SANTIAGO, Chile--(BUSINESS WIRE)--At Parque Arauco we are closely monitoring the circumstances and impact of the global outbreak of Covid-19 (coronavirus) on our business, prioritizing the health, safety and security of our customers, clients and employees during this time. We would like to take this opportunity to provide an update on the status of the openings in our shopping malls.
On average, during the month of July and using the total Gross Leasable Area (GLA) that we have available to rent, our assets in Chile had approximately 74% of its GLA open to the public. The same figures for Peru and Colombia were 71% and 86%, respectively. On a consolidated basis, Parque Arauco had approximately 75% of its GLA open to the public on average during July 2021.
Below is a table with a consolidated view of these figures:
| July Average | Chile |
Peru |
Colombia |
Consolidado |
|||
| GLA open (m2, thousands) | 377 |
287 |
132 |
797 |
|||
| Total GLA (m2, thousands) | 509 |
406 |
155 |
1069 |
|||
| % Open/Total | 74% |
71% |
86% |
75% |
In the beginning of the pandemic, we created an action plan with three pillars: care for people, operational continuity, and financial strength. We continue to maintain our focus on complying with sanitary restrictions, in order to take care of our clients, tenants, suppliers and collaborators, reinforcing our focus on opening our locations as soon as possible.
This information will be posted on our website under the News section.
Currently, Parque Arauco has 1,068,500 m2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2006 and Colombia in 2010. The company’s assets include 8 regional shopping centers, 1 neighborhood shopping center, 4 premium outlet malls and 18 strip centers in Chile; 6 regional shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3 strip centers in Peru; 3 regional shopping centers and 1 premium outlet mall in Colombia, as well as a landbank to contribute to the company’s future growth plans. For more details, visit the company’s website: www.parauco.com.
