Laying the groundwork for the future

Project Pipeline


We have announced projects that will add 75,000 m² of GLA, as well as a hotel, over the next few years, which will require a total investment of approximately US$ 245 million.

NEW PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AlegraDevelopmentColombiaRegionalUnder Review50,00052.5%26,250433,000107
Subtotal 50,000 26,250 107

EXPANSIONSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Parque Arauco Kennedy- Phase 1 (3)ExpansionChileRegional / HotelUnder review11,000100%11,0005,355,000180
Parque Arauco Kennedy- Phase 2 (4)ExpansionChileRegional / TowerUnder review10,000100%10,0002,200,00073
Subtotal 21,000 21,000 253

AcquisitionsTypeCountryFormatEstimated DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Puerto Nuevo Antofagasta (Balmaceda Tower, Hotel Tower)DevelopmentChileStrip Center1H20 (Tower),
2H21 (Hotel)
3,000100%3,000250,0007
Subtotal3,0003,0007
PROJECTS INCORPORATED IN 2020TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Arauco Premium Outlet BuenaventuraDevelopmentChileOutlet1Q201,000100%1,000--
Subtotal 1,000 1,000
Total 75,000 51,250 367
Remaining to invest245
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Considering the exchange rate as of March 31, 2020
(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