Headline: Parque Arauco Acquires Stake in Titán Plaza Shopping Center
Acquiror: Parque Arauco
Target: Titán Plaza Shopping Center
Target Services: Shopping Center Ownership
Valuation: $34 m
Continent: South America
Target Industry: Real Estate
Rationale: The acquisition is aligned with Parque Arauco’s growth strategy and strengthens its presence in the city.
Summary: Parque Arauco, through its subsidiary Parque Arauco Colombia SAS, has finalized an agreement to acquire a 51% stake of an investment vehicle that owns approximately 19,000 m2 of the iconic Titán Plaza Shopping and Business Center in Bogotá.