Parque Arauco S.A. - Introduction

Introduction

Avenida Kennedy 5413
Las Condes, Santiago
Chile
Telephone: ( + 56) 2 299-0500
Fax: ( + 56) 2 211-4077, 211-4131
Web site: http://www.parquearauco.cl

Public Company
Incorporated:
1981
Employees: 300
Sales: CLP 24.89 billion ($44.65 million) (2004)
Stock Exchanges: Santiago
Ticker Symbol: PARAUCO
NAIC: 531120 Lessors of Nonresidential Buildings; 531312 Nonresidential Property Managers

Parque Arauco S.A. is the one of the largest operators of shopping malls in Chile and Argentina. It manages two commercial centers in Santiago, the capital of Chile, and a third in Viña del Mar, the nation's chief beach resort. Through its holding in a similar Argentine company, Alto Palermo S.A., Parque Arauco has a stake in several shopping centers in Buenos Aires and provincial Argentine cities. The company receives revenues both in the form of rent and a percentage of the net sales of its retail tenants.