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Logistic Properties of the Americas launches US$85M logistics development in Peru
LPALogistic Properties of the Americas
Logistic Properties of the Americas announced the launch of Parque Logístico Panamericana Sur, a four-building Class A logistics project in Lurín, Lima. The development will total approximately 1.1 million square feet of gross leasable area with an expected investment of US$85 million over three years. Capital is raised from Peruvian institutional investors including Credicorp Capital, La Positiva Seguros, and Inversiones Platinum. LPA retains an 11% equity interest and will earn customary fees for development, leasing, and management. Vertical construction is expected to begin in the first quarter of 2027. This initiative marks a shift to a capital-light model following over US$300 million in asset sales during 2026. Logistic Properties of the Americas develops, owns, and manages institutional-grade industrial and logistics real estate across Latin America.