Shopping Centers
67 Shopping Centers with a total of gross leasable area to third parties of
830,548 sqm and 677 employees
Our shopping center division represents approximately 1% and 8% of our revenues and adjusted EBITDA
respectively. Today we have presence in 4 countries; Chile, Argentina, Peru and Colombia. Costanera Center www.costaneracenter.cl was
inaugurated in June 2012, been the biggest shopping mall with a total of 326 stores and 140,000 square meters of
selling space, turning into a landmark in Santiago.
In June 2019, Cencosud successfully executed the initial
public offering (IPO) of its Shopping Centers division in Chile, Peru and Colombia, raising US$ 1,055 MM for a
27.7% ownership stake. Cencosud Shopping owns 39 properties: 33 in Chile, 2 in Peru and 4 in Colombia, as well as
3 plots of real estate: 1 in Chile and 2 in Peru.
Read
More