UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 001-41995
Logistic Properties of the Americas
(Exact name of registrant as specified in its charter)
601 Brickell Key Drive
Suite 700
Miami, FL 33131
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o
EXPLANATORY NOTE
On November 12, 2024, Logistic Properties of the Americas (“LPA”) published a press release announcing a strategic partnership with Inmobiliaria y Constructora Alas, S.A. de C.V., a leading real estate developer in Mexico, marking LPA’s entry into the Mexican market. A copy of this press release is attached as Exhibit 99.1 to this Form 6-K.
The information in this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | | | | | | | |
| Logistic Properties of the Americas |
| | |
| By: | /s/ Esteban Saldarriaga |
| Name: | Esteban Saldarriaga |
| Title: | Chief Executive Officer |
Date: November 12, 2024
Logistic Properties of the Americas Enters Mexican Market Through Strategic Partnership with Falcon
SAN JOSE, Costa Rica – November 12, 2024 – Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”), announced today that it had entered into a strategic partnership with Inmobiliaria y Constructora Alas, S.A. de C.V. (“Falcon”), a leading real estate developer in Mexico, marking LPA’s entry into the Mexican market. The partnership with Falcon enables LPA to establish a strong foothold in Mexico’s rapidly growing manufacturing industry by adding two operating properties with a combined gross lease area of 257,677 square feet, anchored by DHL as a tenant, to LPA’s portfolio.
Furthermore, this strategic alliance will expand the Company’s regional presence by granting LPA immediate access to Falcon’s extensive experience in Mexico’s industrial and logistics market gained through more than 65 years of operation, firmly established relationships with Mexico’s key landowners, and a solid local network of clients and developers.
This transaction, which is expected to close in early 2025, grants LPA an initial operational scale and a solid foundation to develop top-tier logistics solutions for new clients in Mexico. The partnership with Falcon underscores LPA's commitment to a value enhancing expansion strategy in Latin America and further diversifies the Company’s regional vertically integrated real estate platform.
"We are thrilled to partner with Falcon to enter the dynamic and rapidly growing Mexican market, which is increasingly crucial to the global supply chain,” said Esteban Saldarriaga, CEO of LPA. “This alliance is a pivotal step in our expansion strategy and demonstrates LPA’s ability to effectively collaborate with strong local partners to develop Class A assets and bolt on existing asset portfolios in Mexico. With Falcon’s local market insight and extensive design-to-build expertise, we are enhancing our ability to deliver significant long-term value to our investors and bring best-in-class logistics solutions to some of the world’s leading companies operating in Mexico.”
Francisco Alvarez Rojo, Co-CEO of Falcon, added, "We are excited to join forces with LPA to bring their unique regional perspective and expertise to Mexico, to develop and operate world-class industrial and logistics real estate. This partnership leverages our combined strengths to ensure LPA’s successful entry into Mexico’s vibrant and rapidly expanding market. We look forward to supporting LPA’s growth, and to providing premium facilities that meet the evolving needs of top-tier customers in Mexico.”
This strategic partnership reinforces LPA’s position as a regional leader in the industrial and logistics real estate sector, supporting the Company’s commitment to delivering high-performance, EDGE-certified facilities that promote both regional economic growth and sustainability initiatives.
About Logistic Properties of the Americas (NYSE American: LPA)
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in high-growth and high-barrier-to-entry markets in the Americas. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies. LPA expects its strong customer relationships and insight to enable
future growth through the development and acquisition of high-quality, strategically located facilities in its target markets. As of June 30, 2024, LPA consisted of an operating and development portfolio of thirty-one logistic facilities in Colombia, Peru and Costa Rica totaling more than 491,000 square meters (or approximately 5.3 million square feet) of gross leasable area. For more information visit https://ir.lpamericas.com
About Falcon
Falcon is a leading design-build company in Mexico with over 65 years of experience, supporting numerous international clients and many national groups in expanding their operations across the country. With a strong presence in central and southern Mexico, Falcon leverages a skilled team of professionals, along with its steel manufacturing plants and precast concrete facilities, to deliver turnkey projects that meet rigorous international quality and design standards."
Falcon has a proven track record of delivering best-in-class projects for companies that continue to place their trust in its experienced team. By offering innovative, client-focused solutions, Falcon has successfully capitalized on build-to-suit and speculative opportunities in under-supplied markets. Driven by a development strategy focused on meeting growing consumer demand, Falcon consistently addresses unique client needs while contributing to regional economic growth. For more information visit https://falconcm.com.mx/
Logistic Properties of t... (AMEX:LPA)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Logistic Properties of t... (AMEX:LPA)
Historical Stock Chart
Von Nov 2023 bis Nov 2024
