Parque Arauco, Chilean Malls operator in Peru, increased income and Ebitda for more than US $ 241 million

Parque Arauco, one of the great Chilean operators of shopping centers in Peruclosed 2024 with an increase in its 19.8% and an EBITDA income, which reflects the company’s profits before interest, taxes and depreciation, of 21.0%, thus reaching US $ 241 million.

According to the Chilean conglomerate, the increase in sales is strongly explained by growth in its country of origin, where the rise in the fourth quarter was 13.2%, driven by the increase in sales of Arauco Kennedy Park (18.2%) and 18.8% of the Arauco Premium outlet portfolio.

While in its operations in Peruthe increase in sales was 9.4% and in Colombia 11.5% both in local currency. “We have solid and dominant assets In the three countries where we operate, so we have confidence to continue presenting important growth this year that just begins, ”said Francisco Moyano, corporate manager of administration and finance of the firm.

In December, Parque Arauco opened Parque La Molina, the twenty -first shopping center in Peru, with an investment of US $ 60 million. In this way, he added 17,000 square meters to his portfolio and incorporated a second Lifestyle format asset.

In the Multifamily category, the construction of four projects, three in Colombia and one in Peru, with a total investment of US $ 77 million that will be opened between 2025-2026.

Finally, extensions were completed in Arauco Chillán, Arauco Coronel in Chile and the first phase of Ica Megaplaza, in Peru.

Arauco Park: Shopping Centers in Peru

Parque Arauco has a presence in Peru with Mega Plaza (Independence, Ica, Cajamarca, Chimbote), Larcomar (Miraflores), La Molina ParkPisco Park, Cañete Park, Arauco Oulets, Viamix (strip centers).

Among its main advances of the Chilean firm is to start the second phase of the Master Plan (gastronomic ditrito) of megaplaza independence. After the first phase, the occupation of the asset grew by 2.1 pp reaching 98.8% and sales grew by 5.6%.

The outlet format increased sales by 9.5%, driven by its change to outlet format in Arequipa, which increased its sales by 21.9% compared to the same period of 2023.

For its part, Mega Plaza Icaits second largest asset on a leased surface in Peru, closed the quarter with an increase in net operational income (NOI) very positive of 18.1% no greater minimum lease and greater efficiency in the operation.