SANTIAGO, Chile--(BUSINESS WIRE)--Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque Arauco”) announces the inauguration of Arauco Premium Outlet Coquimbo in the Coquimbo Region in the North of Chile.
Arauco Premium Outlet Coquimbo is Parque Arauco’s fourth Premium Outlet in Chile and required an investment of 309,000 UF (approximately US$ 11 million). The 6,000 m2 GLA Premium Outlet located outside the city of Coquimbo is the first Premium Outlet in its region. The Premium Outlet has 25 stores, including well-known brands such as Adidas, Banana Republic, Brooks Brothers, The North Face, Puma and Gap, among others.
Parque Arauco has 818,500 m2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2005 and Colombia in 2008. The company’s assets include six regional shopping centers, three premium outlet malls and eleven strip centers in Chile; six regional shopping centers, six neighborhood centers, two premium outlet malls and two strip centers in Peru; and two regional shopping centers in Colombia as well as a large land bank to support the company’s future growth plans. For more details, visit the company’s website: www.parauco.com.