February 1, 2021 |
Chilean shopping mall operator Parque Arauco said it has sold a 49% stake in two shopping malls in Colombia for COP588 billion ($165 million) to an investment fund owned by the local division of Peru's Credicorp, a financial services company.
The deal brings on the INMOVAL investment fund as a partner in the Parque La Colina mall in Bogotá and the Parque Caracolí mall in Floridablanca, Santander, with Parque Arauco holding the other 51%, the latter said in a press release. Parque Arauco added th
Chilean shopping mall operator turns a $52 mln profit in the deal