Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform
Logistic Properties of the Americas (NYSE American: LPA) has achieved 100% occupancy across its operating portfolio following a new lease agreement for 71,580 square feet at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. The tenant is a global logistics provider operating in over 100 countries, specializing in consumer goods, e-commerce, and pharmaceuticals.
PLS comprises six Class A buildings with 1,519,300 square feet of total Gross Leasable Area, all leased in US dollars. Located in Lima's Lurin district, the facility features sustainable elements including a grey water treatment and recycling system. The park has received two final EDGE certifications from GBCI, with Building 200 achieving EDGE Advanced certification.
Le proprietà logistiche delle Americhe (NYSE American: LPA) ha raggiunto il 100% di occupazione nel suo portafoglio operativo dopo un nuovo contratto di locazione per 71.580 piedi quadrati presso l'Edificio 400 nel Parque Logistico Lima Sur (PLS) in Perù. L'inquilino è un fornitore globale di logistica che opera in oltre 100 paesi, specializzandosi in beni di consumo, e-commerce e prodotti farmaceutici.
Il PLS comprende sei edifici di Classe A con una superficie totale affittabile di 1.519.300 piedi quadrati, tutti affittati in dollari USA. Situata nel distretto di Lurin a Lima, la struttura presenta elementi sostenibili, tra cui un sistema di trattamento e riciclo delle acque grigie. Il parco ha ricevuto due certificazioni finali EDGE da GBCI, con l'Edificio 200 che ha ottenuto la certificazione EDGE Advanced.
Propiedades Logísticas de las Américas (NYSE American: LPA) ha logrado una ocupación del 100% en su cartera operativa tras un nuevo contrato de arrendamiento por 71,580 pies cuadrados en el Edificio 400 en el Parque Logístico Lima Sur (PLS) en Perú. El inquilino es un proveedor logístico global que opera en más de 100 países, especializado en bienes de consumo, comercio electrónico y productos farmacéuticos.
El PLS comprende seis edificios de Clase A con un área bruta arrendable total de 1,519,300 pies cuadrados, todos arrendados en dólares estadounidenses. Ubicada en el distrito de Lurín en Lima, la instalación cuenta con elementos sostenibles, incluyendo un sistema de tratamiento y reciclaje de aguas grises. El parque ha recibido dos certificaciones EDGE finales de GBCI, siendo el Edificio 200 el que ha logrado la certificación EDGE Advanced.
아메리카 물류 자산 (NYSE American: LPA)는 페루의 리마 수르 물류 공원 (PLS)에 있는 400번 건물에서 71,580 평방피트에 대한 새로운 임대 계약을 체결한 후 운영 포트폴리오의 100% 점유율을 달성했습니다. 세입자는 100개 이상의 국가에서 운영되는 글로벌 물류 공급업체로, 소비재, 전자상거래 및 제약 분야를 전문으로 합니다.
PLS는 총 1,519,300 평방피트의 임대 가능한 면적을 가진 6개의 A급 건물로 구성되어 있으며, 모두 미국 달러로 임대됩니다. 리마의 루린 지구에 위치한 이 시설은 회색수 처리 및 재활용 시스템을 포함한 지속 가능한 요소를 갖추고 있습니다. 이 공원은 GBCI로부터 두 개의 최종 EDGE 인증을 받았으며, 200번 건물은 EDGE Advanced 인증을 받았습니다.
Propriétés Logistiques des Amériques (NYSE American: LPA) a atteint un taux d'occupation de 100% de son portefeuille opérationnel suite à un nouvel accord de location de 71 580 pieds carrés dans le bâtiment 400 du Parque Logistico Lima Sur (PLS) au Pérou. Le locataire est un fournisseur logistique mondial opérant dans plus de 100 pays, spécialisé dans les biens de consommation, le commerce électronique et les produits pharmaceutiques.
Le PLS comprend six bâtiments de Classe A avec une superficie totale louable de 1 519 300 pieds carrés, tous loués en dollars américains. Située dans le district de Lurin à Lima, l'installation présente des éléments durables, y compris un système de traitement et de recyclage des eaux grises. Le parc a reçu deux certifications EDGE finales de GBCI, le bâtiment 200 ayant obtenu la certification EDGE Advanced.
