Mallplaza, a Chilean chain of malls operated in South America, agreed to acquire operations in Perú from Falabella, a multinational chain of department stores, for $848m. “In line with our objective of becoming increasingly streamlined and efficient in our structure and operation, this transaction will allow us to consolidate our real estate operations in Peru under a single company. This reorganization will benefit both companies,” Alejandro González, Falabella Chief Executive Officer.