Mall Plaza has placed 12.5% of its shares in an Initial Public Offering

July 2018 — Plaza S.A. has completed an IPO for 12.25% of the property of Mall Plaza for US$530 million.

Mall Plaza is a shopping center group operating in Chile and Colombia, and also under the Autoplaza and Motorplaza brands in Chile and Peru, respectively. Currently, the company operates 20 malls with a total leasable area of 1,570,000 m2 in more than 3,700 locations.

Plaza S.A. is the holding company that comprises all the companies that own the malls operating under the Mall Plaza brand. Plaza S.A. develops, builds, administers, manages, exploits, leases and sublets premises and spaces in shopping centers. Its business model is characterized by delivering a comprehensive offering of goods and services in world-class malls designed as modern, welcoming and attractive public spaces, making them important shopping and socialization centers for the inhabitants of their areas of influence.The main commercial operators present in each country, leaders in their categories, participate in the Mall Plaza shopping centers with sizes and formats that optimize their commercial management, generating a portfolio of highly diversified real estate income.

Our role in the transaction

Oaklins' team in Chile advised Plaza S.A. in this transaction.