Parque Arauco's board has called a shareholders' meeting for February 24, 2026, to approve a capital increase of up to US$330 million aimed at expanding operations. This initiative allocates up to 10% of the amount to executive compensation plans. The company aims to bolster growth in shopping centers and real estate in Chile, Peru, and Colombia.
The board of Parque Arauco, a leading shopping center operator, has resolved to convene an Extraordinary General Shareholders' Meeting on February 24, 2026. At this gathering, a capital increase of up to approximately US$330 million, or about $285,000 million Chilean pesos, will be proposed to drive the company's future development in the Andean region. This capitalization aims to fund key expansions while upholding a sustainable growth strategy, supported by internal resources and prudent debt. Up to 10% of the funds will be set aside for incentives to attract and retain essential executive talent. Over the past five years, Parque Arauco has invested nearly US$930 million in flagship projects, including expansions of Parque Arauco Kennedy in Chile and Megaplaza Independencia in Peru, as well as acquiring assets like Minka in Peru and Parque Fabricato in Colombia. The firm has also ventured into the multifamily sector across the three countries. For the next five years, plans encompass mall enlargements, real estate developments, and residential initiatives. Highlighted projects include office and housing towers in Chile, the Megaplaza Independencia extension, the Ciudad del Río project in Colombia, and the Arauco Premium Outlet Buin. “This capital increase, complemented by our own resource generation and responsible indebtedness, strengthens our ability to seize growth opportunities that add value to shareholders,” stated Eduardo Pérez Marchant, CEO of Parque Arauco. This move underscores the company's faith in the regional real estate market's potential, amid economic challenges.