LPA Agrees to Sell Bogotá Logistics Portfolio to Bancolombia for $152M
Logistic Properties of the Americas (NYSE: LPA) has entered into an agreement with Banco de Colombia, a major Colombian financial institution, to sell its logistics portfolio in Bogotá. The transaction is valued at $152 million and will be conducted entirely in cash. This deal includes five fully leased properties that are currently occupied by tenants across the e-commerce and manufacturing sectors. The sale is expected to close during early Q4 2026, subject to regulatory approvals and customary closing conditions. The transaction aligns with LPA's strategy of divesting non-core assets in favor of more strategic growth opportunities within its logistics real estate portfolio.
Topics: acquisition logistics real estate