Logistic Properties of the Americas Announces $145 Million Sale of Peruvian Logistics Park, Strengthening Strategic Growth Strategy
Logistic Properties of the Americas, together with its subsidiaries, has announced a strategic alliance with FIBRA Prime, one of Peru’s leading diversified Real Estate Investment Trusts, following the planned divestment of Parque Logístico Lima Sur (PLS), a premier logistics facility located in the rapidly growing Lurín submarket of Lima, Peru.
The transaction represents a significant milestone for LPA as the company continues to execute its strategy of creating value across the logistics real estate sector while optimizing its portfolio and expanding into high-growth markets. Subject to customary regulatory approvals and closing conditions, FIBRA Prime will acquire 100% ownership of PLS for a total consideration of US$145 million.
The sale reinforces the value of LPA’s real estate portfolio and supports an estimated book value of approximately $8.00 per ordinary share. Following repayment of existing debt and before taxes, LPA expects to receive approximately US$85 million in net proceeds from the transaction. The capital generated will provide the company with increased financial flexibility to support future expansion initiatives and pursue attractive investment opportunities.
PLS has been a key asset within LPA’s portfolio since its development and represents the company’s ability to successfully identify opportunities, develop high-quality logistics infrastructure, attract leading tenants, and create long-term value. The facility includes approximately 1.3 million square feet of modern logistics space and generated US$10.3 million in net operating income (cash NOI) for the twelve months ended March 31, 2026.
A Successful Demonstration of LPA’s Integrated Real Estate Platform
The transaction highlights the strength of LPA’s vertically integrated business model and demonstrates the company’s ability to manage the full real estate lifecycle — from land acquisition and development to leasing, stabilization, and asset monetization.
Through its in-house capabilities, LPA transformed PLS into an institutional-grade logistics property serving a diversified customer base of blue-chip companies. The successful divestment represents a complete value creation cycle, validating the company’s development expertise and operational platform.
“This inaugural transaction is a clear confirmation of our regional platform’s ability to create and realize value across the entire real estate value chain,” said Esteban Saldarriaga, Chief Executive Officer of Logistic Properties of the Americas. “It also further advances a path to a more asset-light model, enhancing profitability and allowing us to strategically reallocate capital toward higher-return opportunities, particularly in Mexico.”
Capital Deployment Focused on Mexico Growth Opportunities
Following the completion of the transaction, LPA plans to redeploy proceeds into its expanding investment pipeline in Mexico, where the company sees significant long-term growth potential.
Mexico’s logistics real estate market continues to benefit from powerful structural trends, including nearshoring, rising domestic consumption, e-commerce expansion, and increasing demand for modern industrial facilities. These factors are creating attractive opportunities for logistics developers and operators across key markets.
LPA expects the proceeds from the PLS sale to be invested into stabilized, high-quality logistics properties over the next 12 to 18 months. The company is actively evaluating acquisition and development opportunities in strategic Mexican submarkets where demand fundamentals and risk-adjusted returns remain compelling.
Maintaining Strong Operations in Peru
While monetizing PLS, LPA remains committed to maintaining a strong presence in Peru. The company will continue managing operations at the facility on behalf of FIBRA Prime, including tenant relationships, customer service, and operational management. This arrangement will allow LPA to continue generating fee-based income while maintaining its operational expertise in the market.
LPA’s Peru platform will continue to be supported by Parque Logístico Callao (PLC), another important logistics asset located near Jorge Chávez International Airport and the Port of Callao. PLC remains a strategic component of LPA’s regional operations and future growth plans in Peru.
Strategic Partnership with FIBRA Prime
Beyond the asset sale, the transaction establishes a broader strategic partnership between LPA and FIBRA Prime. The collaboration combines LPA’s proven logistics development and operating capabilities with FIBRA Prime’s institutional investment platform and local market expertise.
FIBRA Prime views PLS as a strategically important addition to its portfolio and a reflection of the growing institutional demand for logistics real estate in Peru.
“PLS is the flagship logistics real estate asset in Peru and fits squarely within our long-term investment plans,” said Ignacio Mariátegui, Chief Executive Officer of FIBRA Prime. “Our alliance with LPA marks a pivotal moment in the institutionalization of Peru’s capital markets and reflects our confidence in the country’s underpenetrated and undersupplied logistics property sector.”
Future Growth Through Strategic Portfolio Optimization
LPA continues to evaluate additional partnerships and monetization opportunities across its portfolio as part of its broader strategy to enhance shareholder value, improve capital efficiency, and focus investment on higher-return opportunities.
The company’s evolving asset-light approach is designed to strengthen profitability while enabling continued growth across the Americas. By combining operational expertise, strategic partnerships, and disciplined capital allocation, LPA aims to deliver innovative logistics solutions that support businesses and supply chains throughout the region.
The divestment of Parque Logístico Lima Sur marks an important step in LPA’s transformation, demonstrating the company’s ability to create value from its assets while positioning itself for the next phase of expansion in key logistics markets.
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