Logistic Properties of the Americas (LPA) F-1/A 18 Sep 24 Registration statement (foreign) (amended) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Entity Addresses [Line Items]
Document Type	F-1/A
Amendment Flag	true
Amendment Description	Amendment No. 1
Entity Registrant Name	Logistic Properties of the Americas
Entity Central Index Key	0001997711
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	601 Brickell Key Drive
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33131
City Area Code	+ 506
Local Phone Number	2204 7020
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	601 Brickell Key Drive
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33131
City Area Code	+1 (646)
Local Phone Number	663 4950
Contact Personnel Name	Thomas McDonald

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Rental revenue	$ 10,947,094	$ 9,981,395	$ 21,373,343	$ 19,203,738
Other	39,842	8,377	97,055	36,020
Total revenues	10,986,936	9,989,772	21,470,398	19,239,758
Investment property operating expense	(1,708,096)	(1,282,788)	(3,239,890)	(2,639,587)
General and administrative	(4,556,683)	(1,076,238)	(6,250,780)	(2,197,893)
Listing expense			(44,469,613)
Investment property valuation gain	4,550,714	305,441	9,749,988	10,276,377
Interest income from affiliates		158,113	302,808	314,488
Financing costs	(5,808,977)	(12,134,876)	(11,371,356)	(17,636,918)
Net foreign currency gain (loss)	(158,361)	64,474	(176,605)	229,772
Gain on sale of asset held for sale		1,022,853		1,022,853
Other income	10,837,729	52,917	11,148,259	99,510
Other expenses	(1,172,442)	(54,225)	(7,344,817)	(138,422)
Profit before taxes	12,970,820	(2,954,557)	(30,181,608)	8,569,938
INCOME TAX EXPENSE	(539,160)	(1,807,943)	(3,846,518)	(2,759,558)
Total profit for the year	12,431,660	(4,762,500)	(34,028,126)	5,810,380
Items that may be reclassified subsequently to profit or loss:
Translation gain (loss) from functional currency to reporting currency	(7,125,921)	7,132,959	(7,695,204)	9,727,869
Total comprehensive income (loss) for the year	5,305,739	2,370,459	(41,723,330)	15,538,249
PROFIT FOR THE YEAR ATTRIBUTABLE TO:
Owners of the Group	9,907,633	(4,762,860)	(38,123,976)	2,628,360
Non-controlling interests	2,524,027	360	4,095,850	3,182,020
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO:
Owners of the Group	2,781,712	2,370,099	(45,819,180)	12,356,229
Non-controlling interests	$ 2,524,027	$ 360	$ 4,095,850	$ 3,182,020
Weighted average number of shares basic	31,709,747	28,600,000	30,223,220	28,600,000
Weighted average number of shares diluted	31,863,168	28,600,000	30,223,220	28,600,000
Earnings per share attributable to owners of the Group basic	$ 0.31	$ (0.17)	$ (1.26)	$ 0.09
Earnings per share attributable to owners of the Group diluted	$ 0.31	$ (0.17)	$ (1.26)	$ 0.09
Latam Logistic Properties SA [member]
REVENUES
Rental revenue					$ 39,327,779	$ 31,890,569	$ 25,553,931
Other					108,564	92,998	42,142
Total revenues					39,436,343	31,983,567	25,596,073
Investment property operating expense					(5,142,950)	(5,407,439)	(4,087,365)
General and administrative					(8,508,862)	(4,609,195)	(5,394,201)
Investment property valuation gain					20,151,026	3,525,692	12,610,127
Interest income from affiliates					664,219	561,372	424,838
Financing costs					(31,111,064)	(11,766,726)	(9,799,558)
Net foreign currency gain (loss)					284,706	299,762	(707,570)
Gain (loss) on sale of investment properties					1,165,170	(398,247)
Gain on sale of asset held for sale					1,022,853
Other income					307,822	100,127	151,391
Other expenses					(6,132,636)	(611,173)	(1,367,647)
Profit before taxes					12,136,627	13,677,740	17,426,088
INCOME TAX EXPENSE					(4,980,622)	(2,236,507)	(8,756,703)
Total profit for the year					7,156,005	11,441,233	8,669,385
Items that may be reclassified subsequently to profit or loss:
Translation gain (loss) from functional currency to reporting currency					18,373,064	(13,533,732)	(12,522,802)
Total comprehensive income (loss) for the year					25,529,069	(2,092,499)	(3,853,417)
PROFIT FOR THE YEAR ATTRIBUTABLE TO:
Owners of the Group					3,139,333	8,028,610	4,126,505
Non-controlling interests					4,016,672	3,412,623	4,542,880
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO:
Owners of the Group					21,512,397	(5,505,122)	(8,396,297)
Non-controlling interests					$ 4,016,672	$ 3,412,623	$ 4,542,880
Weighted average number of shares basic					28,600,000	28,600,000	28,600,000
Weighted average number of shares diluted					28,600,000	28,600,000	28,600,000
Earnings per share attributable to owners of the Group basic					$ 0.11	$ 0.28	$ 0.14
Earnings per share attributable to owners of the Group diluted					$ 0.11	$ 0.28	$ 0.14

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Financial Position - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 48,173,742	$ 35,242,363	$ 14,988,112
Due from affiliates		9,463,164
Lease and other receivables, net	3,384,827	3,557,988
Receivable from the sale of investment properties – short term	5,751,931	4,072,391
Prepaid construction costs	298,223	1,123,590
Restricted cash equivalent – short term	2,000,000	2,000,000
Prepaid income taxes	1,009,808	651,925
Other current assets	3,276,935	2,791,593
Total current assets	63,895,466	58,903,014
NON-CURRENT ASSETS:
Investment properties	525,862,522	514,172,281	449,036,633
Tenant notes receivables – long term, net	5,565,780	6,002,315
Receivable from the sale of investment properties – long term		4,147,507
Restricted cash equivalent – long term	2,739,916	681,110
Property and equipment, net	329,868	354,437
Deferred tax asset	312,378	1,345,859
Other non-current assets	5,483,834	5,218,787
Total non-current assets	540,294,298	531,922,296
TOTAL ASSETS	604,189,764	590,825,310
CURRENT LIABILITIES:
Accounts payable and accrued expenses	10,544,627	13,127,502
Income tax payable	1,760,485	2,024,865
Retainage payable	1,558,684	1,737,805
Long term debt – current portion	12,287,698	16,703,098
Other current liabilities	790,547	959,539
Total current liabilities	26,942,041	34,552,809
NON—CURRENT LIABILITIES:
Long term debt	263,590,781	253,151,137
Deferred tax liability	37,805,728	37,451,338
Security deposits	2,500,277	1,790,554
Other non-current liabilities	4,137,761	2,936,555
Total non-current liabilities	308,034,547	295,329,584
TOTAL LIABILITIES	334,976,588	329,882,393
EQUITY:
Common share capital	3,171	168,142,740
Additional paid-in capital	216,229,708
Retained earnings	29,754,669	67,878,645
Foreign currency translation reserve	(21,390,187)	(13,694,983)
Equity attributable to owners of the Group	224,597,361	222,326,402
Non-controlling interests	44,615,815	38,616,515
Total equity	269,213,176	260,942,917	234,066,470
TOTAL LIABILITIES AND EQUITY	$ 604,189,764	590,825,310
Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents		35,242,363	14,988,112
Due from affiliates		9,463,164	8,798,945
Lease and other receivables, net		3,557,988	2,516,525
Receivable from the sale of investment properties – short term		4,072,391
Prepaid construction costs		1,123,590	2,317,383
Restricted cash equivalent – short term		2,000,000
Asset held for sale			2,977,147
Other current assets		3,443,518	1,708,313
Total current assets		58,903,014	33,306,425
NON-CURRENT ASSETS:
Investment properties		514,172,281	449,036,633
Tenant notes receivables – long term, net		6,002,315	6,796,584
Receivable from the sale of investment properties – long term		4,147,507
Restricted cash equivalent – long term		681,110	3,252,897
Property and equipment, net		354,437	427,719
Deferred tax asset		1,345,859	239,281
Other non-current assets		5,218,787	4,559,330
Total non-current assets		531,922,296	464,312,444
TOTAL ASSETS		590,825,310	497,618,869
CURRENT LIABILITIES:
Accounts payable and accrued expenses		13,127,502	8,591,922
Deposits for the sale of assets			2,400,000
Income tax payable		2,024,865	663,703
Retainage payable		1,737,805	3,001,433
Long term debt – current portion		16,703,098	110,943,460
Other current liabilities		959,539	54,983
Total current liabilities		34,552,809	125,655,501
NON—CURRENT LIABILITIES:
Long term debt		253,151,137	98,383,315
Deferred tax liability		37,451,338	37,215,884
Security deposits		1,790,554	1,706,959
Other non-current liabilities		2,936,555	590,740
Total non-current liabilities		295,329,584	137,896,898
TOTAL LIABILITIES		329,882,393	263,552,399
EQUITY:
Common share capital		168,142,740	168,142,740
Retained earnings		67,878,645	64,739,312
Foreign currency translation reserve		(13,694,983)	(32,068,047)
Equity attributable to owners of the Group		222,326,402	200,814,005
Non-controlling interests		38,616,515	33,252,465
Total equity		260,942,917	234,066,470
TOTAL LIABILITIES AND EQUITY		$ 590,825,310	$ 497,618,869

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Changes in Equity - USD ($)	Issued capital [member]	Issued capital [member] Latam Logistic Properties SA [member]	Additional paid-in capital [member]	Additional paid-in capital [member] Latam Logistic Properties SA [member]	Retained earnings [member]	Retained earnings [member] Latam Logistic Properties SA [member]	Foreign currency translation reserve [member]	Foreign currency translation reserve [member] Latam Logistic Properties SA [member]	Equity attributable to owners of parent [member]	Equity attributable to owners of parent [member] Latam Logistic Properties SA [member]	Non-controlling interests [member]	Non-controlling interests [member] Latam Logistic Properties SA [member]	Total	Latam Logistic Properties SA [member]	Membership units [member] Latam Logistic Properties SA [member]
Balance at Dec. 31, 2020				$ 168,142,696		$ 52,584,197		$ (6,011,513)		$ 214,715,480		$ 23,605,352		$ 238,320,832	$ 100
Balance, shares at Dec. 31, 2020															100
IfrsStatementLineItems [Line Items]
Profit for the year						4,126,505				4,126,505		4,542,880		8,669,385
Other comprehensive loss								(12,522,802)		(12,522,802)				(12,522,802)
Total comprehensive income for the Year						4,126,505		(12,522,802)		(8,396,297)		4,542,880		(3,853,417)
Capital Contributions												4,084,160		4,084,160
Distributions paid to non-controlling interest												(1,024,747)		(1,024,747)
Conversion from S.R.L. to S.A.		$ 168,142,740		(168,142,696)						(56)				(56)	$ (100)
Conversion from S.R.L. to S.A., shares		168,142,740													(100)
Balance at Dec. 31, 2021		$ 168,142,740				56,710,702		(18,534,315)		206,319,127		31,207,645		237,526,772
Balance, shares at Dec. 31, 2021		168,142,740
IfrsStatementLineItems [Line Items]
Profit for the year						8,028,610				8,028,610		3,412,623		11,441,233
Other comprehensive loss								(13,533,732)		(13,533,732)				(13,533,732)
Total comprehensive income for the Year						8,028,610		(13,533,732)		(5,505,122)		3,412,623		(2,092,499)
Capital Contributions												700,000		700,000
Distributions paid to non-controlling interest												(2,067,803)		(2,067,803)
Balance at Dec. 31, 2022	$ 168,142,740	$ 168,142,740			$ 64,739,312	64,739,312	$ (32,068,047)	(32,068,047)	$ 200,814,005	200,814,005	$ 33,252,465	33,252,465	$ 234,066,470	$ 234,066,470
Balance, shares at Dec. 31, 2022	168,142,740	168,142,740												168,142,740
IfrsStatementLineItems [Line Items]
Profit for the year					2,628,360				2,628,360		3,182,020		5,810,380
Other comprehensive loss							9,727,869		9,727,869				9,727,869
Total comprehensive income for the Year					2,628,360		9,727,869		12,356,229		3,182,020		15,538,249
Share-based payments
Capital Contributions											1,000,000		1,000,000
Distributions paid to non-controlling interest											(4,522,937)		(4,522,937)
Balance at Jun. 30, 2023	$ 168,142,740				67,367,672		(22,340,178)		213,170,234		32,911,548		246,081,782
Balance, shares at Jun. 30, 2023	168,142,740
Balance at Dec. 31, 2022	$ 168,142,740	$ 168,142,740			64,739,312	64,739,312	(32,068,047)	(32,068,047)	200,814,005	200,814,005	33,252,465	33,252,465	234,066,470	$ 234,066,470
Balance, shares at Dec. 31, 2022	168,142,740	168,142,740												168,142,740
IfrsStatementLineItems [Line Items]
Profit for the year						3,139,333				3,139,333		4,016,672		$ 7,156,005
Other comprehensive loss								18,373,064		18,373,064				18,373,064
Total comprehensive income for the Year						3,139,333		18,373,064		21,512,397		4,016,672		25,529,069
Capital Contributions												5,870,314		5,870,314
Distributions paid to non-controlling interest												(4,522,936)		(4,522,936)
Balance at Dec. 31, 2023	$ 168,142,740	$ 168,142,740			67,878,645	$ 67,878,645	(13,694,983)	$ (13,694,983)	222,326,402	$ 222,326,402	38,616,515	$ 38,616,515	260,942,917	$ 260,942,917
Balance, shares at Dec. 31, 2023	168,142,740	168,142,740												168,142,740
IfrsStatementLineItems [Line Items]
Profit for the year					(38,123,976)				(38,123,976)		4,095,850		(34,028,126)
Other comprehensive loss							(7,695,204)		(7,695,204)				(7,695,204)
Total comprehensive income for the Year					(38,123,976)		(7,695,204)		(45,819,180)		4,095,850		(41,723,330)
Impact of reverse capitalization	$ (168,140,109)		168,140,109
Impact of reverse capitalization shares	(141,830,740)
Issuance of shares to TWOA shareholders upon reverse capitalization	$ 390		(2,754,110)						(2,753,720)				(2,753,720)
Issuance of shares to TWOA shareholders upon reverse capitalization shares	3,897,747
Issuance of shares to PIPE Investor	$ 150		14,999,850						15,000,000				15,000,000
Issuance of shares to pipe Investor shares	1,500,000
Foreclosure of the collateralized LLP Shares held by LLI upon Closing			(9,765,972)						(9,765,972)				(9,765,972)
Listing expense			44,469,613						44,469,613				44,469,613
Share-based payments			1,140,218						1,140,218				1,140,218
Capital Contributions											2,403,450		2,403,450
Distributions paid to non-controlling interest											(500,000)		(500,000)
Balance at Jun. 30, 2024	$ 3,171		$ 216,229,708		$ 29,754,669		$ (21,390,187)		$ 224,597,361		$ 44,615,815		$ 269,213,176
Balance, shares at Jun. 30, 2024	31,709,747

