The Portal La Molina shopping center is getting closer. The great work will have about 32 commercial stores and 8,000 square meters.
In mid-2016, the shopping center unit of the Chilean holding Cencosud Shopping initially invested $100 million in the mall La Molina Portal. However, the construction of this mall was halted after learning of a rescheduling of investments and the complaint from the neighbors due to the closure of streets, as well as the COVID-19 pandemic. Despite the difficulties, it is a reality that the Portal La Molina shopping center is already will open its doors this yearaccording to Cencosud.
Portal La Molina: what is known about the progress of the shopping center?
In a 2022 financial results report, Cencosud Shopping indicated that the Portal La Molina shopping center completed its first phase of construction and that it is currently in an adaptation process with the district municipality. As it was known, the place will have a dimension of 8,000 square meters where there will be approximately 32 stores for the public.
In the fourth quarter of 2022, the income of the Cencosud Shopping company in Peru totaled 328,040 million Chilean pesos. This means that it grew by 3.5% in soles and 17.9% in Chilean pesos, due to the devaluation of the Chilean currency compared to the local currency.
For the segment of supermarkets, Cencosud obtained 321.494 million Chilean pesos, an estimate of 395.44 million dollars. In addition, your income from malls they rose by 6,406 million Chilean pesos, that is, approximately 7.88 million dollars. Meanwhile, in the category othersobtained 140 million Chilean pesos.
Portal La Molina shopping center: what is Cencosud’s income?
Regarding supermarkets, revenues for the fourth quarter of 2022 reflect an increase in same-store sales of 3.7%, demonstrating a good reception of the Cash & Carry format, for which Cencosud has been betting, and higher sales in the online shopping channel.
It was learned that in the last two years the Cash & Carry format has been growing after the COVID-19 pandemic. This commercial formula includes the distribution of products in large quantities to users in order to improve savings when buying wholesale in fully stocked stores.
Portal La Molina shopping center: where will it be located?
This project of cencosud It will be located at the intersection of Raúl Ferrero avenue and Alameda del Corregidor, district of La Molina.
Source: Larepublica
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