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Logistic Properties to sell Peru asset for $145M in alliance with FIBRA Prime
Logistic Properties of the Americas has agreed to sell its Parque Logístico Lima Sur property in Peru to FIBRA Prime for $145 million, subject to regulatory approvals. The transaction is expected to generate about $85 million in net proceeds after debt repayment and before taxes. The company plans to use the proceeds to support expansion in Mexico and advance its shift toward a more asset-light model.