29

Retail

Gran Plaza AndesBarranquilla - Colombia

199,186 SFGLA

USD 41 million

Gran Plaza El EnsueñoBogotá – Col

430,944 SFGLA

USD 111 millionInvestment Investment

- Figures adjusted to Pactia’s share- Exchange rate = 2.931 COP/USD

Openingfourthquarter2018

30

Colgate DistributionCenterCali - Col

457,767 m2

USD 43 millionInvestment

GLA

Logistics

- Exchange rate = 2.931 COP/USD- Adjusted to Pactia’s share

Openingfirstquarter2019

31

SantillanaMedellín - Col

124,586 SFGLA

102,505 SF

USD 31 millionInvestment

USD 20 millionInvestment

GLA

CorporateBuildings

850 Le JeuneMiami – USA

114,129 SF

GLA

USD 23 millionInvestment

55%Share

- Exchange rate = 2.931 COP/USD- Adjusted to Pactia’s share

Openingsecondquarter2019

Dream PlazaPanama - Panama

32

Hotel Ibis ItagüíItagüí - Col

Hotel Hilton Bogotá CorferiasBogotá - Col

142Rooms

420

USD 4 millionInvestment

USD 63 million

Rooms

Hotels

Investment

Openingfourth

quarter2018

- Exchange rate = 2.931 COP/USD- Adjusted to Pactia’s share

Openingfirst

quarter2019

33

Multifamily

850 Le JeuneMiami – USA

USD 28 millionInvestment

118,924 SFGLA

55%Share

- Exchange rate = 2.931 COP/USD- Adjusted to Pactia’s share

230Units

Coral GablesMiami – USA

USD 21 millionInvestment

65,654 SFGLA

55%Share

125Units

FinancialSoundness

InternationalPlatform

Experience and recognition

Project development

capacity

VerticallyIntegration

OperatingExperience

Largest IRA Management company in Colombia

25 years ofexperience

Manages an investment portfolio of more than COP 73 trillion with

more than 6.5 million affiliates

OurInvestors

34

33,26% 42,28% 24,46%

Investors share as of June 27th of 2018

35