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Cash Flows	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Cash flows from operating activities:
Profit for the year	$ (34,028,126)	$ 5,810,380
Adjustments:
Share-based payments	1,140,218
Depreciation and amortization	55,534	54,205
Adjustment for expected credit losses	24,081	(99,776)
Net foreign currency (gain) loss	48,866	(337,471)
Amortization of right-of-use assets	34,047	26,999
Investment property valuation gain	(9,749,988)	(10,276,377)
Financing costs	11,371,356	17,636,918
Gain on sale of asset held for sale		(1,022,853)
Loss on disposal of property and equipment		82,465
Straight-line rent	(463,318)	(1,413,168)
Interest income	(424,155)
Interest income from affiliates	(302,808)	(314,488)
Income from lock-up release (net), classified as financing cash flow	(8,695,972)
Listing expense	44,469,613
Income tax expense	3,846,518	2,759,558
Working capital adjustments
Working capital adjustments	3,783,436	(761,046)
Income tax paid	(3,900,763)	(3,842,718)
Net cash provided by operating activities	7,208,539	8,302,628
Cash flows from investing activities:
Capital expenditure on investment properties	(11,681,535)	(10,672,226)
Purchase of property and equipment	(19,886)	(107,305)
Proceeds from sale of investment properties	2,361,010
Proceeds from sale of asset held for sale		1,600,000
Repayments on loans to tenants	397,844	371,703
Restricted cash equivalent	(2,058,806)	1,957,953
Net cash used in investing activities	(11,001,373)	(6,849,875)
Cash flows from financing activities:
Long term debt borrowing	13,091,001	113,971,395
Long term debt repayment	(3,250,201)	(98,400,674)
Cash paid for raising debt	(59,975)	(394,686)
Debt extinguishment cost paid		(1,552,683)
Interest and commitment fee paid	(11,686,352)	(11,779,772)
Capital contributions from non-controlling partners	2,403,450	1,000,000
Distributions to non-controlling partners	(500,000)	(4,522,937)
Proceeds from Business Combination, net of transaction costs paid	8,174,119
Proceeds from lock-up release, net of transaction costs paid	8,695,972
Repayment of office lease liabilities	(30,224)	(16,284)
Net cash provided by financing activities	16,837,790	(1,695,641)
Effects of exchange rate fluctuations on cash held	(113,577)	139,193
Net increase (decrease) in cash and cash equivalents	12,931,379	(103,695)
Cash and cash equivalents at the beginning of year	35,242,363	14,988,112	$ 14,988,112
Cash and cash equivalents at the end of year	48,173,742	14,884,417	35,242,363	$ 14,988,112
Supplemental disclosure of noncash investing and financing activities:
Forgiveness of loan receivable from Latam Logistics Investments, LLC (“LLI”)	(9,765,972)
Assumption of net liabilities from TWOA as a result of the Business Combination	3,874,870
Increase in accrued payables for investment properties		1,970,512
New lease liabilities in exchange for lease right-of-use assets		2,507,992
Latam Logistic Properties SA [member]
Cash flows from operating activities:
Profit for the year			7,156,005	11,441,233	$ 8,669,385
Adjustments:
Depreciation and amortization			107,229	124,287	139,896
Adjustment for expected credit losses			(87,723)	1,470,990	1,062,133
Net foreign currency (gain) loss			(507,152)	(325,135)	302,638
Amortization of right-of-use assets			60,666	104,198	96,662
Investment property valuation gain			(20,151,026)	(3,525,692)	(12,610,127)
Financing costs			31,111,064	11,766,726	9,799,558
(Gain) loss on sale of investment properties			(1,165,170)	398,247
Gain on sale of asset held for sale			(1,022,853)
Loss on disposal of property and equipment			83,389	30,269	925
(Gain) loss on disposition of asset held for sale			(1,022,853)
Straight-line rent			(1,035,592)	(2,423,347)	(1,984,366)
Interest income			(763,208)	(561,372)	(424,838)
Income tax expense			4,980,622	2,236,507	8,756,703
Working capital adjustments
Lease and other receivables, net			(1,180,448)	1,092,549	(5,185,489)
Other current assets and other assets			(1,378,914)	(1,295,515)	1,414,116
Accounts payable and accrued expenses			4,963,720	(1,558,595)	619,206
Security deposits			454,556	346,458	417,547
Retainage payable			(1,147,401)	74,730	663,420
Income tax payable			1,361,162	539,231	(492,438)
Income tax paid			(4,639,456)	(324,624)	(1,392,680)
Net cash provided by operating activities			17,199,470	19,611,145	9,852,251
Cash flows from investing activities:
Capital expenditure on investment properties			(28,409,164)	(40,975,109)	(48,254,733)
Acquisitions of investment properties, net of closing costs					(22,443,229)
Purchase of property and equipment			(126,476)	(88,487)	(97,687)
Proceeds from sale of investment properties			2,778,063	8,874,753
Proceeds from sale of asset held for sale			1,600,000	1,200,000	1,200,000
Loans to affiliates				(2,100,000)	(685,000)
Loans to tenants for leasehold improvement			(389,695)	(4,687,480)	(801,384)
Repayments on loans to tenants			775,263	671,937	407,600
Restricted cash equivalent			571,787	620,450	3,812,470
Net cash used in investing activities			(23,200,222)	(36,483,936)	(66,861,963)
Cash flows from financing activities:
Long term debt borrowing			205,676,643	44,217,867	78,626,400
Long term debt repayment			(152,482,361)	(13,335,183)	(11,860,052)
Cash paid for raising debt			(1,175,820)	(41,550)	(1,070,987)
Debt extinguishment cost paid			(2,473,134)
Interest and commitment fee paid			(24,862,976)	(14,505,955)	(9,391,336)
Capital contributions from non-controlling partners			5,868,152	700,000	4,084,160
Distributions to non-controlling partners			(4,522,936)	(2,067,803)	(1,024,747)
Repayment of office lease liabilities			(50,112)	(163,072)	(99,380)
Net cash provided by financing activities			25,977,456	14,804,304	59,264,058
Effects of exchange rate fluctuations on cash held			277,547	(303,754)	(352,796)
Net increase (decrease) in cash and cash equivalents			20,254,251	(2,372,241)	1,901,550
Cash and cash equivalents at the beginning of year	$ 35,242,363	$ 14,988,112	14,988,112	17,360,353	15,458,803
Cash and cash equivalents at the end of year			$ 35,242,363	$ 14,988,112	$ 17,360,353

