Youtopia Vitacura has completed a finance structuring

Youtopia Vitacura SpA. has raised funds to finance a new project.

Youtopia was born in 2015 with the opening of Youtopia Trapenses, a club that came to revolutionize the wellness industry in Chile. The added value that the company offers lies in its integral service with personalized plans, with access to fitness programs, swimming pool, studios, spa, therapy and deli, among others. The Youtopia group is comprised of three business units: Youtopia Holding, which develops and operates its own clubs and, in future, those of third parties; Youtopia Trapenses, a club that opened in 2015 and in 2019 had 1,850 members; and Youtopia Vitacura, a new project to be financed. The project was awarded a 40-year concession in 2019. It includes three stages: remodeling the club to be able to have 3,100 members, a new wellness clinic and the construction of 600 subway parking spaces. This will take place in the former Balthus Vitacura, located in the BordeRío sector.

Oaklins’ team in Chile acted as financial advisor to Youtopia to carry out the structuring of the financing of the three stages of the Youtopia Vitacura project.