# Retail and real estate developments in Chile and Peru

> Live situation record from CLSTR: https://clstr.news/situations/retail-and-real-estate-developments-in-chile-and-peru
> Updated: 2026-10-02T19:35:18.000Z. Sources: 6. Developments: 2.

Retail and real estate entities in Chile and Peru are undergoing digital and structural expansions. Parque Arauco has begun rolling out a mobile application to several shopping centers, including Arauco Maipú, Arauco Chillán, and Arauco Premium Outlet Buenaventura, with plans to extend the service to Peru. The app provides features such as interactive maps, virtual queues, and automated parking solutions.

Concurrently, Mallplaza and Falabella have announced a corporate restructuring involving the transfer of real estate assets. In Chile, the companies intend to form a joint venture controlled by Mallplaza, valued at approximately US$ 200 million. In Peru, Mallplaza is moving to acquire a 51 percent stake in Inmobiliaria SIC to develop a shopping center in San Isidro. Additionally, Parque Arauco has completed the US$ 113 million acquisition of Mall Paseo Quilín in Chile.

## Timeline

### 2026-10-02: Mallplaza and Falabella announce real estate asset transfers

Mallplaza and Falabella announce a joint venture for real estate assets in Chile and Peru, while Parque Arauco acquires Mall Paseo Quilín in Chile for approximately US$ 113 million.

2 sources. https://clstr.news/cluster/mallplaza-and-falabella-announce-real-estate-asset-transfers

### 2026-09-30: Parque Arauco expands mobile app to more malls in Chile and Peru

Parque Arauco is expanding its new mobile app to more Chilean shopping centers, featuring interactive maps and automated parking, with plans to launch the platform in Peru soon.

5 sources. https://clstr.news/cluster/parque-arauco-expands-mobile-app-to-more-malls-in-chile-and-peru

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Cite as: Retail and real estate developments in Chile and Peru. CLSTR, https://clstr.news/situations/retail-and-real-estate-developments-in-chile-and-peru