Logistic Properties of the Americas (LPA) has officially announced the launch of Parque Logístico Panamericana Sur (PPS), a significant logistics development project located in Lurín, Lima, Peru. This new venture will encompass four buildings with a total gross leasable area of approximately 1.1 million square feet, and it represents an investment of around $85 million to be deployed over the next three years.
The launch of PPS marks a crucial step for LPA as it continues to expand its footprint in the real estate sector, particularly in logistics. The project is strategically located at Kilometer 31 of the Panamericana Sur Highway, providing direct access to Lima's main logistics and distribution routes. This positioning is expected to attract multinational corporations, third-party logistics providers, retailers, and e-commerce operators seeking modern logistics space.
Background
Logistic Properties of the Americas is a prominent developer, owner, and manager of institutional-grade industrial and logistics real estate in high-growth markets across Latin America. The company operates under the ticker symbol LPA on the NYSE and is classified under the SIC code 6500, which pertains to real estate. Recent filings indicate that LPA is actively engaged in expanding its portfolio, with a focus on strategic developments in key markets.
What the Filing Says
According to the recent SEC filing, "On October 22, 2026, Logistic Properties of the Americas announced the launch of Parque Logístico Panamericana Sur (PPS), a four-building, Class A logistics development in Lurín, Lima, which will total approximately 1.1 million square feet of gross leasable area, with an expected total investment of approximately US$85 million to be deployed over the next three years." This project is part of LPA's new capital-light model, which aims to attract local institutional capital for development opportunities.
Impact
The development of PPS is expected to positively impact various stakeholders, including local institutional investors such as Fondo de Inversión Credicorp Capital de Desarrollo y Rentas Inmobiliarias, La Positiva Seguros, and Inversiones Platinum. These partnerships will allow LPA to leverage local market expertise while expanding its operational capacity in Peru. The project also reinforces LPA's strategy of focusing on fee-generating activities while maintaining a capital-light approach.
What's Next
As outlined in the filing, earthworks and the construction of access roads for PPS are already underway, with vertical construction expected to begin in the first quarter of 2027. This timeline indicates a proactive approach by LPA to expedite the development process and meet the growing demand for logistics infrastructure in Peru.