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0.0550557620817845 0.0223048327137547 0.0223048327137547 0.0223048327137547 0.0223048327137547 0.0151301115241636 0.00111524163568777 0.00111524163568777
Stock impact report

Logistic Properties of the Americas Enters into Master Forward Purchase Agreement for Strategically Located Class A Industrial Real Estate Assets in Mexico

Logistic Properties of the Americas Ordinary Shares (LPA) 
Company Research Source: Business Wire
MEXICO CITY--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, "LPA" or the "Company"), announced today that it has entered into a forward purchase agreement for a portfolio of Class A industrial properties strategically located in Tepeji del Río, State of Hidalgo, Mexico.The transaction was executed through a Master Agreement, representing an approximately US$200 million investment, pursuant to which LPA will progressively acquire stabilized industrial assets within Central Park 57, a large-scale industrial and logistics park strategically located along the Mexico–Querétaro Highway (Federal Highway 57), a key logistics corridor. The asset is being developed and sponsored by Mexico City-based Fortem Capital, the institutional owner and master developer of Central Park 57, the first operating building of which is pending stabilization of approximately 153,400 square feet.Central Park 57 has been designed as a modern, institut Show less Read more
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