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$ 441 million.

GREENFIELD PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Arauco Express CoquiimboGreenfieldChileStrip Center4Q183,00053%1,590155,0006
La MolinaGreenfieldPeruNeighborhoodTBD 19,500 100%19,500180,00055
Subtotal 22,500 21,090 61

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%11,0005,355,000222
Parque Arauco Kennedy- Fase 2 (4)ExpansionChileRegional / Tower2H2410,000100%10,0002,200,00090
Bazar Gourmet- Parque Arauco KennedyExpansionChileRegional4Q18N/A100%N/A120,0005
Arauco Express OssandónExpansionChileStrip Center1H191,00053%53071,5003
Arauco Premium Outlet BuenaventuraExpansionChileOutlet2H192,000100%2,00097,0004
Subtotal 24,000 23,530 324

OTHER PROJECTSTypeCountryFormatEstimated DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
MegaPlazaMinority InterestPerúVarious2Q19N/A50%120,500583,450177
PROJECTS INCORPORATED IN 2018TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Viamix ColonialDevelopmentPeruStrip Center1Q183,000100%3,00025,0007
El Quinde Cajamarca ExpansionExpansionPeruRegional2Q182,500100%2,50040.00012
Parque AngamosDevelopmentChileNeighborhood3Q1810,50055%5,775811,00034
Subtotal 16,000 11,275 53
Total 62,500 177,395 615
Approx. Remaining Investment as of September 30, 2018 472
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Considering the exchange rate as of September 30, 2018
(3) In addition to the 11.000 m2 of GLA, this expansion includes a 401 room Hilton by Hilton and the largest hotel convention center in Santiago
(4) This project also includes a 15.000 m2 tower