Parque Arauco announced that it completed the purchase of Mall Paseo Quilín from the Cousiño Valdés family and businessman Sergio Mujica Charme, and that as of this October 1 it will assume full control of the shopping center located in the Peñalolén district.
In an essential fact filed with the Financial Market Commission (CMF), the company specified that the transaction, which had been announced in May, was carried out at a price of UF 1,917,875 (about US$82 million) for the shares, which will be subject to certain recalculations provided for in the contract.
It also indicated that the price was and will be paid as follows: 60% of the price was paid on this date, at closing; and the remaining 40% will be paid on March 31, 2027.
Meanwhile, through a statement, the company specified that the transaction closed with an asset valuation of UF 2,650,000 (approximately US$113 million), an equity value of UF 1,917,875 (approximately US$82 million), and net financial debt of UF 732,125 (approximately US$31 million).
"With the completion of this transaction, our portfolio gains a consolidated asset with a privileged location in southeastern Santiago. Our focus now will be to work on a plan to strengthen the asset's value proposition for the benefit of the neighboring communities," said Eduardo Pérez Marchant, CEO of Parque Arauco.
The shopping center has approximately 47,000 m² of Gross Leasable Area…
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Pulso The company specified that the transaction closed with an asset valuation of UF 2,650,000 (approximately US$113 million). Comments Parque Arauco announced that it completed the purchase of Mall Paseo Quilín from the Cousiño Valdés family and businessman Sergio Mujica Charme, and that as of this October 1 it will assume full control of the shopping center located in the Peñalolén district. In an essential fact filed with the Financial Market Commission (CMF), the company specified that the transaction, which had been announced in May, was carried out at a price to be paid for the shares of UF 1,917,875 (about US$82 million), which will be subject to certain recalculations provided for in the contract. It also indicated that the price was paid and will be paid as follows: 60% of the price was paid on this date, at closing; and the remaining 40% will be paid on March 31, 2027. Meanwhile, in a statement, the company specified that the transaction closed with an asset valuation of UF 2,650,000 (approximately US$113 million), for an equity value of UF 1,917,875 (approximately US$82 million), and net financial debt of UF 732,125 (approximately US$31 million). "With the completion of this transaction, our portfolio gains a consolidated asset with a privileged location in the southeast of Santiago. Our focus now will be to work on a plan to strengthen the asset's value proposition for the benefit of neighboring communities," said Eduardo Pérez Marchant, CEO of Parque Arauco. The shopping center has approximately 47,000 m² of Gross Leasable Area (GLA) and is located at the corner of Américo Vespucio Sur and Avenida Quilín, with direct access to the Quilín station on Line 4 of the Metro, connectivity that will be enhanced by the AVO II highway projected for 2028, the company highlighted in the statement. Parque Arauco is a developer and operator of multi-format real estate assets with a presence in Chile, Peru, and Colombia. The company operates more than 1.3 million m² of leasable area in shopping centers (regional and neighborhood), strip centers, outlets, and multifamily buildings. More about: Parque Arauco Mall Paseo Quilín NEWSLETTER Pulso PM Monday to Friday, 12:30 PM The most relevant news on markets, companies, and business: timely information, context, and content to make better decisions. By subscribing, you are accepting the Terms and Conditions and Privacy Policies of La Tercera.