Mallplaza stock expands Peru portfolio with first Premium Outlet

Published on 11/03/2026 at 01:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mallplaza stock is gaining a new retail format in Peru with its first Premium Outlet in Atocongo. The company is also preparing further expansion.

Mallplaza expands Peru retail formats

Mallplaza opened its first Premium Outlet in Peru as part of its regional redevelopment strategy.
The company is also preparing additional retail space at Mallplaza Trujillo, with an initial opening planned for December and full completion targeted for 2027.
The outlet strategy broadens Mallplaza's portfolio beyond conventional shopping-center operations.

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Mallplaza has opened its first Premium Outlet in Peru, adding a discount-focused retail format to its shopping-center portfolio. Retail & Leisure International reported the opening on October 29.

Outlet format targets Peruvian shoppers

The Atocongo complex in southern Lima was converted from a former Open Plaza site into a permanent discount-retail destination. It offers about 37,500 square meters of gross leasable area and launched with more than 25 brands across fashion, footwear and accessories.

Mallplaza plans to add eight more openings, including Top Brands stores featuring labels such as Calvin Klein, Tommy Hilfiger and Karl Lagerfeld. The operator is also considering applying the format to the former Open Plaza La Marina, supporting its redevelopment strategy in Peru.

Trujillo adds another growth option

The Peruvian operation is preparing an additional 7,500 square meters at Mallplaza Trujillo. The first stores are expected to open in December, while the full opening is projected for 2027, giving the company another staged development project in the market.

For investors, the outlet rollout points to a strategy built around adapting existing retail assets and adding differentiated formats. Execution, tenant uptake and customer traffic will determine how effectively the projects contribute to occupancy and rental income.

Mallplaza's regional business

Mallplaza is a Chilean holding company that develops and operates shopping centers and related retail formats. Its portfolio includes assets in Chile and Peru, while the company is expanding its presence through outlet conversions and redevelopment projects. The Peru initiatives position Mallplaza as a regional retail-property operator focused on combining shopping centers with specialized formats.