NATURE OF BUSINESS

NATURE OF BUSINESS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
NATURE OF BUSINESS	1. NATURE OF BUSINESS Logistic Properties of the Americas (“LPA”) is a Cayman Islands exempted company formed on October 9, 2023. The registered office is located in Plaza Tempo, Edificio B Oficina B1, Piso 2, San Rafael de Escazú, San José, Costa Rica. Logistic Properties of the Americas, through its affiliates and subsidiaries (jointly referred to as the “Company”) is a fully integrated, internally managed real estate company that develops, owns and manages a diversified portfolio of warehouse logistics assets in Central and South America. On March 27, 2024, LPA consummated the previously announced business combination pursuant to the business combination agreement, dated as of August 15, 2023 (“Business Combination Agreement”), with two, a Cayman Islands exempted company (“TWOA”), LatAm Logistic Properties, S.A., a company incorporated under the laws of Panama (“LLP”), Logistic Properties of the Americas Subco, a Cayman Islands exempted company and a wholly-owned subsidiary of LPA (“SPAC Merger Sub”), and LPA Panama Group Corp., a company incorporated under the laws of Panama and a wholly-owned subsidiary of LPA (“Company Merger Sub”) (the “Business Combination”). SCHEDULE OF OWNERSHIP STRUCTURE As a result of the Business Combination, TWOA and LLP became wholly-owned subsidiaries of LPA, and LPA ordinary shares (“Ordinary Shares”) were listed on the New York Stock Exchange (“NYSE”) under the symbol “LPA”. Refer to Note 3 for more details. Since TWOA did not meet the definition of a business under the guidance of International Financial Reporting Standards as issued by the International Accounting Standards Board (“IASB”) (“IFRS”) 3, the Business Combination was accounted for as a share-based payment transaction in accordance with IFRS 2, Share-Based Payment (IFRS 2), and the Business Combination was accounted for as a reverse capitalization in accordance with IFRS. Under this method of accounting, TWOA was treated as the acquired company for financial reporting purposes and LLP was treated as the accounting acquirer. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of LLP issuing shares for the net assets of TWOA. The unaudited condensed consolidated interim financial statements were prepared as a continuation of LLP and its subsidiaries as LLP is considered the accounting predecessor. Accordingly, all historical financial information presented in these condensed consolidated interim financial statements represents the accounts of LLP. The comparative financial information in relation to the shares and basic and diluted earnings (loss) per share attributable to equity holders of the Company, prior to the Business Combination, have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination. These unaudited condensed consolidated interim financial statements should be read in conjunction with LLP’s most recent audited consolidated financial statements and notes.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
NATURE OF BUSINESS		1. NATURE OF BUSINESS Latam Logistic Properties, S.A. (“LLP” or “the Parent Company”) is a company organized in accordance with the laws of the Republic of Panama, constituted as a limited liability company, by public deed dated April 29, 2015, and registered before the Public Registry of Panama on May 4, 2015. The registered office is located in BMW Plaza, 9th floor, Calle 50, Panama City, Republic of Panama. Latam Logistic Properties, S.A., through its affiliates and subsidiaries (jointly referred to as “the Group” and individually as “Group entities”), is a fully-integrated, internally managed real estate company that develops, owns and manages a diversified portfolio of warehouse logistics assets in Central and South America. The consolidated financial statements of the Group as of December 31, 2023 and 2022 and the years ended December 31, 2023, 2022 and 2021 include the consolidated financial information of LLP and its subsidiaries. Information on the Group’s structure is provided in Note 2. As of December 31, 2023, and 2022, Latam Logistic Properties, S.A. ownership structure was as follows: SCHEDULE OF OWNERSHIP STRUCTURE 2023 2022 Number of Common Shares % of Ownership Number of Common Shares % of Ownership JREP I Logistics Acquisition, L.P. (1) 149,378,010 88.8% 149,378,010 88.8% Latam Logistics Investments, LLC 13,451,419 8.0% 13,451,419 8.0% Latam Logistic Equity Partners, LLC 5,313,311 3.2% 5,313,311 3.2% Total 168,142,740 100.0% 168,142,740 100.0% (1) JREP I Logistics Acquisition L.P. (“JREP I”) is the Group’s majority shareholder and controlling investor with 88.8 Business Combination Agreement - On August 15, 2023, two, a Cayman Islands exempted company (“TWOA”), announced the execution of a definitive business combination agreement (“Business Combination Agreement”) with LLP, and, by joinder agreements, each of Logistic Properties of the Americas, a Cayman Islands exempted company (“Pubco”), Logistic Properties of the Americas Subco, a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco (“SPAC Merger Sub”), and LPA Panama Group Corp., a company incorporated under the laws of Panama and a wholly-owned subsidiary of Pubco (“Company Merger Sub”), for a proposed business combination among the parties (the “Business Combination”). Under the Business Combination Agreement, at the closing of the transactions contemplated by the Business Combination Agreement (the “Closing”), among other matters, (a) SPAC Merger Sub will merge with and into TWOA, with TWOA continuing as the surviving company (the “SPAC Merger”), and, in connection therewith, each issued and outstanding security of TWOA immediately prior to the effective time of the Mergers (as defined below) (the “Effective Time”) will no longer be outstanding and will automatically be canceled, in exchange for the right of the holder thereof to receive a substantially equivalent security of Pubco; (b) Company Merger Sub will merge with and into LLP, with LLP continuing as the surviving company (the “Company Merger,” and, together with the SPAC Merger, the “Mergers”), and, in connection therewith, the LLP shares issued and outstanding immediately prior to the Effective Time will be canceled in exchange for the right of the holders thereof to receive ordinary shares of Pubco (“Pubco Ordinary Shares”); and (c) as a result of the Mergers, TWOA and LLP will each become wholly-owned subsidiaries of Pubco, and Pubco Ordinary Shares will be listed on The New York Stock Exchange (“NYSE”) under the symbol “LPA”, all upon the terms and subject to the conditions set forth in the Business Combination Agreement. The Business Combination was consummated on March 27, 2024. Refer to Note 25 for more details. Conversion from S.R.L. to S.A . On January 2, 2021, the General Assembly of Shareholders unanimously approved the transformation and conversion of LatAm Logistic Properties, S.A. from a limited liability company to a corporation, resolution duly registered with the Public Registry of Panama on January 13, 2021 (the “Conversion”). In accordance with the bylaws of a limited liability company and up to conversion date on January 2, 2021, the capital structure of Latam Logistic Properties, S.A. was through Membership Units. The Group evaluated the facts and circumstances and concluded the Conversion represented a capital restructuring, which was reflected in the consolidated statements of changes in equity prospectively. Additionally, the Conversion resulted in an exchange of equity interest that was akin to a stock split. As such, the change in capital stock was reflected retrospectively for earnings per share (“EPS”) purposes.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
MATERIAL ACCOUNTING POLICY INFORMATION	2. MATERIAL ACCOUNTING POLICY INFORMATION a. Basis of Accounting The condensed consolidated interim financial statements have been prepared on the historical cost basis except certain investment properties that are measured at fair value as of end of each reporting period, as explained in the accounting policies included in LLP’s most recent audited consolidated financial statements and notes. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. These condensed consolidated interim financial statements follow the same significant accounting policies as those included in LLP’s most recent audited consolidated financial statements. Management believes that all adjustments that are required for a proper presentation of the financial information are incorporated in these condensed consolidated interim financial statements. b. Going Concern As described further in Note 11, the Company obtained a waiver relating to compliance with the debt service coverage ratio as required by its loan covenants with Bancolombia, S.A. (“Bancolombia”) for the assessment on June 30, 2024 and December 31, 2024. The next testing period for the covenants will occur on June 30, 2025. The outstanding Bancolombia loan balance as of June 30, 2024 was $ 38.0 1.6 The Company’s lending agreements with Bancolombia are only collateralized by four Colombian investment properties, which were valued at $ 88.8 90.3 4.4 20.3 c. Share-based Payment Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect of non-market-based vesting conditions. The fair value determined at the grant date of the equity-settled share-based payments is expensed ratably over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period) with a corresponding increase in equity. The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of the number of equity instruments that will eventually vest. For awards with graded vesting, the fair value determined at the grant date is expensed on a tranche-by-tranche basis using the accelerated attribution method. At each reporting date, the Company revises its estimate of the number of equity instruments expected to vest pursuant to service and non-market-based vesting conditions. The impact of the revision of the original estimates, if any, is recognized in the condensed consolidated interim statement of profit or loss and other comprehensive income (loss) such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to additional paid-in capital. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards. Market conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting conditions, which are reflected in the fair value of an award. Equity-settled share-based payment transactions with parties other than employees are measured at the fair value of the goods or services received, except where that fair value cannot be estimated reliably, in which case they are measured at the fair value of the equity instruments granted, measured at the date the entity obtains the goods or the counterparty renders the service. d. Foreign Currency ● Functional and Presentation Currency - SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2024 2023 Costa Rican Colones (“CRC”) CRC 530 CRC 549 Peruvian Soles (“PEN”) PEN 3.84 PEN 3.64 Colombian Pesos (“COP”) COP 4,148 COP 4,191 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the three months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 516 CRC 544 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.71 Colombian Pesos (“COP”) COP 3,926 COP 4,415 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the six months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 517 CRC 556 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.76 Colombian Pesos (“COP”) COP 3,920 COP 4,587 ● Foreign Currency Transactions - Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognized in profit or loss. Foreign Operations - Foreign currency differences are recognized in other comprehensive income (OCI) and accumulated in a separate line item in the Company’s consolidated statements of changes in equity under “Foreign currency translation reserve”, except to the extent that the translation difference is allocated to non-controlling interests (NCI). When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the foreign currency translation reserve account related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Company disposes of part of its interest in a subsidiary but retains control, then, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Company disposes only part of an associate while retaining significant influence, the relevant proportion of the cumulative amount is reclassified to profit or loss. e. Basis of Consolidation - ● Has the power over the investee; ● Is exposed, or has rights, to variable returns from its involvement with the investee; and ● Has the ability to use its power to affects its returns. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Company has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the contractual rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including: ● The size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● Exposure, or rights, to variable returns from its involvement with the investee ● Any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made including the ability to use its power over the investee to affect the amount of the investor’s returns Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control. Specifically, the results of subsidiaries acquired or disposed of during the year are included in profit or loss from the date the Company gains control until the date when the Company ceases to control the subsidiary. Profit or loss and each component of other comprehensive loss are attributed to owners of the Company and to the non-controlling interests. Total comprehensive income of the subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Company’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Company are eliminated upon consolidation. Non-controlling interests in subsidiaries are identified separately from the Company’s equity therein. Those interests of non-controlling shareholders that are present ownership interests entitling their holders to a proportionate share of net assets upon liquidation may initially be measured at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement is made on an acquisition-by-acquisition basis. Other non-controlling interests are initially measured at fair value. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance. Changes in the Company’s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Company’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Company. When the Company loses control of a subsidiary, the gain or loss on disposal recognized in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value, as of the date control is lost, of any retained interest in the subsidiary and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive loss in relation to that subsidiary are accounted for as if the Company had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 Financial Instruments when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. The condensed consolidated financial statements include the financial information of Logistic Properties of the Americas (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interests Entities Country June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Latam Logistic Properties S.A. Panamá 100% N/A two Cayman Islands 100% N/A Latam Logistic Property Holdings, LLC United States 100% 100% LPA Corporate Services Inc. United States 100% N/A Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Logistic Property Asset Management, S de R.L. (3) Panamá 100% 100% Latam Logistic Pan Holdco Verbena Fase II, S de R.L. (4) Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 40% 60% 60% Latam Logistic COL OpCo, S.A. (5) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic Pan Holdco Santiago I, S de R.L. (4) Formerly known as Latam Logistic Pan Holdco Santo Domingo, S de R.L. (5) Formerly known as Latam Logistic COL OpCo, S.A.S. f. New and amended IFRS accounting standards that are effective for the current year The condensed consolidated interim financial statements and notes are based on accounting policies consistent with those described in Note 2 to the LLP’s most recent audited consolidated financial statements and notes. All the new and amended IFRS accounting standards effective as of June 30, 2024 that are relevant to the Company have already been early adopted before January 1, 2024. See details below: Amendments to IAS 1 Amendments to IAS 1 The IASB also specifies that the right to defer settlement of a liability for at least twelve months after the reporting date is not affected if an entity only has to comply with a covenant after the reporting period. However, if the entity’s right to defer settlement of a liability is subject to the entity complying with covenants within twelve months after the reporting period, an entity discloses information that enables users of financial statements to understand the risk of the liabilities becoming repayable within twelve months after the reporting period. This would include information about the covenants (including the nature of the covenants and when the entity is required to comply with them), the carrying amount of related liabilities and facts and circumstances, if any, that indicate that the entity may have difficulties complying with the covenants. The amendment is effective for annual reporting periods beginning on or after January 1, 2024. The Company early adopted the amendment as of January 1, 2023. g. New and amended IFRS Accounting Standards issued but not yet effective At the date of authorization of these financial statements, the Company has not applied the following new IFRS Accounting Standards that have been issued but are not yet effective: IFRS 18 Presentation and Disclosure in Financial Statements
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
MATERIAL ACCOUNTING POLICY INFORMATION		2. MATERIAL ACCOUNTING POLICY INFORMATION a. Basis of Accounting The consolidated financial statements have been prepared on the historical cost basis except certain investment properties that are measured at fair value as of end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. The Group management believes that all adjustments that are required for a proper presentation of the financial information are incorporated in these consolidated financial statements. b. Going Concern As described further in Note 16, the Group obtained a waiver relating to compliance with the debt service coverage ratio as required by its loan covenants with Bancolombia. This waiver remains in force through December 31, 2023. In September 2023, the Group restructured its Bancolombia debt to defer principal payments until May 2024, at which point the Group will have 12 months to pay this accrued principal and interest in full at no additional cost and will subsequently be tested for compliance with the debt service coverage ratio on June 30, 2024 as required by its debt covenants. The outstanding Bancolombia loan balance as of December 31, 2023 was $ 41.8 1.1 While the Group has fulfilled all debt service payments required by its lending agreements in all jurisdictions to date, current interest rates in Colombia make it probable that further debt waivers, restructuring, or repayment will be necessary relating to the Bancolombia loan prior to May 2024, when principal payments resume on the loan. The Group’s lending agreements with Bancolombia are only collateralized by four Colombian investment properties, which were valued at $ 90.3 67.5 8.0 20.4 c. Foreign Currency ● Functional and Presentation Currency - SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2023 2022 Costa Rican Colones (“CRC”) CRC 527 CRC 602 Peruvian Soles (“PEN”) PEN 3.713 PEN 3.820 Colombian Peso (“COP”) COP 3,822 COP 4,810 The average rates for a USD to relevant currencies for the Group $1.00 were the following for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Costa Rican Colones (“CRC”) CRC 547 CRC 651 CRC 624 Peruvian Soles (“PEN”) PEN 3.747 PEN 3.840 PEN 3.885 Colombian Peso (“COP”) COP 4,321 COP 4,255 COP 4,743 ● Foreign Currency Transactions - Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognized in profit or loss. Foreign Operations - Foreign currency differences are recognized in other comprehensive income (OCI) and accumulated in a separate line item in the Group’s consolidated statements of changes in equity under “Foreign currency translation reserve”, except to the extent that the translation difference is allocated to non-controlling interests (NCI). When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the foreign currency translation reserve account related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Group disposes of part of its interest in a subsidiary but retains control, then, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Group disposes only part of an associate while retaining significant influence, the relevant proportion of the cumulative amount is reclassified to profit or loss. d. Use of Significant Judgements and Estimates The following are the critical accounting judgements and key sources of estimation uncertainty, that the management have made in the process of applying the Group’s accounting policies and that have the most significant effect on the amounts recognized in financial statements. ● Leases Definition of a lease Under IFRS 16, a lease is a contract (i.e., an agreement between two or more parties that creates enforceable rights and obligations), or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration. Property lease classification – the Group as lessor The Group has entered into leases on its investment property portfolio. The Group has determined, based on an evaluation of the terms and conditions of the arrangements, such as the lease term not constituting a major part of the economic life of the property and the present value of the minimum lease payments not amounting to substantially all of the fair value of the property, that it retains substantially all the risks and rewards incidental to ownership of this property and accounts for the contracts as operating leases. Estimating the incremental borrowing rate – the Group as lessee The Group cannot readily determine the interest rate implicit in leases where it is the lessee, therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The IBR is the rate of interest that the Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The Group estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates (such as the subsidiary’s stand-alone credit rating). ● Receivable from the sale of investment properties ● Investment Properties ● Impairment of Financial Assets ● Control for partnership agreements – e. Basis of Consolidation - ● Has the power over the investee; ● Is exposed, or has rights, to variable returns from its involvement with the investee; and ● Has the ability to use its power to affects its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Group has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the contractual rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Group considers all relevant facts and circumstances in assessing whether or not the Group’s voting rights in an investee are sufficient to give it power, including: ● The size of the Group’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● Exposure, or rights, to variable returns from its involvement with the investee ● Any additional facts and circumstances that indicate that the Group has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made including the ability to use its power over the investee to affect the amount of the investor’s returns Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control. Specifically, the results of subsidiaries acquired or disposed of during the year are included in profit or loss from the date the Group gains control until the date when the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive loss are attributed to owners of the Group and to the non-controlling interests. Total comprehensive income of the subsidiaries is attributed to the owners of the Group and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Group’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Group are eliminated on consolidation. Non-controlling interests in subsidiaries are identified separately from the Group’s equity therein. Those interests of non-controlling shareholders that are present ownership interests entitling their holders to a proportionate share of net assets upon liquidation may initially be measured at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement is made on an acquisition-by-acquisition basis. Other non-controlling interests are initially measured at fair value. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance. Changes in the Group’s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Group. When the Group loses control of a subsidiary, the gain or loss on disposal recognized in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value, as of the date control is lost, of any retained interest in the subsidiary and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive loss in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 Financial Instruments when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. The consolidated financial statements include the financial information of Latam Logistic Properties, S.A. (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interest Entities Country 2023 2022 2023 2022 Latam Logistic Property Holdings LLC United States 100% 100% Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Santiago I, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Santo Domingo, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 50% 60% 50% Latam Logistic COL OpCo, S.A. (3) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic COL OpCo, S.A.S. f. Financial Instruments Classification of Financial Assets ● The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets that meet the following conditions are measured subsequently at fair value through other comprehensive income (FVTOCI): ● The financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling the financial assets; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. By default, all other financial assets are measured subsequently at fair value through profit or loss (FVTPL). Despite the foregoing, the Group may make the following irrevocable election/designation at initial recognition of a financial asset: ● The Group may irrevocably elect to present subsequent changes in fair value of an equity investment in other comprehensive income if certain criteria are met; and ● The Group may irrevocably designate a financial asset that meets the amortized cost or FVTOCI criteria as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch. Amortized Cost and Effective Interest Method – For financial assets other than purchased or originated credit-impaired financial assets, the effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) excluding expected credit losses, through the expected life of the financial asset, or, where appropriate, a shorter period, to the gross carrying amount of the financial asset on initial recognition. For purchased or originated credit-impaired financial assets, a credit-adjusted effective interest rate is calculated by discounting the estimated future cash flows, including expected credit losses, to the amortized cost of the financial asset on initial recognition. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. The gross carrying amount of a financial asset is the amortized cost of a financial asset before adjusting for any loss allowance. For financial assets other than purchased or originated credit-impaired financial assets, interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset, except for financial assets that have subsequently become credit-impaired. For financial assets that have subsequently become credit-impaired, interest income is recognized by applying the effective interest rate to the amortized cost of the financial asset. If, in subsequent reporting years, the credit risk on the credit-impaired financial instrument improves so that the financial asset is no longer credit-impaired, interest income is recognized by applying the effective interest rate to the gross carrying amount of the financial asset. Impairment of Financial Assets Measurement of Expected Credit Losses - For lease receivables, the Group performs an assessment for all tenants to evaluate their current financial state and historical payment behavior. For tenants who show indicators of financial difficulties, the Group creates a specific reserve for those tenants covering 100% of their outstanding balance. For lease receivables where tenants are not specifically reserved for, the Group applies a lifetime ECL using a provision matrix. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. For tenant notes receivables and due from affiliates, the Group assess and monitors if there has been a significant increase in credit risk since initial recognition. If the credit risk on the financial instrument has not increased significantly since initial recognition, the Group measures the loss allowance at an amount equal to 12-month ECL; otherwise, the Group recognizes lifetime ECL. Based on the result of the assessment for the year ended December 31, 2023 and 2022, the Group concluded there has not been a significant increase in credit risk since initial recognition for tenant notes receivables and due from affiliates. The Group only extends such financial arrangements to tenants who have successfully undergone the comprehensive background check procedures. Occasionally, the Group extends loans to related party, or affiliate, where the Group conducts a thorough examination of borrower’s reputation, credit history, and payment record. The Group applies continuous monitoring whereby tenants are evaluated on a monthly basis to ensure there are no indicators that may suggest an increase in credit risk. Due to there not being a significant increase in credit risk, the Group measures the loss allowance for tenant notes receivables and due from affiliates at an amount equal to 12-month ECL, which represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date. The 12-month ECL are estimated using the probability of default approach, which is a function of the probability of default, loss given default (i.e., the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward-looking information. As for the exposure at default, for financial assets, this is represented by the assets’ gross carrying amount at the reporting date. The Group writes off a financial asset when there is information indicating that the debtor is in a financial difficulty and there is no realistic prospect of recovery, e.g., when the debtor has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Refer below for the definition of terms: i. Significant Increase in Credit Risk - ii. Definition of Default ● When there is a breach of financial covenants by the debtor; or ● Information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including the Group, in full (without taking into account any collateral held by the Group). Irrespective of the above analysis, the Group considers that default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate. iii. Credit – impaired Financial Assets ● Significant financial difficulty of the issuer or the borrower; ● A breach of contract, such as a default or past due event (see (ii) above); ● The lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; ● It is becoming probable that the borrower will enter bankruptcy or other financial reorganization; or ● The disappearance of an active market for that financial asset because of financial difficulties. iv. Recognition of Expected Credit Losses 946,006 2,772,977 v. Concentration of Credit Risk – 10 Classification of Financial Liabilities Financial Liabilities Measured Subsequently at Amortized Cost Financial liabilities that are not (i) contingent consideration of an acquirer in a business combination, (ii) held-for-trading, or (iii) designated as at FVTPL, are measured subsequently at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant year. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. Embedded derivatives Derivatives embedded in hybrid contracts with hosts that are not financial assets within the scope of IFRS 9 (e.g., financial liabilities) are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the host contracts are not measured at fair value through profit or loss (FVTPL). Further, such derivatives are initially recognized at fair value and the residual amount is the initial carrying value of the host contract liability. If an embedded derivative is identified, it is presented as a non-current asset or a non-current liability if the remaining maturity of the hybrid instrument to which the embedded derivative relates is more than 12 months and is not expected to be realized or settled within 12 months. Derecognition of Financial Liabilities When the Group exchanges with the existing lender one debt instrument into another one with the substantially different terms, such exchange is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, the Group accounts for substantial modification of terms of an existing liability or part of it as an extinguishment of the original financial liability and the recognition of a new liability. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective rate is at least 10 percent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification under the effective interest rate method; and (2) the present value of the cash flows after modification (discounted using the effective interest rate before the modification) should be recognized in profit or loss as the modification gain or loss within other gains and losses. i. Leases Lease liability is initially measured at present value of the lease payments that are not paid on the commencement date, discounted from the implicit interest rate in the contract. If this rate cannot be readily determined, the Group shall use incremental rates. The lease payments included in the measurement of lease liability consist of: ● Fixed payments, including in substance fixed payments, less any lease incentives received; ● Variable lease payments that depend on an index or a rate, initially measured using the index or rate at the commencement date; ● Amount expected to be paid by the lessee under residual value guarantees; ● The exercise price of a purchase option if the lessee is reasonably certain to exercise that option; and ● Payments of penalties for terminating the lease if the lease term reflects the lessee exercising an option to terminate the lease. Lease liability is included in the other current and non-current liabilities in the consolidated statement of financial position. Lease liability is subsequently measured by increasing the carrying amount to reflect the interest earned on the liability lease (using the effective interest method) and reducing the carrying amount to reflect the lease payments made. Right-of-use assets consist of the amount of the initial measurement of the corresponding lease liability, the lease payments made on or before the commencement date, less any lease incentive received and any initial direct cost. The subsequent valuation is the cost less the accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period between the lease period and the useful life of the underlying asset. If a lease transfers the ownership of the underlying asset, or the cost of the right-of-use asset reflects that the Group plans to exercise a purchase option, the right-of-use asset will be depreciated over the useful life. Depreciation starts on the date of the commencement of the lease. The right-of-use assets are shown as a separate component in the statement of financial position. As practical expedient, IFRS 16 allows a lessee to not separate the non-lease components and instead account for any lease components and its associated non-lease components as a single lease component. The Group has not used this practical expedient. For a contract that contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components. j. Investment Properties The Group categorizes its investment properties into three groups: land bank, properties under development and operating properties. The land bank category encompasses land acquisitions made by the Group, including land purchase expenses, along with certain allocated permit and infrastructure costs. The investment properties transition to properties under development once the Group secures construction permits for land development and initiates construction activities. Subsequently, they are reclassified as operating properties once they achieve a state of “stabilization”. The Group defines stabilization as the earlier of the point at which a developed property has been completed for one year, or when it reaches a 90% occupancy rate. As described below, the Group recognizes rental income using the straight-line method. Any temporary difference between the recognized rental income and the amount billed is recorded in the rent leveling balance sheet account. The temporary difference between cash and accrual payments will ultimately be reversed and eliminated by the end of the lease. The Group concludes that rent leveling constitutes an integral component of the fair value of the investment properties because the expected cash flows of the leases are already reflected in the fair value of the investment properties. Therefore, the recognition of rental revenue on a straight-line basis over the lease term would require an adjustment to the fair value of the investment property to avoid double counting. An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from used and no future economic benefits are expected form the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net sale proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognized. k. Fair value measurements Inventories Impairment of Assets In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: ● Level 1 ● Level 2 ● Level 3 The Group has a control framework established in relation to the measurement of fair values. This includes the supervision of management of all significant fair value measurements, including the fair values of level 3. The Group’s management regularly reviews the significant unobservable variables and the valuation adjustments. If a third-party information, such as broker quotes or pricing services, is used to measure fair values, supervision includes evidence obtained from third parties to support the conclusion that those valuations meet the requirements of IFRS, including the level within the hierarchy of fair value within these valuations should be classified. l. Assets Held for Sale For investment properties measured at fair value that are classified as held for sale, the Group continues to measure the investment properties under the fair value model. Assets and liabilities classified as held for sale are presented separately in the statement of financial position. m. Revenue Recognition Investment Property Rental Income Leases Revenue from Contracts with Customers The Group’s leases with tenants (customers) under agreements are classified as operating leases. The Group recognizes the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Lease components The right to use an asset represents a separate lease component from other lease components if two criteria are met: a. The lessee can benefit from the use of the asset either on its own or together with other readily available resources. b. The underlying asset must not be highly dependent on or highly interrelated with other underlying assets in the contract. The Group generally identifies the right to use the warehouses and underlying land as lease components in its lease contracts with tenants based on the above two criteria. In some cases, the Group might also grant tenants the right to use dedicated parking spots, or other types of assets, which could also be considered as lease components. Non-lease components When identifying non-lease components, the Group considers whether a good or service is transferred to the lessee. Typically, maintenance activities, including common area maintenance (“CAM,” e.g., cleaning a lobby of a building, property management services, general repairs), provided by the lessor along with utilities are considered non-lease components because they represent goods or services transferred to the Group separately from the right to use the underlying asset. The Group applies IFRS 15 to allocate the consideration in the contract between lease and non-lease components, on the basis of stand-alone selling prices. Stand-alone selling price represents the price at which an entity would sell a good or service on a stand-alone (or separate) basis at contract inception. Principal/agent considerations for non-lease components For the identified non-lease components that are accounted for under IFRS 15, the Group concludes that they should in general be presented gross in the consolidated statement of profit or loss and other comprehensive loss, because the Group is typically acting as a principal, because the Group controls the promised good or service before the it transfers the good or service to a customer. The Group is itself contractually obliged to provide these services to its tenants and is ultimately responsible for fulfilling the prom

