Scaling Peru's Logistics Horizon: Why Logistic Properties of the Americas' Callao Expansion is a Strategic Masterstroke

Peru’s economy, fueled by robust consumption growth and a strategic geographic position linking Latin America to global markets, is emerging as a logistics powerhouse. Nowhere is this more evident than in Logistic Properties of the Americas’ (LPA) aggressive expansion of its Parque Logístico Callao (PLC), a project that underscores the company’s foresight in tapping into Peru’s $500 billion GDP opportunity. With a new 215,300-square-foot facility now operational and part of a larger 1.04-million-square-foot logistics park, LPA is positioning itself at the epicenter of Peru’s supply chain revolution.

The PLC Project: A Blueprint for Modern Logistics

The PLC, located just steps from Lima’s new Jorge Chávez International Airport (99.4% complete as of early 2025, set to open in March), is no ordinary warehouse complex. It is a master-planned logistics ecosystem designed to meet the demands of Peru’s booming e-commerce sector, agro-export industry (the country is the world’s top asparagus and blueberry exporter), and multinational retailers. Key features include:
- 100% occupancy across its existing 421,321-square-foot operational footprint, with leases secured by high-value tenants like Grupo Intercorp subsidiaries and third-party logistics (3PL) providers.
- EDGE and LEED Gold certification, ensuring energy efficiency and sustainability, critical for attracting institutional investors and ESG-conscious clients.
- 1,000 jobs expected post-completion, with an additional 300 construction roles already filled, directly addressing Peru’s 5.7% unemployment rate.

The project’s financial heft is equally striking. LPA’s CEO, Esteban Saldarriaga, has emphasized that PLC’s leases generate long-term, USD-denominated cash flows—a rarity in a region often plagued by currency volatility. With 85.9% of its under-construction space already leased (as of November 2024), the park is already a cash-flow machine.

Why This Matters for Investors

1. Structural Demand in a Growth Market: Peru’s logistics sector is underserved. Only 15% of its warehousing stock meets Class A standards, creating a vacuum LPA is filling. The country’s population of 34 million, concentrated in Lima’s metro area, demands efficient last-mile distribution—a need PLC’s adjacency to the airport perfectly addresses.

2. Sustainability as a Competitive Advantage: PLC’s certifications are not just buzzwords. EDGE and LEED standards reduce operational costs (e.g., energy savings) and open doors to green bond financing—a critical edge as ESG mandates tighten globally.

3. Macro Tailwinds: Peru’s economy is on track to grow 3.5% in 2025 (up from 2.7% in 2024), with logistics infrastructure spending set to surge. The PLC’s role in the $1.56 billion GDP contribution to Callao by 2025—a 14% boost to the region’s economy—makes it a linchpin of national infrastructure strategy.

Risks and Considerations

No investment is without risk. Peru’s political volatility, including potential policy shifts under its new government, could delay airport integration or regulatory approvals. Additionally, global supply chain disruptions (e.g., Chinese manufacturing slowdowns) might reduce demand for Peruvian exports. However, LPA’s diversification across 31 facilities in Costa Rica, Colombia, and Peru mitigates regional overexposure.

Conclusion: A Rare Blend of Pragmatism and Vision

Logistic Properties of the Americas’ PLC expansion is not merely a real estate play—it’s a strategic bet on Peru’s rise as a logistics hub. With 100% occupancy rates, USD-denominated leases, and a 1.04-million-square-foot footprint that meets the highest sustainability standards, LPA is delivering on three critical fronts: cash flow stability, ESG compliance, and job creation.

The numbers speak volumes:
- $1.56 billion GDP boost to Callao by 2025.
- 1,000 permanent jobs in a region where unemployment exceeds 5%.
- 85.9% pre-leasing of under-construction space, signaling tenant confidence.

For investors seeking exposure to Latin America’s logistics boom, LPA’s PLC is a rare opportunity—a project that combines scale, execution, and alignment with Peru’s growth narrative. In a world where supply chain resilience and sustainability are non-negotiable, this is logistics investment at its most compelling.