DivestmentJun 17, 2026, 04:21 PM
Logistic Properties Sells Peruvian Property for $145M; Forms Alliance
AI Summary
Logistic Properties of the Americas (LPA) announced the sale of Parque Logistico Lima Sur in Peru to FIBRA Prime for US$145.0 million. This divestment will generate US$85.0 million in net proceeds, which LPA plans to redeploy into higher-return opportunities in Mexico over the next 12 to 18 months. The transaction also establishes a strategic alliance with FIBRA Prime, a Peruvian REIT, and confirms the carrying value of LPA's real estate portfolio at approximately $8.00 per ordinary share.
Key Highlights
- Logistic Properties sold Parque Logistico Lima Sur for US$145.0 million.
- The sale generates US$85.0 million in net proceeds after debt repayment.
- The divested property generated US$10.3 million in net operating income (cash NOI) for the last twelve months ended March 31, 2026.
- The transaction substantiates LPA's book value of approximately $8.00 per ordinary share.
- Proceeds will be redeployed into Mexico's investment pipeline over the next 12-18 months.
- LPA formed a strategic alliance with FIBRA Prime, which acquired the property.
- LPA will continue operating PLS for FIBRA Prime, generating fee income.
- LPA's Peru platform remains anchored by Parque Logístico Callao.
Price Impact
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