Cencosud Installs Team in Costanera Center Site to Study Restart

By Nathan Gill
Oct. 19 (Bloomberg) — Cencosud SA, Chile’s biggest retailer by sales, moved personnel into its Costanera Center site to evaluate resuming construction of the Santiago office tower and shopping center project.
“Cencosud has been continually studying the financial and economic conditions, both national and international, to decide the right time to reactivate the project,” it wrote in a statement posted today on the regulator’s Web site.
The Santiago-based company was responding to a request for information from the regulator following an Oct. 16 article in Chile’s El Mercurio newspaper.

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