LatAm Logistic Properties, a San Jose, Costa Rica-based company that develops, builds, and operates logistic real estate projects, raised a total of $77 million of growth capital.
The new capital was arranged by LLP’s strategic partner, Jaguar Growth Partners, LLC, and structured as a co-investment from new and existing institutional investors.
The company intends to use the funds to continue to expand in its key markets in Latin America.
Founded in 2013 by Mike Fangman, CEO, LLP develops, acquires and owns Class-A industrial properties in the target markets of Costa Rica, Peru and Colombia. The firm leverages its team throughout the region via a deep understanding of global customer demands, international best practices in design specifications and construction best practices along with local expertise in market dynamics, site selection and regulatory approvals.
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 over 1 million square feet (93,000 square meters) 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 (465,000 square meters) of GLA in Latin America.
FinSMEs
31/10/2018