Laying the groundwork for the future

Project Pipeline

We have announced projects that will add 63,000 m² of GLA, as well as a hotel, over the next few years, which will require a total investment of approximately US$ 469 million.

GREENFIELD PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AngamosGreenfieldChileNeighborhood2H18 11,000 55% 6,050 886,00038
Arauco Express CoquiimboGreenfieldChileStrip Center2H183,00053%1,590155,0007
La MolinaGreenfieldPeruNeighborhoodTBD 19,500 100%19,500180,00056
Subtotal 33,500 27,140 101
EXPANSIONSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Parque Arauco Kennedy- Fase 1 (3)ExpansionChileRegional / Hotel2H2111,000100%11,0005,355,000239
Parque Arauco Kennedy- Fase 2 (4)ExpansionChileRegional / Tower2S2410,000100%10,0002,200,00098
Bazar Gourmet- Parque Arauco KennedyExpansionChileRegional2H18N/A100%N/A120,0005
Arauco Express OssandónExpansionChileStrip Center1H191,00053%53071,5003
Arauco Premium Outlet BuenaventuraExpansionChileOutlet2S242,000100%2,00097,0004
El Quinde Cajamarca ExpansionExpansionPeruRegional2H172,500100%2,50040.00012
Subtotal 26,500 26,030 361
PROJECTS INCORPORATED IN 2018TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Viamix ColonialDevelopmentPeruStrip Center1Q183,000100%3,00025,0007
Subtotal 3,000 3,000 7
Total 63,000 56,170/strong> 469
Approx. Remaining Investment as of March 31, 2018 369

(1) Projects in Chile in UF, in Peru in ThPEN and in Colombia MCOP
(2) Using exchange rate as of March 31, 2018
(3) In addition to the 11,000 sqm, this expansion includes a 401 room Hilton by Hilton hotel and the largest hotel convention center in Santiago.

(4) In addition to the 10,0000 sqm, this expansion includes a 15,000 sqm tower