Logistic Properties of the Americas Sells Property in Peru; Shares Surge -- Update

Dow Jones
06/18

By Kelly Cloonan

 

Logistic Properties of the Americas plans to sell a logistics park in Lima, Peru for $145 million to real estate investment trust Fibra Prime.

The deal sent LPA's stock surging, up 59% to $4.99 in after-hours trading Wednesday. At market close, shares were up 15% year to date.

The industrial and logistics real estate developer and owner said it would divest its Parque Logístico Lima Sur property to Fibra Prime as part of a strategic alliance.

LPA expects the sale to generate $85 million in net proceeds after debt repayment and before taxes.

LPA expects to put the proceeds toward its pipeline in Mexico, where the company sees higher-return opportunities given mid- and long-term demand fundamentals, strong domestic consumption, nearshoring and e-commerce tailwinds, it said. The company expects to fully invest the capital from the sale into properties over the course of the next 12 to 18 months.

LPA plans to continue operating the logistics park on behalf of Fibra Prime, with responsibility for tenant relationships and service delivery. The logistics park has about 1.3 million square feet of modern logistics space and is located in the Lurín submarket of Lima.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

June 17, 2026 17:31 ET (21:31 GMT)

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