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Parque Arauco Inaugurates Neighborhood Shopping Center in Antofagasta, Chile

October 3, 2018

SANTIAGO, Chile--(BUSINESS WIRE)--Oct 3, 2018--Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque Arauco”) announces the inauguration of Parque Angamos, its first neighborhood shopping center in Chile.

Located in the southern sector of Antofagasta, Parque Angamos is a 11,000 m 2 neighborhood mall with a variety of stores, including Jumbo and Casaideas, as well as a Sportlife gym and a medical center. The shopping center required a total investment of 811,000 UF (approximately US$ 34 million).

The addition of Parque Angamos rounds out Parque Arauco’s portfolio in northern Chile, which already included an Arauco Premium Outlet in Coquimbo and Arauco Express strip center in Antofagasta.

Parque Arauco has 1,028,500 m 2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2005 and Colombia in 2008. The company’s assets include 7 regional shopping centers, 1 neighborhood center, 4 premium outlet malls and 14 strip centers in Chile; 6 regional shopping centers, 10 neighborhood centers, 2 premium outlet malls and 3 strip centers in Peru; 3 regional shopping centers and 1 premium outlet mall in Colombia, as well as a land bank to contribute to the company’s future growth plans. For more details, visit the company’s website: www.parauco.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005652/en/

CONTACT: Parque Arauco S.A.

Tori Creighton, (56 2) 2299 0608

Head of Investor Relations

tcreighton@parauco.com

KEYWORD: UNITED STATES NORTH AMERICA SOUTH AMERICA CHILE NEW YORK

INDUSTRY KEYWORD: DEPARTMENT STORES REIT RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Parque Arauco S.A.

Copyright Business Wire 2018.

PUB: 10/03/2018 11:42 AM/DISC: 10/03/2018 11:42 AM

http://www.businesswire.com/news/home/20181003005652/en

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