Logistic Properties Of The Americas Closes Sale Of Parque Logístico Lima Sur To FIBRA Prime For $145M

Transaction monetizes a mature asset at a nearly 20% premium to prior carrying value and provides additional growth capital for continued expansion in MexicoLogistic Properties of the Americas (NYSE:LPA) (together with its subsidiaries, "LPA" or the "Company") today announced the closing of the previously disclosed sale of Parque Logístico Lima Sur to FIBRA Prime, a preeminent diversified Real Estate Investment Trust in Peru, for US$145.0 million, following approval by Peru’s antitrust authority, INDECOPI, and the satisfaction of customary closing conditions.The sale price represents a nearly 20% premium to the property’s carrying value prior to the fair value adjustment recorded in the second quarter of 2026, when the transaction was agreed. The full divestment of this approximately 1.3 million-square-foot, institutional-grade logistics park crystallizes the value created through LPA’s development and leasing efforts, while advancing the Company’s strategy to reallocate capital to higher-returning assets in select high-growth submarkets in Mexico. LPA believes the sale price, negotiated with an independent institutional buyer, provides relevant market-based support for the appraised value of its real estate portfolio. The Company’s book value per share stood at US$8.62 as of June 30, 2026, which included that fair value adjustment.LPA intends to redeploy the proceeds of the sale into its actionable investment pipeline in Mexico, where strong domestic consumption, e-commerce, nearshoring, and AI-driven electronics manufacturing tailwinds continue to support compelling risk-adjusted returns for strategically located industrial real estate properties. The current pipeline includes several prospective acquisitions as well as LPA’s previously announced master forward purchase agreement with Fortem Capital for stabilized assets in Central Park 57.LPA received US$85.0 million at closing, with the remaining US$60.0 million payable in two equal installments of US$30.0 million each, due 12 and 24 months after closing. To accelerate access to the deferred proceeds, LPA has entered into a US$55.0 million credit facility with BTG Pactual. The facility bears interest at a fixed annual rate of 8.50%, with repayments aligned to the installment schedule.LPA will continue to manage Parque Logístico Lima Sur on behalf of FIBRA Prime, retaining responsibility for property operations, tenant relationships, and service delivery, while earning fee income for these services. The Company’s Peru platform remains anchored by Parque Logístico Callao, which is located adjacent to Jorge Chávez International Airport and provides seamless connectivity to the Port of Callao.