REVERSE CAPITALIZATION

REVERSE CAPITALIZATION	6 Months Ended
	Jun. 30, 2024
Reverse Capitalization
REVERSE CAPITALIZATION	3. REVERSE CAPITALIZATION On August 15, 2023, the Company entered into a Business Combination Agreement with LLP, TWOA, SPAC Merger Sub, and Company Merger Sub, for a proposed Business Combination. Under the Business Combination Agreement, at the closing of the transactions contemplated by the Business Combination Agreement (the “Closing”), among other matters, (a) SPAC Merger Sub merged with and into TWOA, with TWOA continuing as the surviving company, and, in connection therewith, each issued and outstanding security of TWOA immediately prior to the effective time of the Business Combination was no longer outstanding and was automatically canceled, in exchange for the right of the holder thereof to receive a substantially equivalent security of LPA; (b) Company Merger Sub merged with and into LLP, with LLP continuing as the surviving company, and, in connection therewith, the ordinary shares of LLP (“LLP Shares”) issued and outstanding immediately prior to the Business Combination were canceled in exchange for the right of the holders thereof to receive ordinary shares of LPA (“LPA Ordinary Shares”); and (c) as a result of the mergers, TWOA and LLP each became wholly-owned subsidiaries of LPA, and LPA Ordinary Shares were listed on NYSE, all upon the terms and subject to the conditions set forth in the Business Combination Agreement. On February 16, 2024, TWOA entered into a subscription agreement (the “Subscription Agreement”) with certain subscriber (“PIPE Investor”) to purchase 1,500,000 10.00 15,000,000 The Business Combination was unanimously approved by the board of directors of TWOA and was approved at the Extraordinary General Meeting on March 25, 2024. TWOA’s shareholders also voted to approve all other proposals presented at the Extraordinary General Meeting. As a result of the Business Combination, LLP and TWOA became wholly-owned direct subsidiaries of the Company. On March 28, 2024, the LPA Ordinary Shares commenced trading on the NYSE under the symbol “LPA”. As a result of the Business Combination: ● All outstanding TWOA Class A and Class B shares were canceled in exchange for 3,897,747 ● 1,500,000 1,500,000 ● All outstanding LLP shares were cancelled in exchange for 26,312,000 The Business Combination was consummated on March 27, 2024. Following the Business Combination, the ownership structure of LPA was as follows: SCHEDULE OF BUSINESS COMBINATION OWNERSHIP STRUCTURE Number of Ordinary Shares % of Ownership LPA Ordinary Shares issued to TWOA shareholders 3,897,747 12.3% LPA Ordinary Shares converted from legacy LLP equity holders 26,312,000 83.0% LPA Ordinary Shares issued to PIPE Investor 1,500,000 4.7% Total 31,709,747 100.0% The proceeds from Business Combination (net of transaction costs paid) are summarized below: SCHEDULE OF PROCEEDS FROM BUSINESS COMBINATION NET OF TRANSACTION COSTS PAID Amount Proceeds from PIPE Investor $ 15,000,000 Proceeds from TWOA trust 1,121,150 Transaction costs paid (7,947,031 ) Proceeds from Business Combination, net of transaction costs paid $ 8,174,119 Reverse capitalization As discussed in Note 1, the Business Combination was accounted for as a reverse capitalization in accordance with IFRS. The consolidated assets, liabilities and results of operations are those of LLP for all periods presented. As such, the basic and diluted earnings (loss) per share related to LLP prior to the Business Combination have been retroactively recast based on shares reflecting the exchange ratio established in the Business Combination. Share listing expenses under IFRS 2 As further discussed in Note 1, since the Business Combination was accounted for in accordance with IFRS 2, the difference in the fair value of the shares deemed to have been issued by the accounting acquirer and the fair value of the accounting acquiree’s identifiable net assets represented a service received by the accounting acquirer, and thus was recognized as an expense upon consummation of the Business Combination. Upon Closing, the excess fair value of the equity interests deemed to have been issued to TWOA as consideration over the fair value of TWOA’s identifiable net assets was recognized as listing expense in the amount of $ 44,469,613 10.70 SCHEDULE OF FAIR VALUE OF EQUITY INTERESTS MEASURED AT CLOSING MARKET PRICE Fair value of TWOA public shares ( 103,813 10.70 $ 1,110,799 Fair value of TWOA sponsor shares ( 3,793,934 10.70 40,595,094 I: Total deemed fair value of consideration issued to TWOA shareholders: (A+B) 41,705,893 Cash and cash equivalents 1,121,150 Accounts payable (3,884,870 ) II: Net liabilities of TWOA (2,763,720 ) Total share listing expense (I-II) $ 44,469,613 Other transaction-related costs in connection with the Business Combination For the three and six months ended June 30, 2024, the Company incurred transaction-related costs in connection with the Business Combination of $ 6,804 6,179,179 ) 53,342 55,074 16,183,014 5,722,342 3,800,000 1,922,342 7,947,031 4,858,225 Cash bonus to management In connection with the Business Combination, certain executives were granted a one-time cash bonus totaling $ 285,000 Restricted Stock Units (RSUs) In connection with the Business Combination, certain executives and board of director members were granted service-based and performance-based RSUs. For the three and six months ended June 30, 2024, the Company incurred share-based payment expenses of $ 1,140,218 Loan receivable from Latam Logistics Investments, LLC (“LLI”) As of January 1, 2024, LLP’s loans to LLI, which held a minority equity interest of LLP before Closing, were in default status due to non-payment following the maturity date of December 31, 2023. LLP subsequently provided notice of the default to LLI. On March 12, 2024, LLI entered into an assignment agreement (“Assignment Agreement”) with LLP, pursuant to which LLI unconditionally and irrevocably assigned in favor of LLP the right to receive the LPA Ordinary Shares upon the closing of the Business Combination. As part of the Assignment Agreement, LLP agreed to waive its right to receive the corresponding LPA Ordinary Shares. Upon Closing, the loan receivable from LLI of $ 9,765,972

REVENUE

REVENUE	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
REVENUE	4. REVENUE The Company’s revenue was as follows: SCHEDULE OF REVENUE 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Non-lease components of rental arrangements $ 1,216,441 $ 1,076,001 $ 2,329,795 $ 2,045,773 Other 39,842 8,377 97,055 36,020 Revenue from contracts with customers (IFRS 15) 1,256,283 1,084,378 2,426,850 2,081,793 Rental income 9,730,653 8,905,394 19,043,548 17,157,965 Total revenue $ 10,986,936 $ 9,989,772 $ 21,470,398 $ 19,239,758 Note 7 contains further information of the Company’s revenue based on segment and geography. The Company, through its subsidiaries, had entered into various operating leases agreements with customers for the rental of its investment properties. Most of the Company’s lease agreements associated with the investment properties contain an initial lease term from 5 10 5.8 5.7 SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES These leases were based on a minimum rental payment in USD for properties located in Costa Rica and Peru, and COP for properties in Colombia, plus maintenance fees and recoverable expenses, and guarantee deposits associated with the agreements, which are commonly used for covering any repair, improvement tasks or as a final payment when the lease agreement ends.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
REVENUE		4. REVENUE The Group’s revenue was as follows: SCHEDULE OF REVENUE 2023 2022 2021 Year ended December 31, 2023 2022 2021 Non-lease components of rental arrangements $ 4,194,415 $ 3,287,013 $ 2,235,529 Other 108,564 92,998 42,142 Revenue from contracts with customers (IFRS 15) 4,302,979 3,380,011 2,277,671 Rental income 35,133,364 28,603,556 23,318,402 Total revenue $ 39,436,343 $ 31,983,567 $ 25,596,073 Note 7 contains further information of the Group’s revenue based on segment and geography. The Group, through its subsidiaries, has entered into various operating leases agreements with customers for the rental of its investment properties. Most of the Group’s lease agreements associated with the investment properties contain an initial lease term from 5 10 5.3 6.3 8.0 These leases are based on a minimum rental payment in USD for properties located in Costa Rica and Peru, and COP for properties in Colombia, plus maintenance fees and recoverable expenses, and guarantee deposits associated with the agreements, which are commonly used for covering any repair, improvement tasks or as a final payment when the lease agreement ends. The following table summarizes the Group’s minimum lease payments under non-cancellable operating leases as of December 31, 2023: SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES Amount 2024 $ 38,723,655 2025 35,919,432 2026 32,869,113 2027 29,297,600 2028 21,488,945 Thereafter 69,406,401 Total $ 227,705,146 COVID-19 Rent Relief In response to the COVID-19 pandemic, the Group provided to some of the customers rent concessions, as a deferral of the rent payment with a rent repayment schedule within the following 12 months and with no significant impact on revenue recognition. Through December 31, 2023, all of these deferrals were repaid.

INVESTMENT PROPERTY OPERATING E

INVESTMENT PROPERTY OPERATING EXPENSES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
INVESTMENT PROPERTY OPERATING EXPENSES	5. INVESTMENT PROPERTY OPERATING EXPENSES Rental property operating expenses were as follows: SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Repair and maintenance $ 759,555 $ 604,040 $ 1,446,463 $ 1,215,237 Utilities 98,550 98,705 281,403 216,240 Insurance 118,265 88,512 222,475 173,138 Property management 71,881 59,178 134,067 113,800 Real estate taxes 237,500 218,257 390,834 429,350 Expected credit loss adjustments 13,112 (46,818 ) 24,081 (99,776 ) Other property related expenses 409,233 260,914 740,567 591,598 Total $ 1,708,096 $ 1,282,788 $ 3,239,890 $ 2,639,587
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
INVESTMENT PROPERTY OPERATING EXPENSES		5. INVESTMENT PROPERTY OPERATING EXPENSES Investment property operating expenses include the direct operating expenses of the property such as repair and maintenance, property management, property taxes, utilities, and other property related costs. Property operating expenses are mostly recovered through the rental recoveries charged to the tenants. The Group does not incur significant direct property operating costs from investment properties under development that did not generate rental income during the period. Rental property operating expenses were as follows: SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES Year ended December 31, 2023 2022 2021 Repair and maintenance $ 2,351,598 $ 1,661,900 $ 1,234,863 Property management 1,062,320 1,072,509 783,495 Real estate taxes 731,261 357,457 333,613 Adjustment for expected credit losses (87,723 ) 1,470,990 1,062,133 Other property related expenses 1,085,494 844,583 673,261 Total $ 5,142,950 $ 5,407,439 $ 4,087,365

OTHER INCOME AND OTHER EXPENSES

OTHER INCOME AND OTHER EXPENSES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
OTHER INCOME AND OTHER EXPENSES	6. OTHER INCOME AND OTHER EXPENSES Other income was as follows: SCHEDULE OF OTHER INCOME 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Interest income $ 369,956 $ 52,917 $ 680,446 $ 93,373 Income in connection to the LR Agreements (defined below) 9,844,894 — 9,844,894 — Other 622,879 — 622,919 6,137 Total $ 10,837,729 $ 52,917 $ 11,148,259 $ 99,510 Other expenses were as follows: SCHEDULE OF OTHER EXPENSES 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Transaction-related costs in connection with the Business Combination $ 6,804 $ 53,342 $ 6,179,179 $ 55,074 Fees in connection to the LR Agreements (defined below) 1,148,922 — 1,148,922 — Loss on disposition of property and equipment — 883 — 83,348 Other 16,716 — 16,716 — Total $ 1,172,442 $ 54,225 $ 7,344,817 $ 138,422 Transaction-related costs in connection with the Business Combination primarily consisted of professional service fees including legal and accounting services pertinent to the Business Combination. See Note 3 for more details relating to transaction-related costs. On June 5, 2024, and June 6, 2024, the Company, certain Investors (the “Investors”) and certain Shareholders (the “Shareholders” and together with the Investors, the “Released Parties”) entered into a non-affiliate lock-up release agreement (as amended, each an “LR Agreement” and collectively, the “LR Agreements”), pursuant to which the Company and each Released Party agreed to waive certain lock-up restrictions provided for in (i) the letter agreement dated March 29, 2021 by and among TWOA and other relevant parties thereto and by a joinder agreement, the Investors or (ii) the letter agreement dated March 29, 2021 by and among TWOA and other relevant parties thereto and the Shareholders, as amended on August 15, 2023 and March 27, 2024, as applicable (the “Lock-up Release”, and the shares released pursuant to such Lock-up Release, the “Released Shares”). In exchange, each Released Party agreed to pay a cash fee to the Company equal to a certain percentage of the sale price received for each Released Share sold by such Released Party until September 27, 2025. As of June 30, 2024, the total number of Released Shares was 911,885 651,586 9,844,894 1,148,922
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
OTHER INCOME AND OTHER EXPENSES		6. OTHER INCOME AND OTHER EXPENSES Other income for the years ended December 31, 2023, 2022 and 2021 were as follows: SCHEDULE OF OTHER INCOME 2023 2022 2021 Interest income $ 300,189 $ 94,130 $ 87,923 Other 7,633 5,997 63,468 Total $ 307,822 $ 100,127 $ 151,391 Other expenses for the years ended December 31, 2023, 2022 and 2021 were as follows: SCHEDULE OF OTHER EXPENSES 2023 2022 2021 Transaction-related costs $ 6,150,988 $ 306,059 $ 1,367,647 Loss on disposition of fixed assets 83,389 30,270 — Legal provision (101,741 ) 274,844 — Total $ 6,132,636 $ 611,173 $ 1,367,647

