Laying the groundwork for the future

Project Pipeline

We have announced projects that will add 74,000 m² of GLA over the next few years, which will require a total investment of approximately US$ 385 million.

GREENFIELD PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AngamosGreenfieldChileNeighborhood2H18 11,000 55% 6,050 886,00037
Arauco Express CoquiimboGreenfieldChileStrip Center2H183,00053%1,590155,0006
MegaPlaza Villa El Salvador IIGreenfieldPeruNeighborhood2H1711,00050% 5,500 36,00011
Various Projects SCPGreenfieldPeruNeighborhood2H18 19,500 100%19,500180,00055
Viamix ColonialGreenfieldPeruStrip Center1T17 3,000 100%3,00025,0008
Arauco Premium Outlet BogotaGreenfieldColombiaOutlet1H17 13,000 100% 13,000 78,00027
Subtotal 60,500 48,640 144
EXPANSIONSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Kennedy Expansion (3)ExpansionChileRegional / Hotel2H2111,000100%11,0005,355,000224
Bazar Gourmet- Parque Arauco KennedyExpansionChileRegional2H18N/A100%N/A120,0005
El Quinde Cajamarca ExpansionExpansionPeruRegional2H172,500100%2,50040.00012
Subtotal 13,500 13,500 241
PROJECTS INCORPORATED IN 2017TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Arauco CoronelAcquisitionChileRegional1Q1730,000100%30,0001,520,00064
MegaPlaza Express HuaralDevelopmentPeruNeighborhood1Q179,00050%4,50046,50014
Parque Lambramani RenovationRenovationPeruRegional3Q17N/A100%N/A23,5007
Hotel BucaramangaExpansionColombiaHotel3Q17N/A100%N/A19,5007
Subtotal 39,000 34,500 92
New Landbank9
Total 113,000 96,640 486
Approx. Remaining Investment as of September 30, 2017 282

(1) Projects in Chile in UF, in Peru in ThPEN and in Colombia MCOP
(2) Using exchange rate as of September 30, 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.