Cuatrecasas advises LPA on selling Lima Sur Logistics Park to Fibra Prime, one of most major recent logistics transactions
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SubscribeCuatrecasas has advised Logistic Properties of the Americas (“LPA”) on the structuring and execution of the sale of Lima Sur Logistics Park (“PLS”) to Fibra Prime, one of Peru's leading real estate investment trusts. The transaction, valued at USD 145 million, is one of the most significant in the Peruvian logistics sector in recent years.
The advisory services covered commercial, regulatory, tax, and public law aspects, given the complexity of a transaction involving the transfer of a prime logistics real estate asset in the submarket of Lurín, Lima. The closing of the transaction is subject to customary approvals and conditions for this type of transaction.
Following the transaction, LPA will maintain operational management of PLS while allocating the resources obtained to strengthening its investment portfolio in the region.
Oscar Trelles, the Cuatrecasas partner who led the transaction, emphasized: “This landmark transaction highlights the exceptional value of Lima Sur Logistics Park, one of the most valuable real estate assets in Peru’s premium industrial and logistics sector. It reflects LPA’s outstanding track record in developing and positioning world-class logistics assets in the region. We are proud to have assisted LPA in structuring and executing this complex transaction.”
The advisory team for the Lima office was made up of Oscar Trelles, Guido Maeda, Luis Olazabal, Enzo Rodríguez, and Santiago Ramírez, (Corporate and M&A); Carlos Monteza, Jorge Alvarado, Fernando Salhuana, and Almendra Pachari (Public Law); Giorgio Balza (Tax); and Domingo Rivarola (Arbitration and Litigation).
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