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Mallplaza Announces Strategic Expansion in Chile, Peru, and Colombia
- Mallplaza reported strong financial results in 1Q2025 with increased visitor flows, EBITDA, and adjusted FFO.
- The company acquired 11 Open Plaza assets in Peru in December 2024, solidifying its presence in Chile, Peru, and Colombia.
- CEO Fernando de Peña highlighted the company's growth strategy and its 37 shopping centers across 23 cities.
- Mallplaza diversified its spaces with a focus on essential trade, specialty retail, department stores, and food & beverage/entertainment sectors.
- In Chile, Mallplaza plans to expand through organic growth and brownfield projects, adding 125,000 m² of GLA at key locations.
- Mallplaza operates 15 assets in nine cities in Peru, with a shift towards experience-driven spaces and rebranding Open Plaza centers.
- In Colombia, Mallplaza is optimizing new assets and exploring M&A opportunities to expand its market share.
- The company aims to reduce convenience-focused spaces in Peru and enhance visitor experiences across all regions.
- Mallplaza continues to be a preferred choice for tenants, investors, and visitors due to its strong platform and global partnerships.
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