Chile's Cencosud Announces Plan to Move Real Estate Division Offices to Basement of Unfinished Costanera Project

Cencosud S.A., one of Latin America's largest retailers, with 2008 revenues totalling US$10 billion, announced plans to move its real estate division into the basement its unfinished US$600 million mega-development, the Costanera Center, a project that has been dormant since the outbreak of the 2008 finanical crisis.