LatAm Logistic Properties to combine with two to form publicly traded logistics real estate firm in Central and South America
LatAm Logistic Properties S.A. (LLP), a developer, owner and manager of institutional-quality, class A industrial and logistics real estate in Central and South America, and two, an acquisition company, have plans to combine and to become publicly listed on a U.S. stock exchange as LLP.
The combined company will have an estimated post-transaction enterprise value of $578 million.
Pursuant to the business combination agreement, LLP and TWOA will each merge with newly formed subsidiaries of a to-be-formed holding company (Pubco), and Pubco will be the parent company of both companies and LLP following the completion of the business combination.
LLP is one of the only vertically integrated logistics real estate platforms operating across Central and South America. LLP’s portfolio consists of approximately 4.8 million square feet of operating gross leasable area across a network of 28 facilities in Costa Rica, Colombia and Peru, primarily located in high-growth co