SANTIAGO, Chile--(BUSINESS WIRE)--Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque Arauco”) announces the inauguration MegaPlaza Express Jaen.
MegaPlaza Express Jaen is a 14,500 m2 neighborhood shopping center in the city of Jaén, in the north of Peru. The shopping center will host stores such as Promart, Plaza Vea, Movietime and Estilos as well as 25 smaller stores in the mall.
With the opening of this neighborhood shopping center, Parque Arauco demonstrates its dedication to developing in Peru, as the company now has a total 7 neighborhood shopping centers and 17 assets in the country.
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.