Whats is the EDU
The Enterprise of Urban Development, EDU, is a state industrial and commercial enterprise with juridical personality, its own assets and administrative and financial autonomy.
EDU’s primary objectives are urban and real estate management and operation, the development and implementation of plans, consultancy and advisory services, urban and real estate programs and projecst in municipalities and the department as well as at national and international level.
EDU executes urban management programs, plans and projects that contribute to the consolidation of cities, converting them into modern, dynamic cities adapted to the most pressing needs of city-dwellers. The work of EDU transforms the habitat integrally and in the benefit of people from all socioeconomic stratums in an innovative way and complying corporate social responsibility.
In September 1993, in order to expedite the construction of the San Antonio Square, the Council of Medellin issued the Agreement Nº 043, which allowed the Mayor of Medellin to create and organize a Commercial and Industrial Enterprise of the Municipal Order.
By Decree 1215 as of December 3rd, 1993, San Antonio square, the Commercial and Industrial Enterprise of the Municipal Order, was created, with legal capacity to sue, administrative autonomy and independent assets.
Its statutes were adopted by Decree 1216 as of December 3rd, 1993. Later on, it became the developing real estate agency of Medellín, by the Municipal Agreement No. 07 as of 1996, in order to develop urban projects and real estates represented in the public space and in areas of urban renewal in the city of Medellin. Decree 637 established its statutes as of 1996.
As of February 20th, 2002, by Decree 158, its statutes were modified and its name changed to Enterprise of Urban Development, EDU, as an artificial person of the Municipal order, endowed with administrative autonomy, financial autonomy and proper assets.
The new statutes allow the entity to be manager, operator, developer, executant, consultant and advisor for urban and real estate plans, programs and projects, at municipal, departmental, national and international level.