LatAm Logistics Firm to Go Public Via SPAC at $578 Million Value

LatAm Logistic Properties, which owns and operates distribution warehouses in Colombia, Costa Rica and Peru, has agreed to go public in the US via a blank-check company in a deal that will value the combined business at about $578 million including debt.

The company, based in San Jose, Costa Rica, and known as LLP, is the only vertically integrated logistics real estate platform doing business in multiple Central and South American countries, Chief Executive Officer Esteban Saldarriaga said in an interview. The company’s portfolio includes 28 facilities totaling 4.8 million square feet with tenants such as Kraft Heinz Co., ...