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SEGMENT REPORTING	7. SEGMENT REPORTING The Company has three The three geographic segments, Colombia, Peru, and Costa Rica primarily derive revenue from various operating lease agreements with customers for the rental of warehouses. Each of these locations and corresponding operations are presented and managed and separately. The operating segments are each reportable segments, and aggregation of segments is not applied. Unallocated revenue consists of other revenue streams earned by operating subsidiaries that are not allocated to segments for CODM’s review. Unallocated expenses consist of certain corporate general and administrative expenses and financing costs for the bridge loan held by the parent entity that are not allocated to segments for CODM’s review. There was no inter-segment revenue for the three and six months ended June 30, 2024 and 2023. The tables below present information by segment presented to the CODM and reconciliations to the Company’s consolidated amounts. The Company evaluates the performance of its reportable segments based on net operating income. Segment net operating income consists of segment investment property rental revenue less segment investment property operating expense. The tables below present information by segment presented to the CODM and reconciliations to the Company’s consolidated amounts for the three months ended June 30, 2024, and 2023. SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME 2024 2023 Three months ended June 30, 2024 2023 Revenue: Colombia $ 2,019,177 $ 2,066,829 Peru 2,934,997 2,432,604 Costa Rica 5,992,920 5,481,962 Unallocated revenue 39,842 8,377 Total $ 10,986,936 $ 9,989,772 Revenue $ 10,986,936 $ 9,989,772 Investment property operating expense: Colombia $ (291,240 ) $ (258,873 ) Peru (544,610 ) (483,077 ) Costa Rica (872,246 ) (540,838 ) Total $ (1,708,096 ) $ (1,282,788 ) Investment property operating expense $ (1,708,096 ) $ (1,282,788 ) Net operating income Colombia $ 1,727,937 $ 1,807,956 Peru 2,390,387 1,949,527 Costa Rica 5,120,674 4,941,124 Total $ 9,238,998 $ 8,698,607 Net operating income $ 9,238,998 $ 8,698,607 General and administrative: Colombia $ (317,328 ) $ (250,761 ) Peru (363,426 ) (64,928 ) Costa Rica (724,167 ) (571,752 ) Corporate (3,151,762 ) (188,797 ) Total $ (4,556,683 ) $ (1,076,238 ) General and administrative $ (4,556,683 ) $ (1,076,238 ) Financing costs Colombia $ (1,619,037 ) $ (1,804,661 ) Peru (1,311,360 ) (839,287 ) Costa Rica (2,878,580 ) (9,155,482 ) Corporate — (335,446 ) Total $ (5,808,977 ) $ (12,134,876 ) Financing costs $ (5,808,977 ) $ (12,134,876 ) The following table reconciles segment net operating income to profit before taxes for the three months ended June 30, 2024 and 2023: SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES 2024 2023 Three months ended June 30, 2024 2023 Net operating income $ 9,238,998 $ 8,698,607 Unallocated revenue 39,842 8,377 General and administrative (4,556,683 ) (1,076,238 ) Investment property valuation gain 4,550,714 305,441 Interest income from affiliates — 158,113 Financing costs (5,808,977 ) (12,134,876 ) Net foreign currency (loss) gain (158,361 ) 64,474 Gain on sale of asset held for sale — 1,022,853 Other income 10,837,729 52,917 Other expenses (1,172,442 ) (54,225 ) Profit (loss) before taxes $ 12,970,820 $ (2,954,557 ) The tables below present information by segment presented to the CODM and reconciliations to the Company’s consolidated amounts for the six months ended June 30, 2024, and 2023. 2024 2023 Six months ended June 30, 2024 2023 Revenue: Colombia $ 4,358,549 $ 3,781,404 Peru 5,366,057 4,688,955 Costa Rica 11,648,737 10,733,379 Unallocated revenue 97,055 36,020 Total $ 21,470,398 $ 19,239,758 Revenue $ 21,470,398 $ 19,239,758 Investment property operating expense: Colombia $ (533,765 ) $ (469,376 ) Peru (997,766 ) (939,292 ) Costa Rica (1,708,359 ) (1,230,919 ) Total $ (3,239,890 ) $ (2,639,587 ) Investment property operating expense $ (3,239,890 ) $ (2,639,587 ) Net operating income Colombia $ 3,824,784 $ 3,312,028 Peru 4,368,291 3,749,663 Costa Rica 9,940,378 9,502,460 Total $ 18,133,453 $ 16,564,151 Net operating income $ 18,133,453 $ 16,564,151 General and administrative: Colombia $ (553,486 ) $ (463,038 ) Peru (605,220 ) (314,615 ) Costa Rica (1,476,846 ) (1,080,710 ) Corporate (3,615,228 ) (339,530 ) Total $ (6,250,780 ) $ (2,197,893 ) General and administrative $ (6,250,780 ) $ (2,197,893 ) Financing costs Colombia $ (3,518,830 ) $ (3,364,448 ) Peru (2,424,049 ) (1,774,096 ) Costa Rica (5,428,477 ) (11,787,327 ) Corporate — (711,047 ) Total $ (11,371,356 ) $ (17,636,918 ) Financing costs $ (11,371,356 ) $ (17,636,918 ) The following table reconciles segment net operating income to profit before taxes for the six months ended June 30, 2024 and 2023: 2024 2023 Six months ended June 30, 2024 2023 Net operating income $ 18,133,453 $ 16,564,151 Unallocated revenue 97,055 36,020 General and administrative (6,250,780 ) (2,197,893 ) Listing expense (44,469,613 ) — Investment property valuation gain 9,749,988 10,276,377 Interest income from affiliates 302,808 314,488 Financing costs (11,371,356 ) (17,636,918 ) Net foreign currency (loss) gain (176,605 ) 229,772 Gain on sale of asset held for sale — 1,022,853 Other income 11,148,259 99,510 Other expenses (7,344,817 ) (138,422 ) Profit (loss) before taxes $ (30,181,608 ) $ 8,569,938 Segment Assets and Liabilities For the purposes of monitoring segment performance and allocating resources between segments, the CODM monitors select assets and liabilities attributable to each segment. The following table summarizes the Company’s total assets and liabilities by reportable operating segment as of June 30, 2024 and December 31, 2023: SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT June 30, 2024 December 31, Segment investment properties Colombia $ 129,074,360 $ 131,057,446 Peru 139,293,029 127,350,614 Costa Rica 257,495,133 255,764,221 Total $ 525,862,522 $ 514,172,281 Investment properties $ 525,862,522 $ 514,172,281 Reconciling items: Cash and cash equivalents 48,173,742 35,242,363 Due from affiliates — 9,463,164 Lease and other receivables, net 3,384,827 3,557,988 Receivables from the sale of investment properties - short term 5,751,931 4,072,391 Receivables from the sale of investment properties - long term — 4,147,507 Prepaid construction costs 298,223 1,123,590 Prepaid income taxes 1,009,808 651,925 Other current assets 3,276,935 2,791,593 Tenant notes receivables - long term, net 5,565,780 6,002,315 Restricted cash equivalent 4,739,916 2,681,110 Property and equipment, net 329,868 354,437 Deferred tax asset 312,378 1,345,859 Other non-current assets 5,483,834 5,218,787 Total assets $ 604,189,764 $ 590,825,310 Segment debt Colombia $ 43,148,658 $ 47,654,090 Peru 59,867,406 61,260,237 Costa Rica 172,862,415 160,939,908 Total $ 275,878,479 $ 269,854,235 Long term debt $ 275,878,479 $ 269,854,235 Reconciling items: Accounts payable and accrued expenses 10,544,627 13,127,502 Income tax payable 1,760,485 2,024,865 Retainage payable 1,558,684 1,737,805 Other current liabilities 790,547 959,539 Deferred tax liability 37,805,728 37,451,338 Security deposits 2,500,277 1,790,554 Other non-current liabilities 4,137,761 2,936,555 Total liabilities $ 334,976,588 329,882,393 Geographic Area Information SCHEDULE OF GEOGRAPHIC AREA INFORMATION June 30, 2024 December 31, 2023 Long-lived assets Colombia $ 129,101,519 $ 131,147,272 Peru 139,358,727 127,416,698 Costa Rica 257,732,144 256,000,132 Total $ 526,192,390 $ 514,564,102 Long-lived assets $ 526,192,390 $ 514,564,102
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SEGMENT REPORTING		7. SEGMENT REPORTING The Group has three The three geographic segments, Colombia, Peru, and Costa Rica primarily derive revenue from various operating lease agreements with customers for the rental of warehouses. Each of these locations and corresponding operations are presented and managed separately. The operating segments are each reportable segments, and aggregation of segments is not applied. Unallocated revenue consists of other revenue streams earned by operating subsidiaries that are not allocated to segments for CODM’s review. Unallocated expenses consist of certain corporate general and administrative expenses that are not allocated to segments for CODM’s review, as well as financing costs for the bridge loan held by the parent entity. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. There was no inter-segment revenue for the years ended December 31, 2023, 2022 and 2021. The tables below present information by segment presented to the CODM and reconciliations to the Group’s consolidated amounts. The Group evaluates the performance of its reportable segments based on net operating income. Segment net operating income consists of segment investment property rental revenue less segment investment property operating expense. SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME 2023 2022 2021 Year ended December 31, 2023 2022 2021 Revenue: Colombia $ 8,038,441 $ 5,690,569 $ 4,714,197 Peru 9,260,197 8,350,957 5,244,208 Costa Rica 22,029,141 17,849,043 15,595,526 Unallocated revenue 108,564 92,998 42,142 Total $ 39,436,343 $ 31,983,567 $ 25,596,073 Revenue $ 39,436,343 $ 31,983,567 $ 25,596,073 Investment property operating expense: Colombia $ (989,404 ) $ (599,084 ) $ (454,333 ) Peru (1,476,086 ) (1,288,280 ) (1,037,161 ) Costa Rica (2,677,460 ) (3,520,075 ) (2,595,871 ) Total $ (5,142,950 ) $ (5,407,439 ) $ (4,087,365 ) Investment property operating expense $ (5,142,950 ) $ (5,407,439 ) $ (4,087,365 ) Net operating income Colombia $ 7,049,037 $ 5,091,485 $ 4,259,864 Peru 7,784,111 7,062,677 4,207,047 Costa Rica 19,351,681 14,328,968 12,999,655 Total $ 34,184,829 $ 26,483,130 $ 21,466,566 Net operating income $ 34,184,829 $ 26,483,130 $ 21,466,566 General and administrative: Colombia $ (1,182,837 ) $ (897,455 ) $ (1,048,445 ) Peru (1,745,286 ) (765,572 ) (721,501 ) Costa Rica (2,945,824 ) (2,421,168 ) (3,017,494 ) Corporate and other (2,634,915 ) (525,000 ) (606,761 ) Total $ (8,508,862 ) $ (4,609,195 ) $ (5,394,201 ) General and administrative $ (8,508,862 ) $ (4,609,195 ) $ (5,394,201 ) Financing costs Colombia $ (8,068,416 ) $ (6,267,603 ) $ (2,753,390 ) Peru (5,431,535 ) (1,997,204 ) (1,421,466 ) Costa Rica (17,611,113 ) (3,483,685 ) (5,620,317 ) Corporate and other — (18,234 ) (4,385 ) Total $ (31,111,064 ) $ (11,766,726 ) $ (9,799,558 ) Financing costs $ (31,111,064 ) $ (11,766,726 ) $ (9,799,558 ) The following table reconciles segment net operating income to profit before taxes for the years ended December 31, 2023, 2022 and 2021: SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES 2023 2022 2021 Year ended December 31, 2023 2022 2021 Net operating income $ 34,184,829 $ 26,483,130 $ 21,466,566 Unallocated revenue 108,564 92,998 42,142 General and administrative (8,508,862 ) (4,609,195 ) (5,394,201 ) Investment property valuation gain 20,151,026 3,525,692 12,610,127 Interest income from affiliates 664,219 561,372 424,838 Financing costs (31,111,064 ) (11,766,726 ) (9,799,558 ) Net foreign currency gain (loss) 284,706 299,762 (707,570 ) Gain (loss) on sale of investment properties 1,165,170 (398,247 ) — Gain on sale of asset held for sale 1,022,853 — — Other income 307,822 100,127 151,391 Other expenses (6,132,636 ) (611,173 ) (1,367,647 ) Profit before taxes $ 12,136,627 $ 13,677,740 $ 17,426,088 Segment Assets and Liabilities For the purposes of monitoring segment performance and allocating resources between segments, the CODM monitors select assets and liabilities attributable to each segment. The following table summarizes the Group’s total assets and liabilities by reportable operating segment as of December 31, 2023 and 2022: SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT 2023 2022 Segment investment properties Colombia $ 131,057,446 $ 107,749,342 Peru 127,350,614 105,121,058 Costa Rica 255,764,221 236,166,233 Total $ 514,172,281 $ 449,036,633 Investment properties $ 514,172,281 $ 449,036,633 Reconciling items: Cash and cash equivalents 35,242,363 14,988,112 Due from affiliates 9,463,164 8,798,945 Lease and other receivables, net 3,557,988 2,516,525 Receivable from the sale of investment properties - short term 4,072,391 — Asset held for sale — 2,977,147 Prepaid construction costs 1,123,590 2,317,383 Other current assets 3,443,518 1,708,313 Tenant notes receivables - long term, net 6,002,315 6,796,584 Receivable from the sale of investment properties - long term 4,147,507 — Restricted cash equivalent 2,681,110 3,252,897 Property and equipment, net 354,437 427,719 Deferred tax asset 1,345,859 239,281 Other non-current assets 5,218,787 4,559,330 Total assets $ 590,825,310 $ 497,618,869 Segment long-term debt Colombia $ 47,654,090 $ 55,260,326 Peru 61,260,237 35,662,360 Costa Rica 160,939,908 118,404,089 Total $ 269,854,235 $ 209,326,775 Long-term debt $ 269,854,235 $ 209,326,775 Reconciling items: Accounts payable and accrued expenses 13,127,502 8,591,922 Deposits for the sale of assets — 2,400,000 Income tax payable 2,024,865 663,703 Retainage payable 1,737,805 3,001,433 Other current liabilities 959,539 54,983 Deferred tax liability 37,451,338 37,215,884 Security deposits 1,790,554 1,706,959 Other non-current liabilities 2,936,555 590,740 Total liabilities $ 329,882,393 $ 263,552,399 Geographic Area Information SCHEDULE OF GEOGRAPHIC AREA INFORMATION 2023 2022 Long-lived assets Colombia $ 131,147,272 $ 107,807,334 Peru 127,416,698 105,448,377 Costa Rica 256,000,132 236,471,570 Total $ 514,564,102 $ 449,727,281 Long-lived assets $ 514,564,102 $ 449,727,281

LEASE AND OTHER RECEIVABLES, NE

LEASE AND OTHER RECEIVABLES, NET	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
LEASE AND OTHER RECEIVABLES, NET	8. LEASE AND OTHER RECEIVABLES, NET As of June 30, 2024 and December 31, 2023, lease and other receivables, net were as follows: SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET June 30, 2024 December 31, 2023 Lease receivables, net $ 2,472,738 $ 2,703,760 Tenant notes receivables - short term, net 850,406 804,749 Others 61,683 49,479 Sub-total 3,384,827 3,557,988 Tenant notes receivable - long term, net 5,565,780 6,002,315 Lease and other receivables, net $ 8,950,607 $ 9,560,303 The expected credit loss allowance provision for lease receivables and tenant notes receivables as of June 30, 2024 and June 30, 2023 reconciled to the opening loss allowance for that provision as follows: SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES June 30, 2024 June 30, 2023 Lease Tenants Total Lease Tenants Total Beginning balance $ 831,805 $ 114,201 $ 946,006 $ 2,646,337 $ 126,640 $ 2,772,977 Adjustments in loan loss allowance recognized in profit or loss during the period 30,640 (6,559 ) 24,081 (99,377 ) (399 ) (99,776 ) Receivables written-off during the period as uncollectible — — — (1,733,404 ) (5,734 ) (1,739,138 ) Ending balance $ 862,445 $ 107,642 $ 970,087 $ 813,556 $ 120,507 $ 934,063
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
LEASE AND OTHER RECEIVABLES, NET		9. LEASE AND OTHER RECEIVABLES, NET As of December 31, 2023, and 2022, lease and other receivables, net were as follows: SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET 2023 2022 (a) Lease receivables, net $ 2,703,760 $ 1,644,555 (b) Tenant notes receivables - short term, net 804,749 751,908 Others 49,479 120,062 Sub-total 3,557,988 2,516,525 Tenant notes receivable - long term, net 6,002,315 6,796,584 Lease and other receivables, net $ 9,560,303 $ 9,313,109 (a) Lease Receivables The Group always measures the expected credit loss for lease receivables, net of cash security deposits, at an amount equal to lifetime ECL. The expected credit losses on lease receivables are estimated using a provision matrix by reference to past default experience of the debtor, default trend report from third-party reputable credit rating agency (i.e., Moody’s), and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date. To measure the expected credit losses, lease receivables have been grouped based on shared credit risk characteristics and the days past due. The Group adopts a two-part reserve method: 1) with a specific reserve at 100% against all lease receivables from tenant who has shown indicators of severe financial difficulty, such as consecutive months of rent non-payment, or if the tenant is undergoing liquidation or bankruptcy proceedings. 2) with a general reserve recognizing expected credit loss allowance of 100 The gross carrying amount and loss allowance provision for lease receivables was as follows as of December 31, 2023 and 2022: SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES 2023 2022 Gross carrying amount $ 3,535,565 $ 4,290,892 Loss allowance provision (831,805 ) (2,646,337 ) Lease receivables, net $ 2,703,760 $ 1,644,555 (b) Tenant Notes Receivables - 10.7 7.2 As of December 31, 2022, loans outstanding to tenants bears a weighted average annual interest rate of 10.7 8.1 The Group always measures the expected credit loss allowance for tenant notes receivables at an amount equal to 12-month ECL. The expected 12-month ECL on tenant notes receivables are estimated using the probability of default approach, which is a function of the probability of default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward looking information. As for the exposure at default, for financial assets, this is represented by the gross carrying amount at the reporting date. None of the tenant notes have exhibited a significant increase in credit risk. The gross carrying amount and loss allowance provision for tenant notes receivables as of December 31, 2023 and 2022 was as follows: SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR TENANT NOTES RECEIVABLES 2023 2022 Gross carrying amount - short term $ 818,250 $ 764,523 Loss allowance provision - short term (13,501 ) (12,615 ) Tenant notes receivables - short term, net $ 804,749 $ 751,908 Gross carrying amount - long term 6,103,015 6,910,609 Loss allowance provision - long term (100,700 ) (114,025 ) Tenant notes receivables - long term, net $ 6,002,315 $ 6,796,584 The expected credit loss allowance provision for lease receivables and tenant notes receivables as of December 31, 2023, 2022 and 2021 reconciled to the opening loss allowance for that provision as follows: SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES 2023 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 2,646,337 $ 126,640 $ 2,772,977 Adjustments in loan loss allowance recognized in profit or loss during the year (81,017 ) (6,706 ) (87,723 ) Receivables written-off during the year as uncollectible (1,733,515 ) (5,733 ) (1,739,248 ) Ending balance $ 831,805 $ 114,201 $ 946,006 2022 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 1,294,649 $ 62,089 $ 1,356,738 Adjustments in loan loss allowance recognized in profit or loss during the year 1,406,439 64,551 1,470,990 Receivables written-off during the year as uncollectible (54,751 ) — (54,751 ) Ending balance $ 2,646,337 $ 126,640 $ 2,772,977 2021 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 243,245 $ 51,360 $ 294,605 Balance $ 243,245 $ 51,360 $ 294,605 Adjustments in loan loss allowance recognized in profit or loss during the year 1,051,404 10,729 1,062,133 Receivables written-off during the year as uncollectible — — — Ending balance $ 1,294,649 $ 62,089 $ 1,356,738 Balance $ 1,294,649 $ 62,089 $ 1,356,738

