The opening of the new El Palacio de Hierro store in Mexico City, at the site once occupied by the Moliere 222 shopping center has created a milestone in the development of luxury department stores worldwide. With an investment of US$300 Million, the new Palacio de Hierro Polanco is not only very large but also

A GREAT YEAR AHEAD 2016 seems to bring good prospects for the Latin American shopping center industry. Conservatively, we estimate that this year over 100 new shopping centers will be open throughout Latin America, representing a total investment of approximately US$4,000 billion, which represents a regional increase of just over 6%  in total GLA .