Logistic Properties of the Americas

Logistic Properties of the Americas Launches US$85 Million Development in Peru with Leading Local Institutional Investors

LPA launched Parque Logístico Panamericana Sur, a four-building, 1.1 million sq ft Class A logistics development in Lurín, Lima, with an expected total investment of approximately US$85 million over three years. The project is funded by Peruvian institutional investors including Credicorp Capital, La Positiva Seguros, and Inversiones Platinum, with LPA retaining an ~11% equity stake while earning fees for development, leasing, and management. Third-party institutional equity in the first project will exceed US$36 million, and the launch follows more than US$300 million of completed and announced 2026 asset sales under LPA's capital-light model.

•3d ago

Logistic Properties of the Americas Completes US$145 Million Asset Sale in Peru

LPA closed the sale of Parque Logístico Lima Sur to FIBRA Prime for US$145.0 million, a nearly 20% premium to the property's prior carrying value, after clearing Peru's INDECOPI antitrust review. LPA received US$85.0 million at closing, with US$60.0 million payable in two US$30.0 million installments due 12 and 24 months out; to bridge the deferral it took a US$55.0 million fixed-rate 8.50% credit facility from BTG Pactual. Proceeds will be redeployed into Mexican logistics acquisitions, including the previously announced Fortem Capital forward purchase for Central Park 57, while LPA retains property-management fee income on Lima Sur. The transaction supports the company's stated pivot toward a capital-light model and provides market-based validation for its portfolio appraisal.

•25d ago

Logistic Properties of the Americas Advances Capital Reallocation Strategy with Costa Rica Asset Sale

Logistic Properties of the Americas agreed to sell Bodegas Aurora, a stabilized non-core logistics property in Heredia, Costa Rica, for a gross price of US$6.6 million in an all-cash transaction expected to close in the fourth quarter of 2026. The 103,440-square-foot, two-building multi-tenant asset generates roughly US$560,000 of annual net operating income, implying an ~8.5% yield on the sale price. Most net proceeds will be redeployed into LPA's Mexico expansion, following a pending sale of Parque Logístico Lima Sur in Peru under its capital-recycling strategy; the portfolio spanned 34 facilities and about 6.2 million square feet of gross leasable area as of June 30, 2026.

•1mo ago

Logistic Properties of the Americas Receives Definitive Regulatory Approval of $145 Million Asset Sale in Peru

Logistic Properties of the Americas received approval from Peru's antitrust authority INDECOPI for its $145.0 million sale of Parque Logístico Lima Sur, a 1.3 million square foot logistics park, to FIBRA Prime. With regulatory clearance now secured, only customary administrative closing matters remain before the divestment is completed. LPA plans to redeploy approximately $85.0 million of net proceeds, before taxes, into Mexico, which management describes as a key growth market for its Latin American logistics platform.

•1mo ago

Logistic Properties of the Americas Announces Second Quarter 2026 Earnings Results

LPA reported Q2 2026 revenue of $14.7 million, up 26.1% year-over-year, and NOI of $12.2 million, up 27.0%, driven by strong leasing activity and 100.0% portfolio occupancy. Same-Property Cash NOI increased 15.6% on a constant-currency basis to $9.9 million, while average rent per square foot rose 10.0% to $8.88. The company announced a strategic alliance with FIBRA Prime involving the pending $145.0 million divestiture of Parque Logístico Lima Sur, expected to generate $85.0 million in net proceeds.

•2mo ago

Logistic Properties of the Americas Announces Sale of Peruvian Property, Catalyzing New Strategic Alliance

Logistic Properties of the Americas agreed to sell its Parque Logístico Lima Sur (PLS) asset to FIBRA Prime for $145 million, a transaction that substantiates a book value of approximately $8.00 per ordinary share. The deal is expected to generate $85 million in net proceeds, which the company intends to redeploy into its investment pipeline in Mexico over the next 12 to 18 months to capitalize on nearshoring and ecommerce demand. LPA will retain operational management of PLS to generate fee income and remains committed to Peru through its continued ownership of the Parque Logístico Callao asset.

•4mo ago

LPA Executes Lease Expansion with Scharf at Parque Logístico Callao

LPA expanded its lease with existing tenant Scharff Logística Integrada S.A. at Parque Logístico Callao in Peru, adding 38,438 square feet to Building 100. The expansion commences June 1, 2026, and features a double-digit rental rate increase over the prior lease, reflecting strong demand in the supply-constrained Lima logistics submarket. Scharff will use the additional space for auto parts distribution for a global automotive brand, leveraging the park's airport-adjacent location and Class A infrastructure.

•5mo ago

LPA: 6-K · earnings release

Logistic Properties of the Americas (LPA) announced strong first quarter 2026 earnings results, with revenues growing 21.6% year-over-year to $14.4 million. This growth was primarily driven by a 39.9% increase in rental revenues in Peru, reflecting the stabilization of newly constructed buildings in LPA’s Callao Logistics Park. Net Operating Income (NOI) increased 28.6% to $12.1 million, driven by improved operating leverage across the Colombia and Peru segments. Same-Property Cash NOI climbed 10.9% to $9.82 million, primarily due to rental rate growth and the expiration of rent abatements. Operating GLA increased 9.7% to 5.8 million square feet, with average rent per square foot rising 9.8% to $8.74. The occupancy rate in LPA’s operating portfolio was 100.0%, up from 98.0% in the prior year. General and administrative expenses increased 13.3% to $4.0 million, mainly due to a one-time tax charge in Colombia. Despite macroeconomic and political volatility, LPA’s CEO, Esteban Saldarriaga, expressed confidence in the company’s ability to navigate these challenges and continue its growth trajectory. The company remains focused on disciplined capital allocation and proactive asset management, with a development pipeline that is 91.9% pre-leased and a weighted average remaining lease term of 4.7 years.

SEC 6-K•5mo ago