Chile · Retail
Key Facts
- Deal value — about US$376 million for eight Gran Plaza malls.
- New space — 180,000 square metres of gross leasable area added.
- Colombia reach — footprint grows from five to 13 shopping centers.
- Regional scale — total portfolio rises to 45 assets across three countries.
- Visitor draw — the acquired malls logged 57 million visits in a year.
- Income base — trailing 12-month NOI hit COP 111 billion (about US$21.7 million).
- Seller — Pactia, the Colombian real estate group behind the Gran Plaza brand.
Chilean operator expands from five to 13 centers in Colombia, betting on consumer growth and regional synergies.
Mallplaza Colombia is set to grow sharply after the company agreed to buy eight shopping malls from Pactia for about US$376 million. The deal adds 180,000 square metres of leasable space, lifting the Chilean operator’s Colombian footprint from five to 13 centers. For investors, it signals a bold bet on Colombian consumer demand and a push for regional scale. Mallplaza Colombia now becomes a core pillar of your Latin American retail play.
A Binding Agreement With Pactia: Mallplaza Colombia
Mallplaza signed a binding agreement with Pactia on 31 July 2026, Reuters reported. The price of COP 1.1778 trillion (about US$376 million) is subject to customary adjustments at closing.
The eight Gran Plaza centers are spread across Colombia. They bring roughly 180,000 square metres of gross leasable area to Mallplaza’s portfolio.
This is Mallplaza’s largest acquisition in Colombia to date, Emol noted. It nearly triples the company’s local presence in one stroke.
Why Colombia Matters
Colombia has become a bright spot for retail real estate in Latin America. Urbanisation is steady, and consumer spending is holding up despite regional challenges, according to Portafolio.
The acquired malls attracted about 57 million visitors over the last year, Mallplaza said. Their operating income reached COP 111 billion (about US$21.7 million) in the trailing 12 months.
That visitor base gives you a reliable rental stream and a platform for commercial growth. Mallplaza plans to modernise the offer and lift productivity per square metre, CEO Pablo Pulido told MediaBanco.
Building a Regional Platform
The purchase expands Mallplaza’s total portfolio to 45 assets across Chile, Peru, and Colombia. This scale creates synergies in leasing, marketing, and operations, the company said.
Pulido said the deal will let Mallplaza grow future expansions and transform the commercial offer. He aims to capture synergies that raise productivity per square metre, he told DF.cl.
For you as an investor, bigger scale often means better negotiating power with tenants and lower relative costs. That can protect margins even when sales growth slows.
What Comes Next
The deal still needs regulatory approvals and other closing conditions. Mallplaza expects to finalise it later this year, subject to those clearances.
Pactia, the seller, is a Colombian group that developed the Gran Plaza brand. It has been streamlining its assets to focus on other ventures, according to Mayans Magazine.
Once closed, Mallplaza will operate 13 centers in Colombia, making it one of the country’s largest mall operators by count. That position could attract anchor tenants and boost occupancy.
Why You Should Care
If you live in or invest in Latin America, this deal changes the competitive picture in Colombian retail real estate. Mallplaza’s larger footprint means more choices for shoppers and stronger competition for local rivals.
For your portfolio, the acquisition adds a diversified, income-producing asset base in a growing economy. With 57 million visits a year, these malls aren’t speculative; they already have proven foot traffic and cash flow.
Watch the closing. If it goes through smoothly, Mallplaza Colombia could become a revenue driver that supports dividends and further expansion across the region.
Frequently Asked Questions
What did Mallplaza buy in Colombia?
Mallplaza agreed to buy eight Gran Plaza shopping malls from Pactia for about US$376 million. The purchase adds 180,000 square metres of leasable space.
How many malls will Mallplaza have in Colombia after the deal?
Mallplaza will operate 13 shopping centers in Colombia, up from five before the deal. The company’s regional total rises to 45 assets.
What are the financial details of the acquired malls?
The eight malls drew about 57 million visitors in the last year. Their net operating income reached COP 111 billion (about US$21.7 million) over the last 12 months.
Why is this acquisition important for investors?
It gives Mallplaza scale and synergies in Colombia, a growing consumer market. The proven visitor numbers and income stream reduce risk, while the larger platform can boost profitability.
Connected Coverage
Sources: Mallplaza; La Tercera; Bloomberg Línea
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