The investment in shopping centers In Peru it will reach S/3,308 million between 2024 and 2025, according to the Association of Shopping and Entertainment Centers of Peru (Accep).
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Of the total amount, S/2,315 million will be allocated to expansions and remodeling, while S/994 million will be invested in the construction of new establishments.
Among the main investments are Parque La Molina, developed by Parque Arauco; Power Center KM40, which features the participation of former soccer player Jefferson Farfán; and Boulevard Puntamar, from the Algaciras Group. These three projects are expected to open their doors at the end of this year.
Looking ahead to 2025, the general manager of Accep, José Contreras, announced that Cenco Malls is preparing a new project in the San Juan de Lurigancho district, in Lima.
“Currently, engineering and design work is being carried out for new shopping centers, which would be located in the Lima districts of San Borja and Miraflores. Several investment groups have shown interest and the municipalities are already granting the necessary licenses for construction,” said Contreras.
Other districts of Lima that are attractive for the development of shopping centers are Puente Piedra, Jesús María, Lince, Magdalena, Pueblo Libre, San Miguel and Surquillo. At the national level, there are also opportunities in Huaraz and Tacna.
For her part, the president of the Retail and Distribution Guild of the Lima Chamber of Commerce (CCL), Leslie Passalacqua, pointed out that Peru is a very attractive country for investment in this sector. As an example, he mentioned that four luxury brands are already preparing to enter a mall in the capital.
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“This is a growing sector, although sometimes investments are affected by general elections. In the region we compete with countries like Argentina, which faces difficulties, as well as Colombia, Ecuador and Chile, which already have several established brands,” commented Passalacqua.
In this context, he indicated that investors are attentive to the results of the elections and the proposals of the candidates, which will influence their decisions to continue betting on the country.
Perspectives
Beyond investments, Accep projects that sales in shopping centers will grow by 6.9% this year and will reach S/35,432 million. Likewise, the number of monthly visitors is expected to increase from 54,953 in 2023 to 58,623 in 2024.
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