Port of Chancay attracts shopping centers and hotels: what is missing for these investments to advance?

On the central coast of Peru, the port of Chancay stands as a magnet for investors. Its upcoming opening arouses interest not only because of its economic impact, but because of the opportunities it generates in various sectors, such as shopping centers and hotel chains.

However, what elements are key for these advances to take off and transform the area? We tell you the challenges that must be overcome for these investments to flourish.

When will the Port of Chancay begin operating?

He Chancay port It is scheduled to open at the end of this year, marking an important milestone in the region’s port infrastructure.

Currently, it is almost 50% complete, and its inauguration is scheduled for the fourth quarter of 2024 at the Presidential Summit of the Asia-Pacific Economic Cooperation Forum (APEC).

What is missing for investments in shopping centers and hotels to advance?

Although the interest of investors in shopping centers and hotels is evident, the mayor of Chancay, Juan Álvarez, told Andina that the urban development plan remains to be completed.

“So that These investments advance, it is important that we complete the urban development plan, because there will be established where the areas of commerce, recreation and transportation infrastructure will be located, because the construction of a landport is also planned,” he stated.

The land around the Port of Chancay

The value of land near the port has experienced a notable increase. According to Álvarez, 15 years ago, the square meter was priced at 1 dollar; Today, it can reach up to $1,000, especially within the city.

This revaluation is generating opportunities for both sellers and investors, but “the issue of ownership is basic, which is why it is important to clean up and title the properties,” added the mayor of Chancay.