Announcement
Logistic Properties of the Americas (NYSE American:LPA) disclosed that it will divest its Peru logistics asset, Parque Logístico Lima Sur, to Peruvian REIT FIBRA Prime for a total consideration of $145 million. The sale is subject to regulatory approvals and customary closing conditions.
Financial Impact
The transaction is expected to generate $85 million of net proceeds for LPA after repayment of associated debt and before tax, reinforcing the carrying value of its real estate portfolio and supporting a book value of approximately $8.00 per ordinary share. The divested park, comprising roughly 1.3 million square feet of modern logistics space, produced $10.3 million of net operating income for the twelve months ended 31 March 2026.
Strategic Use of Proceeds
LPA indicated that the proceeds will be redeployed into its investment pipeline in Mexico over the next 12 to 18 months, focusing on stabilized, high‑quality properties across key sub‑markets. The company cited mid‑ and long‑term demand fundamentals, domestic consumption, nearshoring, and e‑commerce trends as drivers for this strategic shift.
Ongoing Operations
Although ownership transfers to FIBRA Prime, LPA will continue to operate the Lima South park on behalf of the new owner, maintaining tenant relationships and delivering service while earning fee income. LPA’s Peru platform will remain anchored by Parque Logístico Callao, located adjacent to Jorge Chávez International Airport and the Port of Callao, underscoring its continued commitment to Peru and its other foundational markets.
Executive Comment
"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 LPA.
Market Reaction
Following the announcement, LPA shares surged more than 40% on the day of the news, reflecting investor enthusiasm for the transaction and the company’s growth strategy.