Chilean retail operator Mallplaza has reached an agreement to purchase eight “Gran Plaza” shopping centers in Colombia from Pactia for US$376 million. The acquisition encompasses approximately 180,000 square meters of leasable space. Mallplaza, which is linked to the Falabella group, anticipates completing the transaction in the second half of the year. This deal signifies a significant expansion for Mallplaza within the Colombian market. The purchase strengthens Mallplaza’s position as a leading shopping mall operator in Latin America. The move reflects continued investor confidence in the Colombian retail sector despite economic challenges. Pactia will transfer control of the malls to Mallplaza upon finalization of the agreement.