Best managed Andean corporate

Jul 1, 2014

Parque Arauco goes from strength to strength, with excellent management in booming markets

Parque Arauco plans to keep on growing strong. And given the groundwork it has laid, the Chilean firm, which develops and operates shopping malls, seems well-placed to do just that. The company has a $900 million growth plan for the next few years in Chile, Peru and Colombia.

"We want to combine a very aggressive and ambitious growth strategy with a financially sound and conservative strategy," says Juan Antonio Álvarez, chief executive officer.

"The markets in these countries are growing fast, and are still underpenetrated compared to developed markets," he says. He points in particular to Peru, which the firm entered in 2006, and to Colombia, which it entered in 2008.

But Parque Arauco wins this award, not just for a strategy that has placed it beyond its already developed home market and into other fast growing markets. The...

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