Project Pipeline
We have announced projects that will add 79,500 m² of GLA, over the next few years, which will require a total investment of approximately US$ 255 million.
| NEW PROJECTS | Type | Country | Format | Estimated Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency)(1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Parque Alegra | Development | Colombia | Regional | 1H22 | 50,000 | 52.5% | 26,250 | 434,000 | 118 |
| Santa Elena | Development | Chile | Strip Center | 2H21 | 1,500 | 100.0% | 1,500 | 108,000 | 4 |
| Subtotal | 51,500 | 27,750 | 122 |
| EXPANSIONS | Type | Country | Format | Estimated Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Parque Arauco Kennedy- Phase 1 | Expansion | Chile | Mixed Use | Under review | 11,000 | 100% | 11,000 | 5,355,000 | 220 |
| Parque Arauco Kennedy- Phase 2 | Expansion | Chile | Mixed Use | Under review | 10,000 | 100% | 10,000 | 2,200,000 | 90 |
| Larcomar | Reconversion | Peru | Regional | 1H21 | 3,000 | 100% | 3,000 | 13,700 | 4 |
| Subtotal | 24,000 | 24,000 | 314 |
| Acquisitions | Type | Country | Format | Estimated Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Puerto Nuevo Antofagasta (commercial area - Balmaceda) | Development | Chile | Strip Center | 1H21 | 2,000 | 100% | 2,000 | 226,000 | 9 |
| Puerto Nuevo Antofagasta (commercial area - Hotel Tower) | Development | Chile | Strip Center | Under review | 2,000 | 100% | 2,000 | 90,000 | 4 |
| Subtotal | 4,000 | 4,000 | 13 |
| PROJECTS INCORPORATED IN 2021 | Type | Country | Format | Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Subtotal | - | - | - | ||||||
| Total | 79,500 | 55,750 | 449 | ||||||
| Remaining to invest | 255 |
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Estimated values