Project Pipeline
We have announced projects that will add 63,000 m² of GLA, as well as a hotel, over the next few years, which will require a total investment of approximately US$ 441 million.
| GREENFIELD PROJECTS | Type | Country | Format | Estimated Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency)(1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Arauco Express Coquiimbo | Greenfield | Chile | Strip Center | 4Q18 | 3,000 | 53% | 1,590 | 155,000 | 6 |
| La Molina | Greenfield | Peru | Neighborhood | TBD | 19,500 | 100% | 19,500 | 180,000 | 55 |
| Subtotal | 22,500 | 21,090 | 61 |
| EXPANSIONS | Type | Country | Format | Estimated Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Parque Arauco Kennedy- Fase 1 (3) | Expansion | Chile | Regional / Hotel | 2H21 | 11,000 | 100% | 11,000 | 5,355,000 | 222 |
| Parque Arauco Kennedy- Fase 2 (4) | Expansion | Chile | Regional / Tower | 2H24 | 10,000 | 100% | 10,000 | 2,200,000 | 90 |
| Bazar Gourmet- Parque Arauco Kennedy | Expansion | Chile | Regional | 4Q18 | N/A | 100% | N/A | 120,000 | 5 |
| Arauco Express Ossandón | Expansion | Chile | Strip Center | 1H19 | 1,000 | 53% | 530 | 71,500 | 3 |
| Arauco Premium Outlet Buenaventura | Expansion | Chile | Outlet | 2H19 | 2,000 | 100% | 2,000 | 97,000 | 4 |
| Subtotal | 24,000 | 23,530 | 324 |
| OTHER PROJECTS | Type | Country | Format | Estimated Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| MegaPlaza | Minority Interest | Perú | Various | 2Q19 | N/A | 50% | 120,500 | 583,450 | 177 |
| PROJECTS INCORPORATED IN 2018 | Type | Country | Format | Opening Date | Total GLA (m²) | % Ownership | Owned GLA (m²) | Total Investment (Local Currency) (1) | Total Investment (US$MM) (2) |
|---|---|---|---|---|---|---|---|---|---|
| Viamix Colonial | Development | Peru | Strip Center | 1Q18 | 3,000 | 100% | 3,000 | 25,000 | 7 |
| El Quinde Cajamarca Expansion | Expansion | Peru | Regional | 2Q18 | 2,500 | 100% | 2,500 | 40.000 | 12 |
| Parque Angamos | Development | Chile | Neighborhood | 3Q18 | 10,500 | 55% | 5,775 | 811,000 | 34 |
| Subtotal | 16,000 | 11,275 | 53 | ||||||
| Total | 62,500 | 177,395 | 615 | ||||||
| Approx. Remaining Investment as of September 30, 2018 | 472 |
(1) Projects in Chile in UF, in Peru in ThPEN, in Colombia in MCOP
(2) Considering the exchange rate as of September 30, 2018
(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