Makro Real Estate Appeals to Chile Supreme Court Over Viña del Mar Dune Construction Limits

Makro Real Estate filed a cassation appeal with Chile's Supreme Court challenging the Viña del Mar Municipal Regulatory Plan that restricts construction on a dune. The Valparaíso Court of Appeals previously rejected claims of regulatory expropriation and the need for strategic environmental assessment. The outcome could set precedent for property rights versus environmental regulation in Chilean coastal zones.