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Parque Arauco will have a purchase option for the remaining 49% for a period of 30 months, after 24 months from the closing date of the agreement.

Parque Arauco’s Colombian operations accounted for 14.2% of its revenues in the second quarter of 2018, according to the firm.

The Washington-based Green Building Certification Institute has awarded its LEED "gold" certification to Parque La Colina.

Nautica, owned by the VF Corporation, already has two stores in Bogotá, one in Medellín, and one in Cali.

Clothing retailer H&M recently announced that it plans to open its second store in Colombia on May 27 in Chia, a suburb just north of Bogotá.

Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) announced that last month it completed the acquisition of the remaining 45% equity interest in Inversiones Inmobiliarias Arauco Alameda S.A.S (“IARA”), paying Grupo Bancolombia (“Bancolombia”) COP 222,489 million. Parque...