Sep 14 2021
Parque Arauco confirmed that its Colombian subsidiary will be in charge of operating the new Plaza Fabricato complex. The commercial complex, which has been under construction for about two years, had an investment of 200 million dollars.
“This transaction strengthens our presence in Colombia and marks our arrival in Medellín, the second largest city in Colombia. Parque Fabricato and Parque Alegra are expected to open in the fourth quarter of this year. As a consequence, at the end of the first quarter of 2022, Parque Arauco Colombia will have 68% more managed commercial area, going from 154,000 to 258,500 square meters “, informed Eduardo Pérez Marchant, CEO of Parque Arauco Internacional.
Fabricato Park, the shopping center built by the Fabricato textile company in its old facilities, will have international and national stores such as the giants Grupo Éxito, H&M and Decathlon. The complex of approximately 54,000 square meters of commercial space is located in the municipality of Bello, adjacent to Medellín.
Currently, Parque Arauco has 1,071,500 square meters of commercial area in Chile, Peru and Colombia. The company entered Colombia in 2008 and its assets in the country include 3 regional shopping centers, 1 premium outlet and a land bank for the company’s future growth plans in the country.
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