Logistic Properties of the Americas announced the execution of a five-year, USD-denominated lease for 63,103 square feet at Parque Logístico Callao in Lima, Peru. This agreement was signed with a leading third-party logistics provider and a subsidiary of Grupo Intercorp. The new lease replaces a prior agreement and brings Building 100 to full occupancy.
This achievement reinforces Parque Logístico Callao's position as a premier logistics hub in Lima. With this new lease, the facility's 421,321 square feet of existing Gross Leasable Area (GLA) currently operating and under construction is now 100% leased. The new tenant will utilize the space to enhance last-mile distribution services for major Peruvian retailers.
CEO Esteban Saldarriaga highlighted that achieving 100% capacity for Building 100 underscores the strong long-term earnings potential of LPA’s fully dollarized platform in Peru and the strategic location of its facilities. This demonstrates robust demand for institutionally owned and managed logistics facilities in the region.
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