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Logistics Platform for Growth

At LatAm Logistic Properties, we understand the unique local market dynamics in urban hubs across Latin America. We are setting a new standard in the Andean Region on behalf of our corporate clients as an institutional warehouse property company. LatAm develops, acquires and operates Class-A warehouse, distribution and logistic property working in close collaboration with leading multi-national and regional corporate clients.

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Logistics Platform for Growth

At LatAm Logistic Properties, we understand the unique local market dynamics in urban hubs across Latin America. We are setting a new standard in the Andean Region on behalf of our corporate clients as an institutional warehouse property company. LatAm develops, acquires and operates Class-A warehouse, distribution and logistic property working in close collaboration with leading multi-national and regional corporate clients.

LatAm Logistic Properties seeks to be the leading developer, owner, and operator of industrial property focused on logistics warehouse facilities in underserved markets in Latin America.

We develop, acquire and own industrial real estate properties in the target markets of Colombia, Peru, Costa Rica & Panama. Pent up demand and sustained regional economic growth has created warehouse development opportunities for Class-A industrial product in large population centers and transportation corridors.

Based in San Jose, Costa Rica, LatAm Logistics Properties was founded in 2013 by CEO Mike Fangman. Jaguar Growth Partners joined as an important strategic partner in 2015.


We invest in markets that are characterized by economic and political stability while leading GDP growth in Latin America.

Our properties are located in the primary population centers of Colombia, Peru, Costa Rica and Panama, and we serve companies whose business models depend on speed to market, operational efficiency and flexibility to accommodate future growth. These markets all share attractive attributes:

  • GDP growth outpaces more mature markets
  • Increasing retail spending and domestic consumption
  • Inventory expansion to meet demand
  • An evolving logistics industry
  • Ongoing replacement of obsolete buildings
  • A young population driving household formation, along with government programs to build middle class housing

Costa Rica

Costa Rica accounts for the strongest middle-class population in Central America and one of the most stable economies in Latin America. This has generated strong local consumption demand, thus creating the need for consumer goods companies, retailers and third party logistics providers (3PL’s) to move into modern distribution facilities.

There is pent up demand for users seeking a modern warehouse facility from which they can distribute to the local consumer population. Availability and functionality of warehouse facilities in San José is insufficient to meet the demands of logistics users.

Panama

Panamá is located at the geographic center of Latin America and is a regional distribution hub. The completion of the Panamá Canal expansion in 2016 will establish Panamá as the crossroads of the Americas. Public and private investment in transportation infrastructure will drive Panamá’s position as a regional distribution hub.

Warehouse demand is increasing as multinationals implement Panama centered Latin America distribution strategy. High quality logistics facilities are a small percentage of existing industrial stock.

Colombia

Colombia’s expanding middle class, young population, vast natural resources and growing trade levels are contributing to economic growth. Colombia is investing in its transportation infrastructure that will drive efficiencies in the supply chain and create opportunities for logistics real estate development.

Companies continue to shift towards leasing, rather that owning, their warehouses. Current stock of existing warehouses for lease is insufficient creating a pent up demand for sophisticated multinational and regional companies seeking modern distribution facilities designed and built to international standards.

Peru

In Peru, domestic demand has been the main driver of growth while favorable demographics, a growing middle income segment, and a large opportunity in consumer credit penetration set the stage for future growth. Peru’s expanding middle class is driving household formation and retail chain store sales.

Domestic consumption is increasing rapidly and the movement of consumer goods related to this activity has created strong demand for modern logistics space. Modernizing an outdated stock of existing warehouses is the opportunity in Lima. Today’s logistics real estate market is characterized by low clear heights, poor truck circulation, and high coverage.

Our target markets are characterized by a lack of modern logistics warehouse facilities when compared to other emerging markets.

LatAm Logistics Properties is ideally positioned to be a first mover and sector leader capitalizing on the pent-up demand, supply deficit and sustained economic growth prevailing in the region. Our unique institutional-quality platform provides tenants with a complete regional logistics real estate solution.

Integrated Solutions

LatAm Logistic Properties is a not a capital allocator but a fully integrated platform with a specialization in logistics real estate. Our operating model is to strategically identify the best markets for logistics real estate investment, formulate a development strategy appropriate to each market, underwrite specific opportunities, implement development and acquisition strategy, and optimize the exit timing and strategy to maximize shareholder value.

Tenant-Focused

LatAm Logistic Properties believes that its focus on customer relationships and its ability to provide regional solutions for a diversified customer base will provide a competitive advantage in leasing. LatAm Logistic Properties approaches customer relationships as a whole rather than a series of stand-alone leases. This approach offers customers the flexibility benefits of a portfolio relationship by streamlining leasing and development processes for customers who have recurring real estate needs in multiple markets and enabling them to work with a single contact across their LatAm Logistic Properties logistics sites.

We seek to maintain open lines of communication with our customers to be responsive to their needs and provide a level of service that we believe will be superior to other landlords in our markets. This regular communication also allows us to gain valuable insights with respect to current and future markets. As we grow in our Target Markets, we will discuss our plans with our customers to expand into that area with the goal of obtaining lease commitments in connection with our planned developments. We believe our focus on customer relationships not only helps us retain existing customers, attract new customers and replace departing tenants quickly and efficiently, but also facilitates our regional growth.

Acquisition Criteria

We are interested in investment opportunities in land sites and existing industrial facilities in Colombia, Costa Rica, Panama, and Peru in the $10 M to $25 M price range. Due to a lack of existing modern warehouse buildings in the region, our primary focus is on the new development of modern warehouse facilities, and therefore land acquisitions are key to our investment strategy. In addition, we will acquire stabilized properties or properties in need of repositioning or redevelopment to serve the needs of our target customers. We are focused on opportunities in:

  • Development of Class A Logistics Warehouse Buildings (Speculative & Build-to-Suit)
  • Stabilized Building Acquisitions & Sale/Leaseback Transactions
  • Redevelopment/Repositioning
  • Truck Terminals

Selected Clients


Costa Rica

Parque Logístico Costa Rica 27-1

Parque Logístico Costa Rica 27-1 is a Class A logistics park with unique and innovative characteristics that far exceed local market standards. It incorporates international standards and best practices for distribution centers, helping our customers to maximize the efficiency of their operations. It is located on the “Radial Coyol”, the new logistics hub of San José, Costa Rica that connects the 2 main transportation routes of the country (Route 1 – Interamerican Highway and Route 27 – Highway to the Pacific port of Caldera). Its central location allows for quick and easy access to the major population centers, highways, seaports and airport.

Characteristics

  • 15 hectare property (37 acres)
  • Wide column spacing.
  • Clear Height of 10 meters (33 ft)
  • Reinforced concrete floor of 6 inches (15cm) designed for 5 metric ton/SM (1,024
    lb/SF) loads
  • High dock door and car parking ratios
  • Large truck courts
  • Fire Protection System: Hoses and cabinets and ready for sprinklers
  • Efficient ventilation and lighting systems

LatAm Logistic Properties

Costa Rica
Forum 1, Edificio C, Oficina 3C1
San José, Costa Rica
Colombia
Av. Calle 82 # 9-65 Of. 302
Bogotá, Colombia
Peru
Av. Juan de Arona N° 151, Of. 701B
Distrito de San Isidro
Lima, Perú
US:  +646 432 0320
CR:  +506 2204 7020
COL:  +57 1 518 5124
PE:  +51 1 710 8700
info@latamlogisticproperties.com