DivestmentSep 11, 2026, 09:32 AM
Logistic Properties of the Americas Gets Approval for $145M Asset Sale in Peru
AI Summary
Logistic Properties of the Americas (LPA) announced it has received final regulatory approval from Peru's antitrust authority, INDECOPI, for its previously announced $145 million sale of Parque Logístico Lima Sur (PLS) to FIBRA Prime. With this approval, only customary administrative closing matters remain. LPA's CEO, Esteban Saldarriaga, stated that the company plans to redeploy the net proceeds, estimated at $85.0 million before taxes, into Mexico, a key growth market, to pursue higher risk-adjusted returns.
Key Highlights
- Logistic Properties of the Americas (LPA) received definitive regulatory approval from Peru's INDECOPI for the $145 million sale of Parque Logístico Lima Sur (PLS).
- The sale is to FIBRA Prime, a diversified Real Estate Investment Trust in Peru.
- The transaction marks the final regulatory hurdle, with only administrative closing matters remaining.
- LPA expects to redeploy approximately $85.0 million of net proceeds, before taxes, into Mexico.
- CEO Esteban Saldarriaga highlighted the strategic capital recycling into growth opportunities in Mexico.
Price Impact
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