LLP Peru

completed

The team proposes to provide an up to US$14 million A loan and up to US$ 14 million B loan to support LatAm Logistics Properties (“LLP” or the “Sponsor”) in the development of 65,578 m2 Class-A logistics facilities in Lima, Peru (the “Project”). LLP is a new Greenfield company focused on the development, acquisition, leasing, and management of international-standard Class-A logistics facilities in Costa Rica, Peru, Colombia and Panama. The project is located in one of the main corridors in Lima at approximately 35 Km to the south, providing efficient access of goods and services into and out of the city. The size of the lot is 126,724 m2 and the plan is to develop the project in three stages. The first stage of construction corresponds to a warehouse of 22,266 m2, the second stage entails the construction of an additional warehouse of 21,655 m2, and third one comprises a facility of 21,655 m2. Each stage will also have 1,170 m2 of office space, and the whole project will have around 4,000 m2 for supporting infrastructure and sidewalks. Stages two and three will be built conditional on demand. Land preparation works already began and is expected to be finished by May 2017. Construction activities for the first stage are expected to begin the dame date, and be finished by January 2018. After finishing construction activities and leasing the spaces, LLP will contract an administrative company to operate the facilities maintenance of common areas, wastewater treatment plant and fire protection.