Mallplaza Closes Agreement for More than US$370 Million to Buy Eight Shopping Centers in Colombia
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Mallplaza, of the Falabella group, announced that it will buy eight commercial centers in Colombia, thus expanding its presence in that country. By means of an essential fact before the Commission for the Financial Market (CMF), it was explained that today the board of the socidad signed a binding agreement with Pactia, a Colombian real estate fund, to obtain the administration ... Continue reading "Mallplaza closes agreement for more than US$37…
Falabella's commercial center subsidiary announced the purchase of these assets that operate in Colombia under the brand "Gran Plaza". Mallplaza will add 5 new cities to its portfolio.
The Chilean company will strengthen its presence in the country with assets in five new cities and will raise its regional operation to 45 shopping centers
Mallplaza. Image: courtesy Mallplaza Mallplaza announced the signing of a binding agreement with the Pactia real estate fund for the acquisition of eight Gran Plaza shopping centers in Colombia. The purchase contemplates assets that last year represented a flow of visitors of about 57 million and a Neto Operational Income (NOI) in the last 12 months around $111 billion (approximately $35.4 million).
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