Logistic Properties of the Americas announced the closing of an asset acquisition in Puebla, Mexico, as part of its strategic partnership with Inmobiliaria y Constructora Alas, S.A. This transaction marks LPA’s first investment in Mexico’s logistics real estate market. The acquired property consists of two operating logistics buildings totaling 257,700 square feet of gross leasable area.
The Puebla facilities are strategically located across from Volkswagen’s largest manufacturing facility outside of Germany and are primarily leased to DHL, a global logistics leader. The property is projected to generate approximately USD $1.6 million in annual net operating income. Ownership of the property is distributed as 90% by Alas and 10% by LPA.
This acquisition advances LPA’s strategy to acquire mission-critical logistics assets that support essential supply networks and lays the groundwork for future growth in Mexico. CEO Esteban Saldarriaga highlighted that the partnership combines Alas’s deep local market knowledge with LPA’s operational and institutional expertise, showcasing the power of strategic alliances.
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