Logistic Properties of the Americas Launches $85 Million Logistics Park in Lima, Peru

Logistic Properties of the Americas launched Parque Logístico Panamericana Sur, a four-building logistics development in Lurín, Lima, with an expected total investment of approximately $85 million over the next three years, the company said in a Business Wire announcement. The project totals about 1.1 million square feet of gross leasable area.

Inside the Parque Logístico Panamericana Sur Launch

LPA will develop the park with capital raised from Peruvian institutional investors Fondo de Inversión Credicorp Capital de Desarrollo y Rentas Inmobiliarias, an investment fund managed by Credicorp Capital; La Positiva Seguros; and Inversiones Platinum. LPA will oversee development, leasing, property management and operations in exchange for customary fees, and will retain an approximately 11% equity interest in the project while consolidating and controlling it.

The site sits at Kilometer 31 of the Panamericana Sur Highway, with direct highway access to Lima's principal logistics and distribution routes. The park is designed for multinational corporations, third-party logistics providers, retailers and e-commerce operators. Earthworks and access-road construction are underway, with vertical construction expected to begin in the first quarter of 2027.

Esteban Saldarriaga, Chief Executive Officer of LPA, said, "PPS marks our return to reinvesting, now under a capital-light model." He said the company monetized Parque Logístico Lima Sur a few weeks earlier and is building again in Lurín alongside capital from new institutional investors.

Peru Sales That Preceded the Lima Park

LPA closed the sale of Parque Logístico Lima Sur to FIBRA Prime for $145 million, a nearly 20% premium to carrying value, Stock Titan reported on September 30, 2026. The company said it would redeploy proceeds into Mexico investments, including a $55 million credit facility with BTG Pactual.

On September 21, 2026, FinancialContent Business Page reported that LPA sold Bodegas Aurora, a stabilized logistics property in Costa Rica, for $6.6 million, with closing expected in the fourth quarter of 2026. Yahoo reported on September 17, 2026, that INDECOPI approved the Lima Sur sale, with management expecting $85 million in net proceeds after debt repayment.

Raffles and Ramky Infrastructure Moves

Raffles Family Office agreed with Rwanda's development board to promote infrastructure and tourism projects, including a new airport in Bugesera, to its client network, Reuters reported on October 22, 2026. The aim is to mobilize hundreds of millions of dollars in investment.

Forbes India reported on October 13, 2026, that Ramky Infrastructure Limited doubled its orderbook over the past three to five years, driven by contracts from Maharashtra and Telangana, and exited debt restructuring.

Vertical Construction Timing at Panamericana Sur

Vertical construction at Parque Logístico Panamericana Sur is expected to begin in the first quarter of 2027, according to the company. The Bodegas Aurora sale is expected to close in the fourth quarter of 2026, FinancialContent Business Page reported.