Parque Arauco S.A. completed the acquisition of Residential rental business in Concón street, Estación Central district, Chile from BTG Pactual Chile S.A. Administradora General De Fondos - BTG Pactual Renta Residencial Fund.
March 23, 2023
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Parque Arauco S.A. (SNSE:PARAUCO) entered into a non-binding agreement to acquire Residential rental business in Concón street, Estación Central district, Chile from BTG Pactual Chile S.A. Administradora General De Fondos - BTG Pactual Renta Residencial Fund (SNSE:CFIBTGRRA) for $23 million on January 21, 2023. Parque Arauco S.A. (SNSE:PARAUCO) entered into an agreement to acquire Residential rental business in Concón street, Estación Central district, Chile from BTG Pactual Chile S.A. Administradora General De Fondos - BTG Pactual Renta Residencial Fund (SNSE:CFIBTGRRA) on March 20, 2023.
Parque Arauco S.A. (SNSE:PARAUCO) completed the acquisition of Residential rental business in Concón street, Estación Central district, Chile from BTG Pactual Chile S.A. Administradora General De Fondos - BTG Pactual Renta Residencial Fund (SNSE:CFIBTGRRA) for $23 million on March 24, 2023.
Parque Arauco SA is a Chile-based company engaged in the real estate industry. The Company focuses on the acquisition, development and management of multi-format real estate assets, mainly for commercial use. The Company owns and operates various formats of shopping centers, such as regional, neighborhood, outlet malls and strip centers. It rents commercial space to department stores, home improvement stores, supermarkets, restaurants, cinemas, as well as health centers, among others. Its projects portfolio comprises Parque Arauco Kennedy, Arauco Chillan, Arauco San Antonio, Larcomar, Parque Lambramani and Parque Caracoli, among others. The Company is present in a number of Latin American countries, including Chile, Peru and Colombia.
Parque Arauco S.A. completed the acquisition of Residential rental business in Concón street, Estación Central district, Chile from BTG Pactual Chile S.A. Administradora General De Fondos - BTG Pactual Renta Residencial Fund.