Mallplaza and Falabella announce real estate asset transfers

Mallplaza and Falabella have announced a new corporate structure involving the transfer of real estate assets in Chile and Peru. In Chile, the companies plan to create a joint venture controlled by Mallplaza (approximately 51 percent), which will include six Falabella Inmobiliario assets totaling roughly 140,000 square meters. This transaction is valued at approximately US$ 200 million and offers a potential expansion of 50,000 square meters.

In Peru, Mallplaza intends to acquire a 51 percent stake in Inmobiliaria SIC through capital increases. This move aims to develop a 90,000-square-meter shopping center in San Isidro, with construction projected for 2028–2029. Both regional operations are subject to due diligence and the signing of definitive agreements within 120 days.

Additionally, Parque Arauco has finalized the acquisition of Mall Paseo Quilín in Chile for approximately US$ 113 million, including US$ 31 million in financial debt. The acquisition adds 47,000 square meters of gross leasable area to Parque Arauco’s portfolio.