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
INVESTMENT PROPERTIES	9. INVESTMENT PROPERTIES As of June 30, 2024, the Company obtained a valuation from independent appraisers in order to determine the fair value of its investment properties. Gains and losses arising from changes in the fair values are included in the condensed consolidated interim statements of profit or loss and other comprehensive income (loss) in the period in which they arise. In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: ● Level 1 - Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. ● Level 2 - Inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and ● Level 3 - Inputs are unobservable inputs for the asset or liability, among others, statistics information, and own Company’s information, in some instances based on the information provided by some independent experts. As of June 30, 2024 and December 31, 2023, all owned investment properties are guaranteeing the Company’s debt. As of June 30, 2024 and December 31, 2023, investment properties were as follows: SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES Fair Market Value (“FMV”) as of FMV as of June 30, December 31, 2024 2023 Land bank: Land bank under right-of-use Peru $ 1,811,991 $ 619,976 Sub-total 1,811,991 619,976 Owned land bank Colombia 23,130,348 24,100,446 Sub-total 23,130,348 24,100,446 Total Land Bank $ 24,942,339 $ 24,720,422 Properties under development: Properties under right-of-use Peru $ 16,510,000 $ 12,260,000 Sub-total 16,510,000 12,260,000 Owned properties Peru — 22,230,781 Costa Rica 15,398,000 10,891,000 Sub-total 15,398,000 33,121,781 Total properties under development $ 31,908,000 $ 45,381,781 Operating Properties Owned properties Colombia $ 105,944,012 $ 106,957,000 Peru 120,971,038 92,239,857 Costa Rica 242,097,133 244,873,221 Sub-total 469,012,183 444,070,078 Total operating properties 469,012,183 444,070,078 Total operating properties and properties under development 500,920,183 489,451,859 Total $ 525,862,522 $ 514,172,281 Disclosed below is the valuation technique used to measure the fair value of investment properties, along with the significant unobservable inputs used. Valuation Techniques – Operating Properties i. The present value of net cash flows generated by the property takes into account the expected rental growth rate, vacancy periods, occupancy rate, lease incentive costs such as rent-free periods and other costs not paid by tenants. The expected net cash flows are discounted using risk adjusted discount rates. Among other factors, the discount rate estimation considers the quality of a building and its location, tenant credit quality and lease terms. ii. The direct capitalization method. This method involves capitalizing a fully leased net operating income estimate by an appropriate yield. This approach is best utilized with stabilized assets, where there is little volatility in the net income and the growth prospects are also stable. It is most commonly used with single tenant investments or stabilized investments. involves capitalizing the property net operating income at a market capitalization rate. The net operating income is determined by using the property Effective Gross Income (EGI) net of operating expenses. The EGI is determined by the property’s Potential Gross Income (PGI) through analysis of the property actual historic income and an analysis of competitive current market income rates and deducting the PGI with an estimate for vacancy and collection. iii. The cost approach. The cost approach involves the estimation of the replacement cost of the building and site improvements that a prudent and rational person would pay no more for a property than the cost to construct a similar and competitive property - assuming no undue delay in the process. – Properties Under Development – Land Bank i. The sales comparison approach. This approach compares sales or listing of similar properties with the subject property using the price per square feet (Level 2 input). This approach is given supporting weight in this analysis because of the well-supported range of value within this approach and the likelihood that the subject could be purchased by an owner-user. ii. The cost approach. This approach is based on the principle of substitution that a prudent and rational person would pay no more than the cost to construct a similar property. This approach generally considers estimated replacement cost of the land and the site improvements (e.g., infrastructure) and estimated depreciation accrued to the improvements (Level 2 input). iii. The residual land value approach. This approach involves residual amount after deducting all known or anticipated costs required to complete the development from the anticipated value of the project when completed after consideration of the risks associated with the completion of the project (Level 2 input). Significant Inputs as of June 30, 2024 and December 31, 2023 — SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS Property Fair value hierarchy Valuation techniques Significant unobservable inputs Value Relationship of unobservable inputs to fair value Discounted cash flows Risk adjusted residual capitalization rate 2024: 7.9% 2023: 7.9% The higher the risk adjusted residual rate, the lower the fair value. Operating Properties Level 3 Risk adjusted discount rate 2024: 10.6% 2023: 10.8% The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2024: 98.2% 2023: 98.2% The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2024: 7.8% 2023: 7.9% The higher the stabilized capitalization rate, the lower the fair value Discounted cash flows Risk adjusted residual capitalization rate 2024: 8.1% 2023: 8.1% The higher the risk adjusted residual rate, the lower the fair value. Properties Under Development Level 3 Risk adjusted discount rate 2024: 10.4% 2023: 10.8% The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2024: 96.9% 2023: 97.7% The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2024: 8.1% 2023: 8.0% The higher the stabilized capitalization rate, the lower the fair value Land Bank Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2024: 7.8% 2023: 7.8% The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2024: 11.8% 2023: 11.8% The higher the risk adjusted discount rate, the lower the fair value. The reconciliation of investment properties for the six months ended June 30, 2024 and year ended June 30, 2023, were as follows: SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY June 30, 2024 June 30, 2023 Beginning balance $ 514,172,281 $ 449,036,633 Additions 12,661,512 15,046,916 Foreign currency translation effect (10,721,259 ) 16,043,694 Gain on valuation of investment properties 9,749,988 10,276,377 Ending balance $ 525,862,522 $ 490,403,620 Investment Properties Dispositions Sale of Latam Parque Logistico Calle 80 Building 500A On November 24, 2023, the Company closed the sale of its investment property, Latam Parque Logistico Calle 80 Building 500A (with a carrying value of USD 17,634,208 79,850,000,000 19,512,112 33,829,392,065 8,266,536 11,505,151,984 2,778,063 During the three and six months ended June 30, 2024, the Company recognized interest income of $ 195,039 424,155 9,204,121,586 2,361,010 5,751,931 8,219,898 In accordance with the purchase and sale agreement, as of June 30, 2024, the deferred cash payments will be paid to the Company in the upcoming three installments based on the following schedule: SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS Consideration Installment Payment due in August 2024 1,109,454 Installment Payment due in November 2024 1,109,454 Installment Payment due in February 2025 3,883,090 Discount on future payments (350,067 ) Receivables from the sale of investment properties - short term $ 5,751,931 Sale of certain land lot in Latam Logistic Park San José – Verbena During the year ended December 31, 2021, the Company engaged in an active sale negotiation for the sale of certain land lot with a third-party buyer. The land lot held for sale is part of a land lot that is owned by LatAm Parque Logistico San José - Verbena partnership, within the Costa Rica segment. On May 21, 2021, the Company signed on behalf of LatAm Parque Logistico San José - Verbena partnership, the purchase and sale agreement for the sale of the fully serviced land parcel for $ 4,000,000 SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000 On May 24, 2021, the Company, through LatAm Parque Logistico San José - Verbena partnership, received the first installment payment of $ 1,200,000 1,200,000 1,600,000 1,022,853
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
INVESTMENT PROPERTIES		12. INVESTMENT PROPERTIES The Group’s investment properties are located in Colombia, Peru and Costa Rica and they are primarily measured using Level 3 inputs from the IFRS fair value hierarchy. The values, determined by the external appraisers, are recognized as the fair value of the Group’s investment property at the end of each reporting period. Gains or losses arising from changes in the fair values are included in the consolidated statement of profit or loss and other comprehensive loss in the period in which they arise. For the years ended December 31, 2023, 2022 and 2021, the Group recorded a gain of $ 20,151,026 3,525,692 12,610,127 As of December 31, 2023, and 2022 all owned investment properties are guaranteeing the Group’s debt. As of December 31, 2023, and 2022, the fair market value (“FMV”) of investment properties were as follows: SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES FMV as of FMV as of December 31, December 31, 2023 2022 Land bank: Land bank under right-of-use Peru $ 619,976 $ — Sub-total 619,976 — Owned land bank Colombia 24,100,446 16,394,722 Peru — 7,190,000 Costa Rica — 6,155,000 Sub-total 24,100,446 29,739,722 Total Land Bank $ 24,720,422 $ 29,739,722 Properties under development: Properties under right-of-use Peru $ 12,260,000 $ 614,523 Sub-total 12,260,000 614,523 Owned properties Colombia — 20,708,910 Peru 22,230,781 9,793,481 Costa Rica 10,891,000 35,715,220 Sub-total 33,121,781 66,217,611 Total properties under development $ 45,381,781 $ 66,832,134 Operating Properties Owned properties Colombia $ 106,957,000 $ 70,645,712 Peru 92,239,857 87,523,052 Costa Rica 244,873,221 194,296,013 Sub-total 444,070,078 352,464,777 Total operating properties $ 444,070,078 $ 352,464,777 Total operating properties and properties under development $ 489,451,859 $ 419,296,911 Total $ 514,172,281 $ 449,036,633 There were no transfers between Levels 1, 2 or 3 during the years ended December 31, 2023 and 2022. The Group uses an external appraiser in order to determine the fair value for its investment properties. The independent appraiser holds a recognized and relevant professional qualification and has recent experience of the location and category of the investment property being valued. The valuation model is in accordance with the guidance recommended by the International Valuation Standards Committee. These valuation models are consistent with the principles in IFRS 13. Disclosed below is the valuation technique used to measure the fair value of investment properties, along with the significant unobservable inputs used. Valuation Techniques – Operating Properties i. The present value of net cash flows generated by the property takes into account the expected rental growth rate, vacancy periods, occupancy rate, lease incentive costs such as rent-free periods and other costs not paid by tenants. The expected net cash flows are discounted using risk adjusted discount rates. Among other factors, the discount rate estimation considers the quality of a building and its location, tenant credit quality and lease terms. ii. The direct capitalization method. This method involves capitalizing a fully leased net operating income estimate by an appropriate yield. This approach is best utilized with stabilized assets, where there is little volatility in the net income and the growth prospects are also stable. It is most commonly used with single tenant investments or stabilized investments. involves capitalizing the property net operating income at a market capitalization rate. The net operating income is determined by using the property Effective Gross Income (EGI) net of operating expenses. The EGI is determined by the property’s Potential Gross Income (PGI) through analysis of the property actual historic income and an analysis of competitive current market income rates and deducting the PGI with an estimate for vacancy and collection. iii. The cost approach. The cost approach involves the estimation of the replacement cost of the building and site improvements that a prudent and rational person would pay no more for a property than the cost to construct a similar and competitive property - assuming no undue delay in the process. – Properties Under Development – Land Bank i. The sales comparison approach. This approach compares sales or listing of similar properties with the subject property using the price per square feet (Level 2 input). This approach is given supporting weight in this analysis because of the well-supported range of value within this approach and the likelihood that the subject could be purchased by an owner-user. ii. The cost approach. This approach is based on the principle of substitution that a prudent and rational person would pay not more than the cost to construct a similar property. This approach generally considers estimated replacement cost of the land and the site improvements (e.g., infrastructure) and estimated depreciation accrued to the improvements (Level 2 input). iii. The residual land value approach. This approach involves residual amount after deducting all known or anticipated costs required to complete the development from the anticipated value of the project when completed after consideration of the risks associated with the completion of the project (Level 2 input). Significant Inputs as of December 31, 2023 and 2022 SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS Property Fair value hierarchy Valuation techniques Significant unobservable inputs Value Relationship of unobservable inputs to fair value Operating Properties Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 7.9 7.8 The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2023: 10.8 10.5 The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2023: 98.2 98.1 The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2023: 7.9 7.5 The higher the stabilized capitalization rate, the lower the fair value Properties Under Development Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 8.1 7.8 The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2023: 10.8 10.4 The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2023: 97.7 98.8 The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2023: 8.0 7.8 The higher the stabilized capitalization rate, the lower the fair value Land Bank Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 7.75 7.75 The higher the stabilized capitalization rate, the lower the fair value Risk adjusted discount rate 2023: 11.75 11.25 The higher the risk adjusted discount rate, the lower the fair value. Fair value sensitivity: The following table presents a sensitivity analysis to the impact of 10 basis points (“bps”) increase or decrease of the discount rates and exit cap rate and the aggregated impact of these two on fair values of the investment properties - land and buildings representing leased land and buildings valued using the discounted cash flows and direct capitalization method as of December 31, 2023 and 2022: SCHEDULE OF FAIR VALUE SENSITIVITY ANALYSIS 2023 Impact of+10 bps on Impact of+10 bps Impact of+10 bps Building and land (decrease) $ (2,987,585 ) $ (3,356,702 ) $ (6,264,419 ) Impact of-10 bps on Impact of-10 bps Impact of-10 bps Building and land increase $ 2,987,585 $ 3,356,702 $ 6,264,419 2022 Impact of+10 bps on Impact of+10 bps Impact of+10 bps Building and land (decrease) $ (2,697,642 ) $ (2,905,108 ) $ (5,565,415 ) Impact of-10 bps on Impact of-10 bps Impact of-10 bps Building and land increase $ 2,697,642 $ 2,905,108 $ 5,565,415 The reconciliation of investment properties for the year ended December 31, 2023, 2022 and 2021, were as follows: SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY 2023 2022 2021 Balance at beginning of year $ 449,036,633 $ 428,275,741 $ 364,307,039 Additions 33,704,768 47,774,104 70,082,968 Foreign currency translation effect 28,914,062 (21,265,904 ) (16,361,576 ) Disposal of investment property (17,634,208 ) (9,273,000 ) — Transfer to asset held for sale — — (2,362,817 ) Gain on revaluation of investment property 20,151,026 3,525,692 12,610,127 Balance at end of year $ 514,172,281 $ 449,036,633 $ 428,275,741 Investment Properties Acquisitions — There were no 14,710,000 4,050,000 355,322 Investment Properties Dispositions On November 24, 2023, the Group closed the sale of its investment property, Latam Parque Logistico Calle 80 Building 500A (with a carrying value of USD 17,634,208 79,850,000,000 19,512,112 33,829,392,065 8,266,536 11,505,151,984 2,778,063 8,219,898 1,165,170 98,990 In accordance with the purchase and sale agreement, the deferred cash payments will be paid to the Group in the upcoming five installments based on the following schedule: SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS Consideration 1 st $ 1,204,082 2 nd 1,204,082 3 rd 1,204,082 4 th 1,204,082 5 th 4,214,286 Discount on future payments (810,716 ) Total consideration outstanding, net of discount $ 8,219,898 Receivables from the sale of investment properties - short term 4,072,391 Receivables from the sale of investment properties - long term $ 4,147,507 During 2022, The Group sold two of its investments Properties with a carrying amount totaling $ 9,273,000 8,874,753 398,247 There were no disposition activities during the year ended December 31, 2021.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
OTHER CURRENT ASSETS	10. OTHER CURRENT ASSETS The detail of other current assets as of the June 30, 2024 and December 31, 2023 were as follows: SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS June 30, 2024 December 31, 2023 Value added tax receivable $ 1,434,913 $ 2,207,983 Prepaid insurance 1,190,240 181,528 Other 651,782 402,082 Total $ 3,276,935 $ 2,791,593
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
OTHER CURRENT ASSETS		10. OTHER CURRENT ASSETS The details of other current assets as of December 31, 2023 and December 31, 2022 were as follows: SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS 2023 2022 Value added tax receivable $ 2,207,983 $ 179,566 Prepaid taxes 651,925 816,138 Other 583,610 712,609 Total $ 3,443,518 $ 1,708,313

