Logistic Properties of the Americas Offloads Lima Park for $145 Million

The transaction will leave the company with $85 million in net proceeds once debt obligations are settled. While the ownership structure changes, the developer will maintain operational control, managing tenant relations and service delivery at the site on behalf of the new owner, Fibra Prime.

Management cited the robust nearshoring boom, shifting e-commerce trends, and strong domestic consumption as primary drivers for the move into Mexico. The company intends to deploy the entirety of the divestment capital into its regional development pipeline over the next 12 to 18 months, betting that the Mexican market offers superior long-term yield compared to its current Peruvian holdings.