Laying the groundwork for the future

Project Pipeline


We have announced projects that will add 79,500 m² of GLA, over the next few years, which will require a total remaining investment of approximately US$ 241 million.

NEW PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AlegraDevelopmentColombiaRegional1H2250,00052.5%26,250434,000116
Santa ElenaDevelopmentChileStrip Center2H211,500100.0%1,500108,0004
Subtotal 51,500 27,750 120

EXPANSIONSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Parque Arauco Kennedy- Phase 1ExpansionChileMixed UseUnder review11,000100%11,0005,355,000220
Parque Arauco Kennedy- Phase 2ExpansionChileMixed UseUnder review10,000100%10,0002,200,00090
LarcomarReconversionPeruRegional2H213,000100%3,00013,7004
Subtotal 24,000 24,000 314

AcquisitionsTypeCountryFormatEstimated DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Puerto Nuevo Antofagasta (commercial area - Hotel Tower)DevelopmentChileStrip CenterUnder review2,000100%2,00090,0004
Subtotal2,0002,0004
PROJECTS INCORPORATED IN 2021TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Puerto Nuevo Antofagasta (commercial area - Balmaceda)DevelopmentChileStrip Center1H212,000100%2,000226,0009
Subtotal2,000 2,000 9
Total 79,500 55,750 447
Remaining to invest241
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Estimated values