Mexico's Planigrupo to invest $164 mln over next 3 years
By Noe Torres
MEXICO CITY, July 12 (Reuters) - Mexican shopping mall operator Planigrupo LATAM plans to invest 3 billion pesos ($164 million) to develop 12 new projects over the next three years, company executives said on Tuesday.
The company has a portfolio of 29 commercial units in Mexico aimed at the middle class, and is looking to expand across the country's provinces, Chief Executive Elliott Bross said at a press conference.
Planigrupo, which went public two weeks ago, is also interested in expanding abroad in coming years, especially to Colombia, Peru and even Argentina, Bross said.
($1 = 18.3130 pesos) (Reporting by Gabriel Stargardter; Editing by Richard Chang)
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