Laying the groundwork for the future

Project Pipeline


We have announced projects that will add 82,000 m² of GLA, as well as a hotel, over the next few years, which will require a total investment of approximately US$ 288 million.

NEW PROJECTSTypeCountryFormatEstimated Opening Date Total GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency)(1)
Total Investment
(US$MM) (2)
Parque AlegraDevelopmentColombiaRegional2H2150,00052.5%26,250434,000127
Santa ElenaDevelopmentChileStrip Center2H211,500100.0%1,500108,0004
Subtotal 51,500 27,750 131

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%11,0005,355,000220
Parque Arauco Kennedy- Phase 2 (4)ExpansionChileRegional / TowerUnder review10,000100%10,0002,200,00090
LarcomarReconversionPeruRegional1H213,000100%3,00013,7004
Subtotal 24,000 24,000 314

AcquisitionsTypeCountryFormatEstimated DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Puerto Nuevo Antofagasta (Balmaceda Tower, Hotel Tower)DevelopmentChileStrip Center1H21 (Tower),
Under review (Hotel)
4,000100%4,000250,00010
Subtotal4,0004,00010
PROJECTS INCORPORATED IN 2020TypeCountryFormatOpening DateTotal GLA (m²)% OwnershipOwned GLA (m²)Total Investment
(Local Currency) (1)
Total Investment
(US$MM) (2)
Arauco Premium Outlet Buenaventura (Remaining)ExpansionChileOutletjan-201,500100%1,500140,0005
Arauco Express ChicaumaDevelopmentChileStrip Centermar-20500100%5002,0000
Parque La Colina - LocalReconversionColombiaRegionaldec-20500100%5002,7001
Subtotal 2,500 2,500 6
Total 82,000 58,250 461
Remaining to invest288
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Considering the exchange rate as of December 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