LONG TERM DEBT

LONG TERM DEBT	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
DisclosureOfLongTermDebtLineItems [Line Items]
LONG TERM DEBT	11. LONG TERM DEBT As of June 30, 2024 and December 31, 2023, the debt of the Company was as follows (all loans are USD denominated, except loans in Colombia are COP denominated): SCHEDULE OF LONG TERM DEBT Financial Type Expiration Annual Interest Rate Restricted Restricted Remaining Amount Amount December 31, Costa Rica (USD denominated) BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024) — — — — 46,908,999 BAC Credomatic, S.A. Mortgage Loan April 2039 3Mo SOFR + 200 bps, no min. rate — — — 59,934,509 — Banco Davivienda Costa Rica, S.A. Mortgage Loan Nov 2038 Year 1:7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps 72,346 — — 7,821,650 7,974,306 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps — — — 65,111,489 65,727,171 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps 480,000 480,000 — 18,113,690 18,285,023 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps — — — 15,022,127 15,164,206 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps 140,485 140,485 — 6,858,951 6,918,421 Total Costa Rica Loans $ 692,831 $ 620,485 $ — $ 172,862,416 $ 160,978,126 Peru (USD denominated) BBVA Peru Tranche 1 Mortgage Loan March 2053 8.50% 1,614,732 — — 47,596,844 48,670,000 BBVA Peru Tranche 2 Mortgage Loan March 2053 8.40% 371,728 — — 10,957,270 11,330,000 BBVA Peru Mortgage Loan July 2024 8.35% 2,000,000 2,000,000 — 2,000,000 2,000,000 Total Peru Loans $ 3,986,460 $ 2,000,000 — $ 60,554,114 $ 62,000,000 Colombia (COP denominated) Bancolombia, S.A. Mortgage Loan January 2036 IBR +327 bps no min. rate — — — 20,988,185 23,087,020 Bancolombia, S.A. Mortgage Loan May 2036 IBR +365 bps no min. rate — — — 16,969,122 18,738,132 BTG Secured Bridge Loan November 2025 IBR +695 bps no min. rate — — — 6,026,943 6,540,992 Total Colombia Loans — — — $ 43,984,250 $ 48,366,144 Total $ 4,679,291 $ 2,620,485 $ — $ 277,400,780 $ 271,344,270 Accrued financing costs 827,501 752,874 Debt issuance costs, net (2,349,802 ) (2,242,909 ) Total Debt $ 275,878,479 $ 269,854,235 Less: Current portion of long-term debt (12,287,698 ) (16,703,098 ) Total Long-term debt $ 263,590,781 $ 253,151,137 Debt Agreements IFC The IFC secured credit facility includes full development of Latam Logistic Lima Sur through a two-tranche facility. Latam Logistic Lima Sur is a total of six buildings development divided in two phases. The loan has an aggregate borrowing capacity of $ 53,000,000 ● Tranche 1 27,100,000 6,865,611 July 15, 2028 ● Tranche 2 25,900,000 6,475,000 July 15, 2030 15,607,323 The loan bears a commitment fee over unborrowed amounts until January 15, 2022, as follows: – June 16, 2019 – December 31, 2019 – 0.50% – January 1, 2020 – June 30, 2021 – 1.00% – July 1, 2021 – January 15, 2022 – 1.50% On March 14, 2022, the Company negotiated a new interest rate on the IFC Tranche 1, reducing the spread by 100 basis points, to 425 basis points, effective July 15, 2022. All the other terms and conditions of the loan with IFC remained the same. A gain of $ 351,503 On October 26, 2023, the Company drew on its debt facilities with IFC for a total of $ 10,292,677 On December 15, 2023, the Company refinanced the debt outstanding with IFC Tranche 1 and Tranche 2 for a total amount of $ 46,973,443 60,000,000 1,651,793 ITAU On January 6, 2021, the Company entered into a COP denominated secured construction loan facility with ITAU for a total borrowing capacity of COP$ 35,000 10.1 0.50% 118,073 Bancolombia On January 22, 2021, the Company entered into a COP denominated financing agreement of COP 44,500 12.8 30,000 7.0 0.1% 15 40% 29,901 6.9 34,000 8.4 57,810 14.3 91,810 22.7 fourteen-year 42,866 11.4 On September 22, 2023, the Company negotiated a deferral of principal with Bancolombia, deferring all principal payments for seven months, beginning on October 1, 2023. All the other terms and conditions of the loan with Bancolombia remained the same. A modification gain of $ 70,058 BAC Credomatic In March 2021, the Company entered into two U.S. dollar denominated mortgage loan facilities with BAC Credomatic, S.A. for an aggregate amount of $ 10.0 5.0% On July 7, 2021, the Company entered into a U.S. dollar denominated mortgage loan facility of up to $ 45.5 829,898 60% The mortgage loan has a term of 10 years with a 15-year amortization profile. On February 16, 2022, the Company repaid one of the loans with BAC Credomatic due to the sale of the underlying property. The loan outstanding balance at the time of the sale was $ 2,868,155 586 8.12% 121,038 8.12% 47,466 As of December 31, 2022, the Company had borrowed $ 1.0 1.0 On April 30, 2024, the Company refinanced its secured loans of $ 46.6 60.0 15 2% 7.33% 5.50% 38,219 Banco Promerica On August 16, 2021, the Company entered into a U.S. dollar denominated mortgage loan of $ 7.0 118,403 Banco Davivienda On January 6, 2022, the Company negotiated a new interest rate on the Davivienda de Cosa Rica loans 3-month LIBOR plus 475 basis points and eliminated the interest rate floor, all the other terms and conditions of the loans with Davivienda de Costa Rica remained the same. A modification gain of $ 4,077,399 Banco Nacional On April 28, 2023, the Company refinanced all outstanding loans with Banco Davivienda de Costa Rica, Banco Promerica de Costa Rica, S.A. and all loans except one with BAC Credomatic, S.A., with Banco Nacional de Costa Rica, S.A. An extinguishment loss of $ 6,555,113 107,353,410 On November 1, 2023, the Company refinanced a debt outstanding with Banco Nacional de Costa Rica, S.A. ($ 7,373,460 8,000,000 15 The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards. BTG On August 25, 2023, and August 30, 2023, the Company entered into two new line of credit agreement with BTG Pactual Colombia S.A. for COP 15,000,000,000 10,000,000,000 3,679,266 2,433,042 On May 27, 2024, the Company restructured its two loans with BTG Pactual Colombia S.A. into a single loan with the same lender. The new loan maintains the same outstanding principal amount of COP 25,000,000,000 6,446,506 208,799 BBVA On October 19, 2023, the Company entered into a new line of credit agreement with El Banco BBVA Peru for $ 2,000,000 14.45% 8.35% 9 On December 15, 2023, the Company entered into a mortgage loan with El Banco BBVA Peru for a total of $ 60,000,000 48,670,000 11,330,000 10 35% 8.5% 8.4% LIBOR Rate Long-Term Debt Maturities SCHEDULE OF LONG-TERM DEBT MATURITIES Mortgage Loan Secured Bridge Loan Total Maturity: Remainder of 2024 $ 6,036,525 $ 1,004,491 $ 7,041,016 2025 8,370,124 5,022,452 13,392,576 2026 8,955,841 — 8,955,841 2027 9,694,303 — 9,694,303 2028 10,416,046 — 10,416,046 2029 11,237,596 — 11,237,596 Thereafter 216,663,402 — 216,663,402 Accrued and deferred financing cost, net (1,328,310 ) (193,991 ) (1,522,301 ) Total $ 270,045,527 $ 5,832,952 $ 275,878,479 Financing Cost SCHEDULE OF COMPONENTS OF FINANCING COST 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Gross interest expense $ 5,912,315 $ 5,770,045 $ 11,755,397 $ 11,372,049 Gross commitment fees — 39,027 — 77,805 Amortization of debt issuance cost 49,580 212,398 83,122 508,552 Debt modification gain (208,799 ) — (208,799 ) (121,038 ) Debt extinguishment loss 38,219 6,201,589 38,219 6,201,589 Other financing cost 17,662 14,112 33,540 38,671 Total financing cost before capitalization 5,808,977 12,237,171 11,701,479 18,077,628 Capitalized amounts into investment properties — (102,295 ) (330,123 ) (440,710 ) Net financing cost 5,808,977 12,134,876 11,371,356 17,636,918 Total cash paid for interest and commitment fees $ 5,843,654 $ 5,444,455 $ 11,686,352 $ 11,779,772 Debt Reconciliation SCHEDULE OF RECONCILIATION OF LONG TERM DEBT 2024 2023 Six months ended June 30, 2024 2023 Beginning balance $ 269,854,235 $ 209,326,775 Secured bank debt borrowings 13,091,001 113,971,395 Bridge loan borrowings Secured bank debt repayments (3,250,201 ) (98,400,674 ) Bridge loan repayments Long—term accrued interest Debt issuance cost Borrowing cost incurred — (5,213 ) Transfer to liabilities associated with HFS — (7,775,210 ) Deferred financing cost amortization 83,122 508,552 Debt modification gain (208,799 ) (121,038 ) Debt extinguishment loss 38,219 6,201,589 Foreign currency translation effect (3,729,098 ) 3,965,584 Ending balance $ 275,878,479 $ 227,671,760 Financial Debt Covenants The loans contain, among others, the following events of default: (i) non-payment; (ii) false representations; (iii) failure to comply with covenants; (iv) inability to generally pay debts as they become due; (v) any bankruptcy or insolvency event; (vi) disposition of the subject properties; or (vii) change of control of the subject properties. As of June 30, 2024 and December 31, 2023, the Company was compliant with, or otherwise had waivers for all debt covenants with its lenders. The Company received waivers for the requirement to comply with Bancolombia financial covenants on June 26, 2024. The Bancolombia waiver was effective through the testing period of June 30, 2024 and December 31, 2024, and ratio compliance testing will next be applicable for this loan in June 2025. The outstanding Bancolombia loan balance as of June 30, 2024 was $ 38.0 1.6
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
LONG TERM DEBT		16. DEBT LONG TERM DEBT As of December 31, 2023 and 2022, the debt of the Group was as follows (all loans are USD denominated, except loans in Colombia are COP denominated): SCHEDULE OF LONG TERM DEBT Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 Costa Rica (USD denominated) Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo Secured Overnight Financing Rate (“SOFR”) + 435 bps, no min. rate $ — $ 874,210 $ — $ — $ 30,411,676 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 309,814 — — 11,355,244 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 142,244 — — 4,856,716 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 442 bps, no min. rate — 339,900 — — 10,731,686 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 320,940 — — 3,865,901 Banco Davivienda Costa Rica, S.A. Mortgage Loan Nov, 2038 Year 1: 7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps — — — 7,974,306 — BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 432 bps, no min. rate — — — — 2,218,382 BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 440 bps, no min. rate — — — — 3,034,137 Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 BAC Credomatic, S.A. Mortgage Loan Refinanced US Prime Rate + 110 bps, no min. rate — — — — 972,476 BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 439 bps, no min. rate — — — — 6,562,983 BAC Credomatic, S.A. Mortgage Loan July 2031 3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024) — — 1,141,001 46,908,999 34,997,899 Banco Promerica de Costa Rica, S.A. Mortgage Loan Refinanced Prime Rate + 275 bps, no min. rate — 2 — — 6,697,365 Banco Nacional de Costa Rica, S.A. Mortgage Loan Refinanced 0-2 years: 6.5%, Thereafter: 290 bps + US Prime Rate, no min. rate — — — — 7,583,783 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps — — — 65,727,171 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps 480,000 — — 18,285,023 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps — — — 15,164,206 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps 140,485 — — 6,918,421 — Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 Total Costa Rica Loans $ 620,485 $ 1,987,110 $ 1,141,001 $ 160,978,126 $ 123,288,248 Peru (USD denominated) International Finance Corporation Tranche 1 Mortgage Loan Refinanced 6Mo SOFR + 425 bps, no min. rate — — — — 21,671,047 International Finance Corporation Tranche 2 Mortgage Loan Refinanced 6Mo SOFR + 525 bps no min. rate — 1,205,162 — 15,009,719 BBVA Peru Tranche 1 Mortgage Loan March 2053 8.50 — — — 48,670,000 — BBVA Peru Tranche 2 Mortgage Loan March 2053 8.40 — — — 11,330,000 — BBVA Peru Mortgage Loan July 2024 8.35 2,000,000 — — 2,000,000 — Total Peru Loans $ 2,000,000 $ 1,205,162 $ $ 62,000,000 $ 36,680,766 Colombia (COP denominated) Bancolombia, S.A. Mortgage Loan January 2036 IBR +327 bps no min. rate — — — 23,087,020 18,688,521 Bancolombia, S.A. Mortgage Loan May 2036 IBR +365 bps no min. rate — — — 18,738,132 15,145,128 BTG Secured Bridge Loan August 2024 IBR +720 bps no min. rate — — — 6,540,992 — ITAÚ Corpbanca Colombia, S.A. Mortgage Loan Paid IBR +447 bps no min. rate — — — — 7,047,004 Total Colombia Loans $ — $ — $ — $ 48,366,144 $ 40,880,653 Panama (USD dominated) Banco BTG Pactual S.A. — Cayman Branch Secured Bridge Loan Paid SOFR + 600 bps, no min rate — — — — 15,000,000 Total Panama Loans $ — $ — $ — $ — $ 15,000,000 Total $ 2,620,485 $ 3,192,272 $ 1,141,001 $ 271,344,270 $ 215,849,667 Accrued financing costs 752,874 2,823,170 Debt issuance costs, net (2,242,909 ) (9,346,062 ) Total debt 269,854,235 209,326,775 Less: Current portion of long-term debt (16,703,098 ) (23,576,982 ) Less: Reclassified to short term due to debt waiver on Banco Davivienda Alajuela I SRL and Bancolombia & ITAÚ loans — (87,366,478 ) Total Long-term debt $ $ 253,151,137 $ 98,383,315 Debt Agreements Secured Bridge Loan On May 21, 2021, the Group entered into a USD Denominated secured bridge loan agreement of $ 15.0 June 17, 2022 5.85 IFC The IFC secured credit facility includes full development of Latam Logistic Lima Sur through a two-tranche facility. Latam Logistic Lima Sur is a total of six buildings development divided in two phases. The loan has an aggregate borrowing capacity of $ 53,000,000 ● Tranche 1 27,100,000 6,865,611 July 15, 2028 ● Tranche 2 25,900,000 6,475,000 July 15, 2030 15,607,323 The loan bears a commitment fee over unborrowed amounts until December 15, 2022 as follows: – June 16, 2019 – December 31, 2019 – 0.50 – January 1, 2020 – June 30, 2021 – 1.00 – July 1, 2021 – January 15, 2022 – 1.50 On March 14, 2022, the Group negotiated a new interest rate on the IFC Tranche 1, reducing the spread by 100 basis points, to 425 basis points, effective July 15, 2022. All the other terms and conditions of the loan with IFC remained the same. A gain of $ 351,503 On October 26, 2023, the Group drew on its debt facilities with IFC for a total of $ 10,292,677 On December 15, 2023, the Group refinanced the debt outstanding with IFC Tranche 1 and Tranche 2 for a total amount of $ 46,973,443 60,000,000 1,651,793 As per the loan agreement, the Group has to maintain a cash collateral account as a guarantee of the principal during the construction and leasing period. As of December 31, 2022, the Group had a restricted cash equivalent of $ 1,205,162 ITAÚ On January 6, 2021, LLP entered into a COP denominated secured construction loan facility with ITAÚ Corpbanca Colombia, S.A. (“ ITAÚ 35,000 10.1 0.50 118,073 Bancolombia On January 22, 2021, LLP entered into a COP denominated financing agreement of COP 44,500 12.8 30,000 7.0 0.1 15 40 29,901 6.9 34,000 8.4 57,810 14.3 91,810 22.7 fourteen-year 42,866 11.4 653,847 On September 22, 2023, the Group negotiated a deferral of principal with Bancolombia, deferring all principal payments for seven months, beginning on October 1, 2023. All the other terms and conditions of the loan with Bancolombia remained the same. A gain of $ 70,058 BAC Credomatic In March 2021, LLP entered into two U.S. dollar denominated mortgage loan facilities with BAC Credomatic, S.A. for an aggregate amount of $ 10.0 5.0 On July 7, 2021, LLP entered into a U.S. dollar denominated mortgage loan facility of up to $ 45.5 829,898 60 The mortgage loan has a term of 10 years with a 15-year amortization profile. On February 16, 2022, the Group repaid one of the loans with BAC Credomatic due to the sale of the underlying property. The loan outstanding balance at the time of the sale was $ 2,868,155 586 8.12 121,038 8.12 47,466 As of December 31, 2022, LLP has borrowed $ 1.0 1.0 Banco Promerica On August 16, 2021, LLP entered into a U.S. dollar denominated mortgage loan of $ 7.0 118,403 Banco Davivienda On January 6, 2022, the Group negotiated a new interest rate on the Davivienda de Cosa Rica loans 3-month LIBOR plus 475 basis points and eliminated the interest rate floor, all the other terms and conditions of the loans with Davivienda de Costa Rica remained the same. A gain of $ 4,077,399 On January 31, 2022, LLP entered into a U.S. dollar denominated mortgage loan of $ 2.4 fifteen-year Banco Nacional On April 28, 2023, the Group refinanced all outstanding loans with Banco Davivienda de Costa Rica, Banco Promerica de Costa Rica, S.A. and all loans except one with BAC Credomatic, S.A., with Banco Nacional de Costa Rica, S.A. A loss of $ 6,555,113 107,353,410 On November 1, 2023, LLP refinanced the debt outstanding with Banco Nacional de Costa Rica, S.A. ($ 7,373,460 8,000,000 15 The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards BTG On August 25, 2023 and August 30, 2023, LLP entered into two new line of credit agreement with BTG Pactual Colombia S.A. for COP 15,000,000,000 10,000,000,000 3,679,266 2,433,042 BBVA Peru On October 19, 2023, the Group entered into a new line of credit agreement with El Banco BBVA Peru for $ 2,000,000 14.45 8.35 9 On December 15, 2023, LLP entered into a mortgage loan with El Banco BBVA Peru for a total of $ 60,000,000 48,670,000 11,330,000 10 35 8.5 8.4 LIBOR Rate Long-Term Debt Maturities SCHEDULE OF LONG-TERM DEBT MATURITIES Mortgage Loan Secured Bridge Loan Total Maturity: 2024 $ 10,162,104 $ 6,540,992 $ 16,703,096 2025 9,569,893 — 9,569,893 2026 10,215,729 — 10,215,729 2027 11,410,890 — 11,410,890 2028 11,835,657 — 11,835,657 Thereafter 211,609,005 — 211,609,005 Accrued and deferred financing cost, net (1,490,035 ) — (1,490,035 ) Total $ 263,313,243 $ 6,540,992 $ 269,854,235 Financing Cost SCHEDULE OF WEIGHTED AVERAGE NET EFFECTIVE INTEREST RATE 2023 2022 Weighted Average Interest Rate (1) Amount Outstanding Weighted Average Interest Rate (1) Amount Outstanding Mortgage Loan 8.5% $ 264,803,278 9.2% $ 200,849,667 Bridge Loan 20.2% 6,540,992 10.7% 15,000,000 Total 8.8% $ 271,344,270 9.3% $ 215,849,667 (1) The interest rate presented represent the effective interest rate (including debt issuance costs) at the end of the year for the debt outstanding. The following table summarizes the components of financing cost including the deferred financial cost amortization for the year ended December 31, 2023, 2022 and 2021: SCHEDULE OF COMPONENTS OF FINANCING COST 2023 2022 2021 Gross interest expense $ 22,557,977 $ 15,568,346 $ 9,506,320 Gross commitment fees 128,410 225,261 286,117 Amortization of debt issuance cost 203,237 1,089,893 659,072 Debt modification gain (143,630 ) (3,775,054 ) — Debt extinguishment loss 8,370,997 — — Other expense 593,623 112,542 238,740 Total financing cost before capitalization 31,710,614 13,220,988 10,690,249 Capitalized amounts into investment properties (599,550 ) (1,454,262 ) (890,691 ) Net financing cost $ 31,111,064 $ 11,766,726 $ 9,799,558 Total cash paid for interest and commitment fees $ 24,862,976 $ 14,505,955 $ 9,391,336 Debt Reconciliation SCHEDULE OF RECONCILIATION OF LONG TERM DEBT 2023 2022 Beginning balance $ 209,326,775 $ 188,719,114 Secured bank debt borrowings 199,135,651 44,217,867 Bridge loan borrowings 6,540,992 — Secured bank debt repayments (152,416,321 ) (13,335,183 ) Bridge loan repayments (66,040 ) — Long—term accrued interest — (9,733 ) Debt issuance cost (814,661 ) (41,550 ) Deferred financing cost amortization 184,423 1,037,824 Debt extinguishment loss 8,370,997 — Debt modification gain (143,630 ) (3,775,054 ) Foreign currency translation effect (263,951 ) (7,486,510 ) Ending balance $ 269,854,235 $ 209,326,775 To the extent that the Group borrows funds specifically for the purpose of obtaining a qualifying asset, the Group determined the amount of debt issuance costs eligible for capitalization. Debt issuance costs incurred of ($ 814,661 41,550 1,070,987 Financial Debt Covenants The loans contain, among others, the following events of default: (i) non-payment; (ii) false representations; (iii) failure to comply with covenants; (iv) inability to generally pay debts as they become due; (v) any bankruptcy or insolvency event; (vi) disposition of the subject properties; or (vii) change of control of the subject properties. As of December 31, 2023, the group was compliant with, or otherwise had waivers for all debt covenants with its lenders. As of December 31, 2022, the Group was not in compliance with certain debt covenants set forth in its loan agreements with Banco Davivienda, Bancolombia and ITAÚ. Since the liabilities were payable on demand as of December 31, 2022, and the Group did not have the right to defer its settlement for at least twelve months after that date, the Group reclassified the debt balance with Banco Davivienda, Bancolombia and ITAÚ totaling $ 87,366,478

