Mallplaza expands in Colombia

Mallplaza expands in Colombia

M&A Chile Colombia Peru Latin America

Chilean shopping mall operator Mallplaza said it has closed a deal to buy Calima, the third-biggest shopping mall in Colombia, for $128 million, its fourth shopping center in that country. The company, owned by Chilean department store operator Falabella, entered into an agreement to buy the busy Bogotá mall in early August, expanding on its assets in Barranquilla, Cartagena and Manizales, according to a securities filing issued late on Wednesday. Mallplaza CEO Fernando de Peña said the acquisit

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