Mallplaza doubles down on Colombia: announces binding agreement with Pactia to acquire eight shopping centers

With this transaction, the company will surpass 2.5 million sqm of GLA and manage 45 assets across Chile, Peru, and Colombia.

Santiago, July 31, 2026. Mallplaza continues to make steady progress in its growth strategy and today announced the signing of a binding agreement with real estate fund Pactia to acquire eight Gran Plaza shopping centers in Colombia.

The acquisition includes assets that last year recorded nearly 57 million visitors and generated Net Operating Income (NOI) of approximately COP$111 billion (around USD $35.4 million) over the past 12 months.

The transaction value, subject to customary purchase price adjustments for this type of deal, amounts to COP$1,177,806,418,253 (approximately USD $376 million). Upon completion, it will become one of the most significant transactions in Colombia’s shopping center industry in terms of both number of assets and Gross Leasable Area (GLA).

“Growth is part of Mallplaza’s DNA, and under that premise we pursue strategic opportunities that strengthen our position as the leading platform in the Andean Region. We are very proud of this agreement with Pactia, as it reflects confidence in what Mallplaza is today and projects us into the future with 45 strategic assets across the Andean Region, 13 of which will be located in Colombia,” said Pablo Pulido, CEO of Mallplaza.

The eight new assets will allow Mallplaza to establish a presence in five new cities, while also adding three new assets in the capital, Bogotá, increasing the company’s catchment area to nearly 3.6 million Colombians. These properties, which will join the five urban centers Mallplaza already operates in Colombia (Mallplaza NQS in Bogotá, Mallplaza Cali, Mallplaza Cartagena, Mallplaza Manizales, and Mallplaza Buenavista in Barranquilla), will contribute 180,000 sqm of GLA, bringing the company’s total footprint in Colombia to more than 460,000 sqm of GLA and its regional portfolio to more than 2.5 million sqm of GLA. As a result, Colombia will account for 18.4% of the company’s total Gross Leasable Area.

“Colombia is and will continue to be a highly attractive market for the company. Today, we are committed to strengthening our presence in the country by offering a robust, attractive, and people-centered proposition. We continue to evolve alongside cities, with the conviction of contributing to the economic, urban, and social development of these communities,” added Pulido.

The closing of the transaction remains subject to the completion of customary conditions precedent for this type of operation and approval by the Colombian regulatory authorities.