Recent Updates — LPA
Logistic Properties of the Americas announced an agreement to sell stabilized, income-producing facilities comprising Parque Logístico Calle 80 in Bogotá, Colombia, to Bancolombia S.A. The transaction is valued at COP 500 billion (approximately US$152 million) and will be settled in all cash. Closing is expected early in the fourth quarter of 2026, subject to customary conditions. This marks LPA’s third sale of stabilized assets in 2026, bringing the aggregate value of completed and announced transactions this year to more than US$300 million. The portfolio includes five fully leased buildings totaling approximately 1.26 million square feet occupied by blue-chip multinational tenants. LPA expects to generate approximately US$70 million in net after-tax distributable proceeds, which it intends to redeploy for higher-returning growth opportunities. Upon closing, LPA will retain pad-ready land with capacity for approximately 1.08 million square feet of buildable area and continue as the park’s manager earning a facilities management fee. Logistic Properties of the Americas is a leading developer, owner, and manager of institutional-grade industrial and logistics real estate in Latin America.
Logistic Properties of the Americas closed the sale of its Parque Logístico Lima Sur logistics park in Peru to FIBRA Prime for US$145.0 million on September 30, 2026, following antitrust approval by INDECOPI. The transaction price represents a nearly 20% premium over the property's carrying value as of June 30, 2026. LPA received US$85.0 million in cash at closing, with the remaining US$60.0 million structured as two equal installments of US$30.0 million due in 12 and 24 months. To accelerate access to these deferred proceeds, the company entered into a US$55.0 million credit facility with BTG Pactual at an 8.50% fixed annual interest rate. LPA will continue managing the asset for FIBRA Prime while redeploying capital toward its investment pipeline in Mexico. The company operates as a developer, owner, and manager of institutional-grade industrial and logistics real estate across Latin America.
On September 21, 2026, Logistic Properties of the Americas announced the sale of Bodegas Aurora, a stabilized logistics property in Heredia, Costa Rica, for a gross purchase price of US$6.6 million. The asset comprises approximately 103,440 square feet and generates about US$560,000 in annual net operating income. The all-cash transaction is expected to close in the fourth quarter of 2026, subject to customary conditions. Proceeds will be redeployed into higher-return opportunities, primarily expanding the company's platform in Mexico. This divestment supports LPA’s capital reallocation strategy by monetizing mature assets to fund growth in markets with longer runways. Logistic Properties of the Americas is a developer, owner, and manager of industrial and logistics real estate across Latin America.
Logistic Properties of the Americas received definitive regulatory approval from Peru’s antitrust authority, INDECOPI, for the $145.0 million sale of Parque Logístico Lima Sur (PLS) to FIBRA Prime on September 11, 2026. The transaction involves a premier 1.3 million square foot logistics park in Peru. With this approval, only customary administrative closing matters remain before completion. The company expects net proceeds of approximately $85.0 million, before taxes, which will be redeployed into Mexico to capitalize on growth opportunities and generate higher risk-adjusted returns. Logistic Properties of the Americas is a developer, owner, and manager of institutional quality industrial and logistics real estate in Latin America.