RedMegacentro

About RedMegacentro

Red Megacentro S.A. operates as a key player in the industrial real estate sector, with a business model centered on the development and rental of logistics infrastructure. The company was founded in 1995 by construction company EBCO and its partners, Hernán Besomi, Germán Eguiguren, and Carlos Eguiguren, beginning with an industrial real estate property in Concepción, Chile. Hernán Besomi, a Civil Engineer from the University of Chile, comes from a family with a long history in construction and co-founded EBCO, bringing extensive industry experience that has shaped Megacentro's growth.

The company's revenue is primarily generated from leasing a diverse portfolio that includes large distribution centers, flexible warehouses, mini-storage units (under the "MiBodega" brand), and offices. This core business accounts for the vast majority of its EBITDA, secured by long-term contracts that provide stable income streams. To complement its real estate offerings, Red Megacentro has horizontally integrated to provide value-added services. This includes third-party logistics (3PL) through its former subsidiary Megalogística, and formerly included document management via MegaArchivos, which was sold in 2022 to focus on the core business. The company also operates MegaFrío for refrigerated and frozen storage and distribution. Its clientele is broad, ranging from individuals and SMEs needing self-storage to large corporations requiring built-to-suit distribution centers.

A significant aspect of Red Megacentro's strategy is urban recycling, where it transforms disused industrial sites into modern business hubs, a practice that began with its first projects in Santiago. This commitment to sustainable development is further evidenced by its B Corporation certification, first obtained in 2019 and subsequently renewed, reflecting its dedication to social, environmental, and economic performance. The company's expansion has been notable, growing from a single property to over 60 locations across Chile, Peru, and the United States (Florida and Texas). Key milestones include its entry into Peru in 2011, the USA in 2013, a significant capital increase with the entry of Inversiones Siemel S.A. as a partner in 2018, and registering as a securities issuer with Chile's CMF in 2019.