Parque Arauco S.A. (PARAUCO.SN)
- Business Wire
Parque Arauco Consolidates Growth Plan for Over US$ 500 Million, Announcing the First Multifamily Building Integrated Into a Shopping Center in Chile
SANTIAGO, Chile, April 29, 2024--Parque Arauco S.A. announced during the Annual General Shareholders' Meeting its strategy of expanding iconic assets, providing details of a new phase of expansion at its main asset, Parque Arauco Kennedy, in Chile, as well as the conversion and expansion project of its asset MegaPlaza Ica in Peru.
- Business Wire
Parque Arauco Acquires a Controlling Stake in Parque Fabricato for USD 17 Million and Materializes Its First Investment in the Metropolitan Area of Medellín
SANTIAGO, Chile, September 06, 2023--Parque Arauco S.A., through its subsidiary Parque Arauco Colombia S.A.S., announced an agreement to acquire a 51% stake in the fiduciary rights held by the fund, Fondo de Inversión Colectiva Inmobiliario INMOVAL ("INMOVAL") in Parque Fabricato for USD 17 million. With this transaction, Parque Arauco transitions from an administrative role to becoming the majority owner of the asset located in the Municipality of Bello, in the metropolitan area of Medellín, Co
- Business Wire
Parque Arauco acquires a stake in Titán Plaza, one of the most iconic shopping centers in Bogotá, for USD 34 million
SANTIAGO, Chile, August 25, 2023--As part of its growth strategy, Parque Arauco S.A. (PARAUCO.SN), through its subsidiary Parque Arauco Colombia SAS ("PACSAS"), announced the agreement for the acquisition of 51% of the fiduciary rights of an investment vehicle that owns approximately 19,000 m2 of Gross Leasable Area (GLA) of the Titán Plaza Shopping and Business Center in Bogotá, Colombia.