Logistikimmobilien der Amerikas (NYSE American: LPA) hat eine 100%ige Auslastung seines operativen Portfolios erreicht, nachdem ein neuer Mietvertrag über 71.580 Quadratfuß im Gebäude 400 im Logistikpark Lima Sur (PLS) in Peru unterzeichnet wurde. Der Mieter ist ein globaler Logistikdienstleister, der in über 100 Ländern tätig ist und sich auf Konsumgüter, E-Commerce und Pharmazeutika spezialisiert hat.
Der PLS umfasst sechs Gebäude der Klasse A mit einer Gesamtfläche von 1.519.300 Quadratfuß, die alle in US-Dollar vermietet sind. Die Anlage befindet sich im Stadtteil Lurin in Lima und verfügt über nachhaltige Elemente, darunter ein System zur Behandlung und Wiederverwertung von Grauwasser. Der Park hat zwei endgültige EDGE-Zertifizierungen von GBCI erhalten, wobei das Gebäude 200 die EDGE Advanced-Zertifizierung erreicht hat.
- Achieved 100% occupancy across operating portfolio
- New lease agreement for 71,580 sq ft with global logistics provider
- All PLS leases denominated in US dollars
- Total PLS portfolio of 1.52M sq ft fully leased
- None.
Insights
LPA's achievement of 100% occupancy across its operating portfolio marks a significant operational milestone with direct financial implications. The final lease at Parque Logistico Lima Sur represents approximately 71,580 square feet of newly monetized space that will contribute to the company's revenue stream.
What's particularly notable is that all leases at PLS are denominated in US dollars, providing a valuable hedge against currency fluctuations in Latin American markets. For a company with a
The tenant quality here deserves attention - securing a global logistics provider that operates in over 100 countries typically indicates stronger covenant strength and potentially longer-term space commitments compared to local operators. This tenant profile suggests enhanced income stability and potentially lower re-leasing costs over time.
While full occupancy maximizes near-term revenue potential from existing assets, it also signals that future growth will likely require new development initiatives or acquisitions. Investors should consider how management plans to sustain growth momentum beyond this occupancy milestone, particularly in competitive logistics markets where suitable expansion opportunities may be
The logistics real estate sector typically considers
PLS's strategic location in Lima's Lurin district positions it to serve the growing urban distribution needs in Peru. The property's scale is substantial - at 1.5 million square feet divided across six buildings, it represents significant logistics infrastructure in a market where modern Class A warehouse space remains relatively scarce.
The sustainability features highlighted - particularly the grey water treatment system and EDGE certifications - increasingly factor into tenant decisions and can command premium rental rates. The EDGE Advanced certification for Building 200 places that facility in an elite category of sustainable industrial buildings in Latin America, where green certifications remain less common than in North American markets.
From a portfolio management perspective, achieving
Our established customer is a prominent logistics provider operating in over 100 countries, and specializing in consumer goods, e-commerce and pharmaceuticals and other key industries. The newly leased space at PLS will support our tenants’ growing operations, which include logistics services for a global leader in the beauty and personal care sector.
“Achieving full occupancy across our operating portfolio is a major milestone for LPA and a testament to our ability to meet the needs of our international customer base for superior logistics space,” said Esteban Saldarriaga, CEO of LPA. “We are proud to support and follow our customer’s expansion projects and remain committed to delivering world-class facilities that foster their success.”
“This lease underscores the need for industrial infrastructure and select logistics space in our markets,” added Alvaro Chinchayan, LPA’s Country Manager in
PLS is comprised of six state-of-the-art Class A buildings, totaling 1,519,300 square feet of Gross Leasable Area, all leased in US dollars. The park’s warehouses are located in the submarket of Lima’s Lurin district and provide modern distribution capabilities in a growing urban hub of
About Logistic Properties of the Americas
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and
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Investor Relations
Camilo Ulloa
Logistic Properties of the Americas
+506 6293 9083
camilo@lpamericas.com
Barbara Cano/Ivan Peill
InspIR Group
barbara@inspirgroup.com / ivan@inspirgroup.com
Source: Logistic Properties of the Americas
FAQ
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