The Las Malvinas commercial cluster reported a 20% growth during the first half of 2026, according to César Vásquez, representative of the Frente Empresarial de Las Malvinas. This expansion is driven by the operation of the Chancay megaport and an influx of Chinese importers, shifting the emporium from a domestic consumption market to a regional export hub serving Bolivia, Ecuador, Chile, and Argentina.
Why is Las Malvinas expanding its product offer?
The operation of the Chancay megaport has streamlined the import of high-tech merchandise, which is now being sold directly for export. According to Vásquez, the current inventory includes industrial drones, long-duration solar lighting, and electronics powered by artificial intelligence (AI).
Chinese merchants are actively establishing a presence in the area by purchasing premises to open exclusive stores for Chinese products. This shift reflects a broader transition in the profile of the emporium, which consists of 90,000 merchants across 63 markets, galleries, and fairgrounds.
How is the construction sector impacting sales?
Hardware and electrical products make up 75% of the cluster’s offer. Vásquez stated that the increase in demand for these products is a direct reflection of growth in the construction sector, as detailed in reports from Capeco.
This demand has remained steady despite the current electoral climate. According to the Frente Empresarial de Las Malvinas, there is a continuous increase in the number of stores being rented or sold.
What is happening with real estate and rents?
Occupancy in major commercial complexes like Nicolini and La Bellota has reached 100%. Vásquez noted that these galleries have now surpassed the financial losses incurred during the pandemic.
Monthly rents for stands in the hardware segment have returned to pre-pandemic levels, currently ranging between US$ 3,000 and US$ 4,000. To absorb this saturation, new projects have emerged, including the recently inaugurated La Bellota 3 and Plaza Ferretero 2.
What happens next for the cluster’s growth?
The emporium may expand beyond the 8th block of Avenida Argentina and into parallel streets. Future projects could likely include a combination of commercial spaces and warehouses to handle increased inventory.
Vásquez discounted the possibility that nearby residential projects would limit this development. He noted that residential investments are currently focusing on Avenida Colonial and Avenida Venezuela rather than the immediate cluster area.
Frequently Asked Questions
What is the current growth rate of Las Malvinas?
The emporium reported a 20% growth during the first half of 2026.
Which countries are importing products from Las Malvinas?
According to César Vásquez, there is demand and orders coming from Bolivia, Ecuador, Chile, and Argentina.
What percentage of the offer is linked to construction?
Hardware and electrical products, which are tied to construction works, represent 75% of the cluster’s offer.
Do you believe the integration of AI-powered products will permanently change the commercial profile of traditional emporiums?
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