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Mallplaza

Mallplaza is a South American shopping-mall chain operated by Falabella, with regional retail and entertainment centers in Chile, Peru, and Colombia.

Last updated August 22, 2026

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Overview

Mallplaza is a shopping-mall brand and operating business associated with Chilean retail group Falabella. Its portfolio consists primarily of large regional malls in South America, designed to combine department stores, hypermarkets, specialty retail, dining, entertainment, and other services in high-traffic commercial destinations. The malls commonly use a multi-anchor format, with Falabella department stores and Tottus hypermarkets serving as important internal anchors alongside third-party retailers. The brand is rooted in Chile, where it developed a network of major shopping centers serving metropolitan and regional markets. Its expansion extended into Peru and Colombia, giving Mallplaza a cross-border presence within the Pacific-facing South American retail corridor. In Peru, several locations previously operated under the Mall Aventura Plaza name before being brought under the Mallplaza identity in 2016. This rebranding aligned the Peruvian assets more closely with the broader Falabella mall portfolio. Mallplaza's business model is based on operating and commercializing physical retail destinations rather than selling a single consumer product. Revenue-generating components typically include leased retail space, anchor tenants, restaurants, entertainment operators, services, and other visitor-oriented offerings. The centers are positioned as places for shopping and social activity, reflected in brand messages such as "Hay vida en tu plaza" ("There's life in your plaza"), "Más vida a tu vida" ("More life to your life"), and "Dale vida a tu plaza" ("Give life to your plaza"). These themes emphasize the mall as a place for everyday life, leisure, and community interaction rather than only transactional shopping. The chain's Chilean footprint has been described as comprising 11 locations, while the referenced material identifies four Peruvian locations and a Colombian portfolio. The Colombian presence includes malls in Bogotá, Cali, Villavicencio, Cartagena, and Barranquilla, although the supplied source material presents different counts for the Colombian network at different points. The Colombian sites include Mallplaza NQS, formerly Centro Comercial Calima, as well as Mallplaza Cali, Mallplaza Villavicencio, Mallplaza Cartagena, and Mallplaza Los Rios. Mallplaza operates within Falabella's broader ecosystem, which includes department stores, supermarkets, financial services, and other retail businesses. This relationship supports tenant integration and cross-shopping, particularly through Falabella and Tottus locations inside or associated with Mallplaza properties. The brand therefore functions both as a property and retail-platform business and as a physical distribution channel for businesses in the Falabella group. The available reference material does not establish a founding year, founder, headquarters address, current executive roster, financial results, or a definitive corporate listing status for Mallplaza itself. It does establish that Falabella has used the Mallplaza brand for a large and expanding South American mall network and that the business remains active in Chile, Peru, and Colombia.

History

Mallplaza is a Chilean mall chain operated within the Falabella group. Its development reflects the expansion of large, integrated shopping centers in South America, where regional malls became important platforms for department stores, supermarkets, specialty retailers, restaurants, entertainment businesses, and services. The network was established in Chile and developed a multi-anchor format. Falabella department stores and Tottus hypermarkets are among the group businesses associated with Mallplaza properties, while the centers also accommodate independent and international tenants. The format allows the malls to serve both as retail destinations and as broader social and leisure spaces. Mallplaza's brand language has repeatedly emphasized this role through slogans centered on bringing life, activity, and community to the plaza. The company later expanded beyond Chile into Peru and Colombia. In Peru, four locations had previously used the Mall Aventura Plaza name. These properties were rebranded as Mallplaza in 2016, bringing them into a more unified regional identity. The Peruvian operations formed part of Falabella's wider effort to use its retail, property, and consumer ecosystem across multiple South American markets. Colombia became another important area of expansion. The referenced material identifies Mallplaza properties in Bogotá, Cali, Villavicencio, Cartagena, and Barranquilla. Mallplaza NQS in Bogotá was previously known as Centro Comercial Calima. The available source text gives differing portfolio counts for Colombia, suggesting that the number may vary by reporting date or by whether developments and operating centers are counted separately. The network has also been linked to Falabella's broader expansion plans. A historical reference describes a Falabella plan to open 40 new locations within 2011, including growth in Peru and entry into Colombia and Argentina. The same material notes the launch of Falabella's 45th store at Mallplaza in September 2017, illustrating the integration between the mall platform and the group's department-store business. Mallplaza's operating model is based on managing commercial destinations and attracting tenants and visitors, rather than manufacturing branded goods. Its properties generally rely on a mix of anchor stores, specialty retail, food and beverage, entertainment, and services. This diversified tenant structure helps the centers serve regional catchment areas and gives Falabella a physical platform for its own retail formats. The supplied references do not provide a verified founding date, original founder, current management list, headquarters address, financial statements, or detailed ownership structure beyond the connection with Falabella. The documented history nevertheless establishes Mallplaza as an active Falabella-operated shopping-mall network with operations in Chile, Peru, and Colombia.

  • 2017

    Falabella opened its 45th store at Mallplaza

    [1]

    The reference material records the launch of Falabella's 45th store at a Mallplaza property in September 2017, highlighting the operating relationship between the department-store business and the mall network.

  • 2016

    Peruvian malls adopted the Mallplaza identity

    [1]

    Peruvian locations that had operated under the Mall Aventura Plaza name were brought under the Mallplaza brand, unifying their identity with the wider Falabella mall network.

  • 2011

    Falabella expansion plans included new mall locations

    [1]

    A historical reference described Falabella plans to open 40 new locations during 2011, including expansion in Peru and entry into Colombia and Argentina. The material presents this as part of the group's broader retail and property expansion.

Products and positioning

A large-format regional mall network that combines shopping, dining, entertainment, services, and social activity, supported by Falabella's department-store and hypermarket ecosystem.

  • Shopping malls

    Mallplaza regional shopping malls

    Large regional commercial centers operated by Mallplaza across Chile, Peru, and Colombia. These properties typically combine department stores, hypermarkets, specialty retail, restaurants, entertainment, and services. Their purpose is to attract visitors from broad geographic catchment areas and provide a consolidated destination for shopping and leisure.

  • Anchor retail

    Falabella department-store anchors

    Falabella department stores are important anchor tenants or associated retail facilities within the Mallplaza ecosystem. They provide broad merchandise assortments and help generate recurring traffic for the surrounding specialty-retail, dining, and entertainment tenants.

  • Grocery and hypermarket retail

    Tottus hypermarket anchors

    Tottus hypermarkets form another part of the Falabella retail ecosystem present in or associated with Mallplaza properties. Their grocery and general-merchandise offer contributes frequent everyday visits and complements the more discretionary shopping and leisure uses of the malls.

Sources1 sources

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