$LPA

2 stories mentioning LPAUpdated just now

Every FINWIRES story that references LPA, newest first.

What's the latest news on LPA?

Logistic Properties Receives Regulatory Approval for $145 Million Sale of Peruvian Logistics Park

Logistic Properties of the Americas (LPA) said Friday that Peru's antitrust regulator has approved the company's $145 million sale of logistics park Parque Logistico Lima Sur to real estate investment trust FIBRA Prime.The company said INDECOPI's approval removes the last regulatory obstacle required to close the deal.Logistic Properties is on track to complete the transaction and redeploy the expected net proceeds of $85 million into Mexico, Chief Executive Esteban Saldarriaga said in a statement.Price: $3.19, Change: $+0.12, Percent Change: +3.91%

$LPA

Wire85d ago

Update: Logistic Properties of the Americas Surges Premarket After Unveiling Plans to Sell Peru Logistics Park for $145 Million

(Updates with the stock move in the headline and the first paragraph.)Logistic Properties of the Americas' (LPA) shares were up more than 59% in Thursday's premarket activity after the company overnight said it agreed to sell Parque Logistico Lima Sur, a logistics park in Lima, Peru, to FIBRA Prime for $145 million.Subject to regulatory approvals and customary closing conditions, FIBRA Prime will acquire 100% of the asset, a transaction that the company said validates the carrying value of its real estate portfolio and supports its book value of about $8 per ordinary share.The company said late Wednesday the sale is expected to generate $85 million in net proceeds after debt repayment and before taxes, which it plans to redeploy into its expansion pipeline in Mexico.Price: $5.11, Change: $+1.90, Percent Change: +59.21%

$LPA

Track with the FINWIRES app suite

FolioX

Track LPA in your portfolio

WheelAI

Analyze LPA options with the wheel strategy

StockInsider

See market sentiment on LPA