Laying the groundwork for the future

Project Pipeline

We have announced projects that will add 51,000 m² of GLA, as well as a hotel, over the next few years, which will require a total investment of approximately US$ 360 million.

GREENFIELD PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AngamosGreenfieldChileNeighborhood2H18 11,000 55% 6,050 886,00037
Arauco Express CoquiimboGreenfieldChileStrip Center2H183,00053%1,590155,0007
Viamix ColonialGreenfieldPeruStrip Center1T18 3,000 100%3,00025,0007
La MolinaGreenfieldPeruNeighborhoodTBD 19,500 100%19,500180,00056
Subtotal 36,500 30,140 107
EXPANSIONSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Kennedy Expansion (3)ExpansionChileRegional / Hotel2H2111,000100%11,0005,355,000233
Bazar Gourmet- Parque Arauco KennedyExpansionChileRegional2H18N/A100%N/A120,0005
Arauco Express OssandónExpansionChileStrip Center1H191,00053%53071,5003
El Quinde Cajamarca ExpansionExpansionPeruRegional2H172,500100%2,50040.00012
Subtotal 14,500 14,030 253
PROJECTS INCORPORATED IN 2017TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Arauco CoronelAcquisitionChileRegional1Q1730,000100%30,0001,520,00070
MegaPlaza Express HuaralDevelopmentPeruNeighborhood1Q179,00050%4,50046,50012
Parque Lambramani RenovationRenovationPeruRegional3Q17N/A100%N/A23,5008
Hotel BucaramangaExpansionColombiaHotel3Q17N/A100%N/A19,5007
MegaPlaza Villa El Salvador IIDevelopmentPeruNeighborhood4Q1711,00050%5,50036,00011
Arauco Premium Outlet BogotáDevelopmentColombiaOutlet4Q1713,000100%13,00078,00031
Subtotal 63,000 53,000 139
New Landbank9
Total 114,000 97,170 508
Approx. Remaining Investment as of December 31, 2017 246

(1) Projects in Chile in UF, in Peru in ThPEN and in Colombia MCOP
(2) Using exchange rate as of December 31, 2017
(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.