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Stock impact report

Borderlands Mexico: LPA enters Mexican logistics market with Puebla deal [Yahoo! Finance]

Logistic Properties of the Americas Ordinary Shares (LPA) 
Company Research Source: Yahoo! Finance
Aguascalientes, creating 1,300 jobs; and Yamaguchi MFG opens $14M auto parts plant in San Luis Potosí. LPA enters Mexican market with Puebla deal Logistic Properties of the Americas (LPA) recently completed its first acquisition in Mexico: two logistics warehouses in Puebla anchored by tenant DHL. The transaction marks a significant step in the company's expansion strategy across Latin America, CEO Esteban Saldarriaga said. “This first acquisition in Puebla is a milestone, but it's also just the beginning,” Saldarriaga told FreightWaves in an interview. “Our goal is to reach critical mass in Mexico as part of our billion-dollar asset platform across the Americas.” The deal was finalized through a joint venture with Inmobiliaria y Constructora Alas, S.A. (Alas) for properties totaling 257,700 square feet that sit across from a Volkswagen auto factory in Puebla, the automaker's largest manufacturing site outside Germany. The site plays a critical role in Mexico's supply chai Show less Read more
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