Parque Arauco Signs Long Term Lease on Land in Puente Alto, Santiago

SANTIAGO, Chile--()--Parque Arauco S.A. (SSE: PARAUCO; Bloomberg: PARAUCO:CI) has signed a long term lease on a prime parcel of land in the center of Puente Alto, one of the fastest growing residential neighborhoods in Santiago. The property is located beside the Puente Alto municipality on Avenida Concha y Toro in the south east sector of Santiago. There is limited commercial offering currently available in the sector and the 42,000 m2 property will be used to develop a regional shopping center. The area of influence of potential customers within a 15 minute radius of the future project is estimated at 657,000 people from mostly middle class families.

Contacts

Parque Arauco S.A.
Samantha Zerbe, (56 2) 2299 0608
Head of Investor Relations
szerbe@parauco.com

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Contacts

Parque Arauco S.A.
Samantha Zerbe, (56 2) 2299 0608
Head of Investor Relations
szerbe@parauco.com