Colombia's Superintendencia Financiera issued a new sanction against Alianza Fiduciaria for the Sky Condominio project in Montería, Córdoba. The regulator ordered the repayment of $1.6 billion Colombian pesos to a group of buyers, finding that the fiduciary failed to verify the project's viability and the developer's financial capacity.
Colombia's Superintendencia Financiera imposed a new sanction on Alianza Fiduciaria linked to the Sky Condominio real estate project in Montería, Córdoba department. The ruling requires the fiduciary to repay $1.6 billion Colombian pesos to affected buyers, after finding it failed to properly verify the project's viability, the developer's financial capacity, and the fiduciary business structure. These duties are part of the professional diligence standard for fiduciaries managing public funds in real estate, per the regulator's announcement published on March 17, 2026, at 18:08 local time (-05:00).
