LatAm Logistic Properties raises $77m of growth capital for Latin America markets

LatAm Logistic Properties (LLP) has raised a total of $77 million of growth capital as it continues to expand in its key markets in Latin America. The new capital was arranged by LLP’s strategic partner, Jaguar Growth Partners, and structured as a co-investment from new and existing institutional investors.

“This investment marks a key milestone in the company’s trajectory to become the first integrated logistics real estate platform to currently operate in Costa Rica, Peru and Colombia,” said Mike Fangman, CEO of LLP.

With this primary capital investment, LLP will seek to further expand its operations by offering class A warehousing and logistics product in deeply underserved markets in Latin America. The company currently has more than 1 million square feet of gross leasable area (GLA) under contract with multinational tenants and regional leaders. The new capital will seek to allow LLP to build or acquire up to 5 million square feet of GLA in Latin America.

“Since our initial investment in 2015, LLP has become one of the leading developer, owner operating platforms of logistics warehouse facilities in Costa Rica, Peru and Colombia,” said Thomas McDonald, founder and managing partner and head of Americas of Jaguar Growth Partners. “We believe this additional capital reaffirms and fuels LLP’s expansion strategy, its leadership team and the long-term prospects of the Andean region, especially as e-commerce begins to take hold.”