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Borderlands Mexico: LPA enters Mexican logistics market with Puebla deal
Yahoo Finance· 2025-10-05 11:00
Group 1: Company Expansion - Logistic Properties of the Americas (LPA) has made its first acquisition in Mexico by purchasing two logistics warehouses in Puebla, which are anchored by tenant DHL [2][3] - This acquisition is part of LPA's broader expansion strategy across Latin America, with a goal to establish a significant presence in Mexico as part of a billion-dollar asset platform [3][6] - The deal was executed through a joint venture with Inmobiliaria y Constructora Alas, S.A. (Alas), involving properties totaling 257,700 square feet located near a major Volkswagen manufacturing site [3][4] Group 2: Market Strategy - LPA's CEO emphasized the importance of the Puebla site in Mexico's supply chain, particularly for automotive production and exports to the U.S. and other Latin American countries [4] - The company views the Mexican logistics real estate market as a strategic opportunity, aligning with its focus on high-growth markets with significant barriers to entry [5][6] - LPA's existing portfolio includes 33 logistics facilities across Costa Rica, Colombia, and Peru, totaling 5.8 million square feet, indicating a strong foundation for further growth in Mexico [6] Group 3: Long-term Vision - LPA aims to invest in assets with a long useful life of 30 to 50 years, positioning itself as a long-term owner and partner to its tenants [7] - The company believes that the current market conditions in Mexico present a favorable entry point for long-term investments [7]