Logistic Properties of the Americas Sells Peru Asset to Fibra Prime
- Logistic Properties of the Americas announced the sale of Parque Logístico Lima Sur to FIBRA Prime for $145 million, driving a stock price jump following regulatory approval.
- Under the terms of the agreement, Logistic Properties of the Americas received $85 million at closing.
- The divestiture cleared its final regulatory hurdle when Peru's antitrust authority, INDECOPI, granted approval for the sale, as reported by Investing.com.
Logistic Properties of the Americas announced the sale of Parque Logístico Lima Sur to FIBRA Prime for $145 million, driving a stock price jump following regulatory approval. The transaction involves approximately 1.3 million square feet of logistics space in Peru and represents a premium of nearly 20% over the property’s book value prior to a second-quarter valuation adjustment.
Transaction Terms and Financial Structure
Under the terms of the agreement, Logistic Properties of the Americas received $85 million at closing. The remaining balance is structured as deferred payments split into two equal installments, scheduled to mature 12 and 24 months after the closing date. To accelerate access to the deferred capital, the company secured a credit line with BTG Pactual carrying a fixed annual interest rate of 8.50%. Logistic Properties of the Americas reported a book value per share of $8.62 as of June 30, 2026.
Regulatory Approvals and Strategic Reinvestment in Mexico
The divestiture cleared its final regulatory hurdle when Peru’s antitrust authority, INDECOPI, granted approval for the sale, as reported by Investing.com. Following the regulatory clearance, the stock climbed an additional 18.5%.
Chief Executive Officer Esteban Saldarriaga stated that the INDECOPI approval removes the final obstacle to close the transaction. As quoted by Investing.com, Saldarriaga said: The approval of INDECOPI eliminates the último obstáculo regulatorio para cerrar esta histórica transacción con FIBRA Prime, un destacado fondo de inversión inmobiliaria diversificado en Perú. Seguimos camino de completar la desinversión de este activo de calidad institucional y proceder con la reinversión de los aproximadamente 85,0 millones de ingresos netos, antes de impuestos, en México, un mercado clave de crecimiento para LPA.
Portfolio Impact and Ongoing Operations
Logistic Properties of the Americas plans to deploy approximately $85 million in net proceeds toward its expansion in Mexico, including acquisitions and a previously announced forward-purchase agreement with Fortem Capital for stabilized assets in Central Park 57. Despite selling the physical asset, the company will continue managing Parque Logístico Lima Sur on behalf of FIBRA Prime, earning fee income from property operations and tenant relations. As of June 30, 2026, the company’s operating and development portfolio encompassed 34 logistics facilities across Costa Rica, Colombia, Peru, and Mexico, totaling approximately 6.2 million square feet of gross rentable area.