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Parque Arauco Acquires a Controlling Stake in Parque Fabricato for USD 17 Million and Materializes Its First Investment in the Metropolitan Area of Medellín

SANTIAGO, Chile–(BUSINESS WIRE)–Parque Arauco S.A., through its subsidiary Parque Arauco Colombia S.A.S., announced an agreement to acquire a 51% stake in the fiduciary rights held by the fund, Fondo de Inversión Colectiva Inmobiliario INMOVAL (“INMOVAL”) in Parque Fabricato for USD 17 million. With this transaction, Parque Arauco transitions from an administrative role to becoming the majority owner of the asset located in the Municipality of Bello, in the metropolitan area of Medellín, Colombia.

INMOVAL, whose managing company is Credicorp Capital Colombia S.A., currently owns approximately 56% of the fiduciary rights of the Patrimonio Autónomo Locales (“PAL”), a debt-free investment vehicle that holds approximately 70% of the multi owner property of Parque Fabricato, which owns 39,700 m2 of ABL in the shopping center.

Once the agreed-upon conditions in the contract are met, Parque Arauco will pay INMOVAL an advance payment of COP 68,000 million (approximately USD 17 million). Subsequently, in 2026, Parque Arauco will pay INMOVAL a price adjustment based on the EBITDA of that same year, following the procedure agreed upon by the parties. With this transaction, Parque Arauco will consolidate the EBITDA generated by PAL, which amounts to COP 22,500 million annually (approximately USD 5.5 million).

Eduardo Pérez Marchant, CEO of Parque Arauco S.A., commented, “The early execution of this call option for Parque Fabricato allows us to materialize our first investment in one of the most important urban areas of Colombia, Medellín, with an asset we already know well. With this investment, we take another step in our strategy to incorporate iconic and high-quality multi owner shopping centers into our portfolio, which have privileged locations and excellent prospects for future growth. Additionally, we strengthen our commitment to the development of Colombia by adding this investment to those recently announced, such as the construction of Parque Alegra in the city of Barranquilla and the acquisition of a stake in Titán Plaza in the city of Bogotá.”

About Parque Fabricato

Parque Fabricato is a multi owner asset with approximately 57,000 m² of total leasable area (GLA), making it one of the most iconic shopping centers in the metropolitan area of Medellín. This asset has been managed by Parque Arauco since its inauguration in November 2021 and features important anchor stores such as Éxito supermarket, H&M, and Decathlon.

The asset holds the recognition of LEED Silver international certification, signifying its commitment to sustainability through energy-saving practices. Additionally, it has contributed to the economic vitality of the region, promoting economic growth in the Municipio de Bello and enhancing the lives of its residents through advancements in commerce, development, and entertainment.

About Parque Arauco

Currently, Parque Arauco has a total leasable area (ABL) of 1,124,500 m² in Chile, Peru, and Colombia. The company opened its first shopping center in Chile in 1982, expanded to Peru in 2005, and entered the Colombian market in 2008. For more details, please visit the company’s website:


Lauren Brown

Head of Investor Relations
(56 2) 2299 0608


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