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Chilean shopping mall developer Parque Arauco has finalized the acquisition of the Parque Chicureo project, a planned shopping center in Colina, in the Metropolitan Region. the deal, valued at approximately $106 million USD (UF 2.3 million as of January 31, 2026), strengthens Parque Arauco’s presence in the northern Santiago area.
Parque Arauco Acquires Parque Chicureo
The acquisition was completed with Fondo de Inversión Link - Parque Chicureo, which is associated with EBCO Desarrollo y Ventas, EuroAmerica, penta Vida, and Link Capital Partners. EBCO had previously anticipated completing parque Chicureo and Plaza Franklin this year, with Parque Chicureo now falling under Parque Arauco’s ownership.
Project Details and Timeline
Parque Chicureo is slated to open during the second half of 2026 and will operate under the name Arauco Chicureo. The shopping center will encompass approximately 40,000 square meters (approximately 430,556 square feet) of retail space, housing over 100 stores.
Confirmed anchor tenants include Homecenter Sodimac and Líder supermarket. Parque Arauco plans to add a variety of smaller shops, a food court, gyms, and medical facilities in 2027.
Strategic Importance for Parque Arauco
According to Eduardo Pérez Marchant, General Manager of Parque Arauco, the acquisition is a strategic move to capitalize on the growth potential of Colina. “The acquisition of Parque Chicureo reinforces our presence in the northern zone of santiago, in a commune with demonstrated potential for urban development,” Pérez Marchant stated in a company press release. ”This asset will be a relevant project for the Colina community, with a commercial, gastronomic, and service offering led by widely recognized brands, allowing us to continue growing responsibly through a high-quality asset, generating long-term value for our shareholders.”
Key takeaways
- Acquisition Value: $106 million USD (UF 2.3 million).
- Opening Date: Second half of 2026.
- Location: Colina, Metropolitan Region, Chile.
- Size: Approximately 40,000 square meters (430,556 square feet).
- Anchor Tenants: Homecenter Sodimac,Líder supermarket.
This acquisition signals Parque Arauco’s continued expansion and investment in the Chilean retail market. The development of Arauco Chic