Logistic Properties of the Americas Announces US$152 Million Sale of Stabilized Assets in Colombia
Business Wire•05/10/2026•08:30 ET
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Key Highlights
- ➤LPA agrees to sell Colombia logistics assets to Bancolombia for approximately US$152 million
- ➤US$152 million portfolio comprises five fully leased buildings totaling approximately 1.26 million square feet
- ➤LPA expects approximately US$70 million in net after-tax distributable proceeds
- ➤2026 completed and announced transactions exceed US$300 million after LPA’s third disposition
- ➤LPA retains 1.08 million square feet of buildable land and park management rights
Expert Statements
Esteban Saldarriaga, Chief Executive Officer of LPA
“This latest disposition once again demonstrates our ability to effectively develop, manage, optimize, and monetize institutional-grade logistics assets across the entire real estate investment cycle and in multiple geographies.”
Esteban Saldarriaga, Chief Executive Officer of LPA
“Divesting this portfolio will enable us to unlock further value within our cross-border platform and accelerate the shift of our center of mass toward Mexico, our priority growth market.”
Esteban Saldarriaga, Chief Executive Officer of LPA
“Colombia remains an important growth market for LPA, where we intend to selectively develop and operate logistics assets.”
Esteban Saldarriaga, Chief Executive Officer of LPA
“This transaction advances our gradual evolution toward a capital-light model in select geographies through partnerships with institutional investors who recognize the strength of LPA’s brand and its consistent track record of success in the region.”
Guillermo Zarco, Country Manager for Colombia at LPA
“Calle 80 has become a premier logistics destination for leading global and regional companies that require mission-critical locations and service excellence.”
Guillermo Zarco, Country Manager for Colombia at LPA
“This transaction marks another milestone that reflects the quality of LPA’s real estate product, the depth of our relationships, and the world-class capabilities of our local team.”
Guillermo Zarco, Country Manager for Colombia at LPA
“Beyond maintaining Calle 80’s high operating standards and supporting the long-term needs of LPA’s customers in Colombia, we look forward to beginning a new phase of the park’s development to further capitalize on sustained strong demand for modern, strategically located facilities in Bogotá’s key logistics corridor.”
Logistic Properties of the Americas Announces US$152 Million Sale of Stabilized Assets in Colombia
Third disposition of 2026 lifts completed and announced transactions to more than US$300 million; retained, fully serviced land preserves development upside and positions LPA for its next phase in Colombia
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