EQUITY

EQUITY	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
EQUITY	12. EQUITY As described in Note 3, on March 27, 2024, the Company consummated the Business Combination. As a result of the Business Combination, LPA issued 31,709,747 0.0001 450,000,000 50,000,000 0.0001 Retained earnings consist of legal reserves and accumulated earnings. According to the legislation in effect in several countries in which the Company operates, the Company’s subsidiaries must appropriate a portion of each year’s net earnings to their respective legal reserve. The legal reserve amount varies by jurisdiction and ranges from 5% 10% 10% 50%
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
EQUITY		17. EQUITY Latam Logistic Properties, S.A. shareholders authorized a single class of common stock of 300,000,000 168,142,740 1.00 All shares are equally eligible to receive dividends and the repayment of capital and represent one vote at shareholders’ meetings of Latam Logistic Properties, S.A. For the years ended December 31, 2023, 2022 and 2021 non-controlling partners have made capital contribution to the Group of $ 5,870,314 700,000 4,084,160 4,522,936 2,067,803 1,024,747 Retained earnings consist of legal reserves and accumulated earnings. According to the legislation in effect in several countries in which the Group operates, the Group’s subsidiaries must appropriate a portion of each year’s net earnings to their respective legal reserve. The legal reserve amount varies by jurisdiction and ranges from 5% 10% 10% 50%

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
EARNINGS (LOSS) PER SHARE	13. EARNINGS (LOSS) PER SHARE The Company determines basic earnings (loss) per share by dividing the profit (loss) for the period attributable to ordinary equity holders of the Company by the weighted average number of shares of ordinary shares outstanding during the period. The Company computes diluted earnings (loss) per share by dividing the profit (loss) for the period attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares outstanding combined with plus the incremental weighted average number of ordinary shares outstanding that would be issued on conversion or settlement of all outstanding potentially dilutive instruments. There were 416,500 no The calculated basic and diluted earnings (loss) per share for the three and six months ended June 30, 2024 and 2023, were as follows: SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Earnings (loss) per share – basic $ 0.31 $ (0.17 ) $ (1.26 ) $ 0.09 Earnings (loss) per share - diluted $ 0.31 $ (0.17 ) $ (1.26 ) $ 0.09 Net earnings (loss) attributed to owner(s) of the Company $ 9,907,633 $ (4,762,860 ) $ (38,123,976 ) $ 2,628,360 Weighted average number of shares – basic 31,709,747 28,600,000 30,223,220 28,600,000 Weighted average effect of dilutive securities: RSUs 153,421 — — — Weighted average number of shares – diluted 31,863,168 28,600,000 30,223,220 28,600,000 As discussed in detail in Note 3, the Company’s basic and diluted earnings (loss) per share related to LLP prior to the Business Combination have been retroactively recast based on shares reflecting the exchange ratio established in the Business Combination. There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorization of these financial statements.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
EARNINGS (LOSS) PER SHARE		19. EARNINGS PER SHARE EARNINGS (LOSS) PER SHARE The Group determines basic earnings per share based on the weighted average number of shares of common stock outstanding during the year. The Group computes diluted earnings per share on the weighted average number of shares outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. As described in Note 1 and Note 25, the Business Combination was consummated on March 27, 2024. The Business Combination was accounted for as a reverse capitalization in accordance with IFRS and LLP was considered as the accounting predecessor. Hence, the basic and diluted earnings (loss) per share related to LLP prior to the Business Combination have been retroactively recast based on shares reflecting the exchange ratio established in the Business Combination. The calculated basic and diluted earnings per share for the year ended December 31, 2023, 2022 and 2021, were the same, as follows: SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE 2023 2022 2021 Earnings per share – basic and diluted $ 0.11 $ 0.28 $ 0.14 Net earnings attributed to owners of the Group $ 3,139,333 $ 8,028,610 $ 4,126,505 Weighted average number of shares – basic and diluted 28,600,000 28,600,000 28,600,000

INCOME TAX

INCOME TAX	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
INCOME TAX	14. INCOME TAX LPA is a foreign corporation organized in accordance with the laws of Cayman Islands and is not subject to income tax in the United States. LPA has a diversified portfolio, operating in Costa Rica, Colombia and Peru through various subsidiaries located in the local countries. The income tax rates applicable to the LPA in Costa Rica, Colombia and Peru are 30.0 35.0 29.5 The Company’s effective tax rates for the three months ended June 30, 2024 and 2023 were 4.2 61.2 12.7 32.2
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
INCOME TAX		20. INCOME TAX For the years ended December 31, 2023, 2022 and 2021, income tax from continued operations was as follows: SCHEDULE OF INCOME TAX FROM CONTINUED OPERATIONS 2023 2022 2021 Current income tax expense $ 6,209,629 $ 1,044,399 $ 175,631 Deferred income tax (benefit) expense (1,229,007 ) 1,192,108 8,581,072 Tax expense $ 4,980,622 $ 2,236,507 $ 8,756,703 Reconciliations of income taxes from the Costa Rica national statutory rate of 30 SCHEDULE OF EFFECTIVE INCOME TAX EXPENSES 2023 2022 2021 Net profit before taxes $ 12,136,627 $ 13,677,740 $ 17,426,088 Income tax expense calculated at Costa Rica statutory tax rate of 30 3,640,988 4,103,322 5,227,826 Foreign rate differential 1,442,871 61,500 551,388 Tax attributable to exchange gain/loss (3,048,684 ) (1,882,252 ) 2,056,492 Change in unrecognized deferred tax assets (648,037 ) (238,549 ) 1,039,818 Withholding tax 2,750,903 — — Alternative minimum tax 1,161,583 — — Other (319,002 ) 192,486 (118,821 ) Tax expense $ 4,980,622 $ 2,236,507 $ 8,756,703 The Group distributed income from an entity in Costa Rica to the parent entity in Panama. While Panama does not tax foreign source earnings, the Costa Rica entity is subject to a 15 2.8 The Group is subject to a newly enacted alternative minimum tax (“AMT”) of 15 1.2 Details of the Group’s deferred tax assets and liabilities are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2023 2022 Deferred Tax Assets Net operating loss and tax credit carryforwards $ 2,428,097 $ 1,035,315 Allowance for uncollectible accounts 261,877 816,340 Other accruals 480,299 130,407 Fixed assets 133,781 191,031 Employee benefits 209,820 209,535 Office rent liability 65,656 47,845 Deferred debt interest 741,560 — Other 7,691 26,929 Total deferred tax assets $ 4,328,781 $ 2,457,402 2023 2022 Deferred tax liabilities: Investment properties unrealized gain $ (36,507,341 ) $ (36,806,923 ) Prepaid and other assets (141,469 ) (96,537 ) Deferred financing cost (3,698,940 ) (2,388,299 ) Right-of-use asset (86,510 ) (142,246 ) Total deferred tax liabilities $ (40,434,260 ) $ (39,434,005 ) Net deferred tax liability $ (36,105,479 ) $ (36,976,603 ) All movement in the deferred tax assets and deferred tax liabilities (“DTLs”) was reflected in continuing operations and no other component of income. As of December 31, 2023, the Group had $ 4,328,781 40,434,260 2,428,097 The Group operates in Colombia, Costa Rica, and Peru using local country operating corporations, generally owned by holding companies in Panama. The Panama holding companies are not subject to tax on income sourced outside of Panama, and the Group has no deferred tax liability recognized for its investment in subsidiaries. As of December 31, 2023, the Group considered it more likely than not that the benefit from certain entities’ NOL carryforwards will not be used to offset taxable profits and there are no other tax planning opportunities or other evidence of recoverability in the near future to realize these DTAs. In addition, it is possible that some or all of these NOL carryforwards could ultimately expire unused due to carryforward periods ending prior to 2035. In recognition of this risk, the Group has unrecognized deferred tax assets of $ 3,347,445 The Group files income tax returns as required by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Group may be subject to examination by local tax authorities. As of December 31, 2023, in general, the Group’s local income tax years between 2018 and 2023 remain open and are subject to examination. The Group has no unrecognized tax benefits as of December 31, 2023. In December 2021, the Organisation for Economic Co-operation and Development issued model rules for a new global minimum tax framework (“Pillar Two”), and various government around the world have passed, or are in the process of passing, legislation on this. Certain Pillar Two rules take effect in 2024 and 2025, depending on whether a particular jurisdiction has integrated the legislation into local law. LLP is continuing to monitor these impacts on its operating footprint and does not anticipate an increase in income tax expense associated with Pillar Two.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
EMPLOYEE BENEFITS	15. EMPLOYEE BENEFITS Employee benefits are recognized in general and administrative expense in the condensed consolidated interim statements of profit or loss and other comprehensive income (loss), and for the three and six months ended June 30, 2024 and 2023, consisted of the following: SCHEDULE OF EMPLOYEE BENEFITS Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Short-term employee benefits $ 2,438,663 $ 688,925 $ 3,530,427 $ 1,360,248
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
EMPLOYEE BENEFITS		21. EMPLOYEE BENEFITS Employee benefits are recognized in general and administrative expense in the consolidated statements of profit or loss and comprehensive loss, and for the years ended December 31, 2023, 2022 and 2021, consisted of the following: SCHEDULE OF EMPLOYEE BENEFITS 2023 2022 2021 Short-term employee benefits $ 2,961,866 $ 2,126,750 $ 3,019,824 Severances 17,506 247,860 22,329 Total $ 2,979,372 $ 2,374,610 $ 3,042,153

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	6 Months Ended
	Jun. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]
SHARE-BASED PAYMENTS	16. SHARE-BASED PAYMENTS In March 2024, the Company established the Logistic Properties of the Americas 2024 Equity Incentive Plan (“2024 Plan”) for all employees of the Company whereby LPA may grant options, restricted stock, restricted stock units, stock appreciation rights and other equity-based awards to attract and maintain key company personnel including directors, officers, employees, consultants, and advisors. Restricted Stock Units (“RSUs”) Under the 2024 Plan, the Company granted RSUs to certain senior executives and board of directors who were previously employed by LLP and continued employment with LPA after the Business Combination, certain departing board of directors of LLP and certain newly hired senior executives and board of directors at LPA. Each RSU represents the right for the employee to receive one LPA ordinary share upon vesting and settlement. No amounts are paid or payable to LLP by the recipient on the receipt of the RSUs. The RSUs carry neither rights to dividends nor voting prior to vesting or delivery of the underlying LPA ordinary shares. The Company’s board has a discretion to settle the RSUs in cash or shares but the Company has no intention of settling the RSUs in cash, and given that this is the first time the Company has granted RSUs, the Company does not have a past practice of cash settlement. The Company accounts for the RSUs as equity-settled awards. The Company granted a total of 97,500 319,000 121,000 3 198,000 three RSUs are measured at grant date fair value by reference to the traded price of LPA’s ordinary shares. The Company does not expect to declare any dividends in the near future. Therefore, no expected dividends were incorporated into the measurement of the grant date fair value. The RSUs have a grant date of May 12, 2024, with a weighted average grant date fair value of $ 9.70 1,140,218 1,140,218 Details of the RSUs outstanding during the period are as follows: SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING Number of RSUs Non-vested at December 31, 2023 — Granted 416,500 (a) Vested (97,500 ) Forfeited — Non-vested at June 30, 2024 319,000 (a) Director Transaction and Retention RSUs – 97,500 There was no RSU activity under the 2024 Plan in prior periods and the Company did not enter into any other types of share-based payment arrangements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
RELATED PARTY TRANSACTIONS	17. RELATED PARTY TRANSACTIONS Transactions between the Company and its related parties are made on terms equivalent to those that prevail in arm’s length transactions. Subsidiaries Transactions between the Company and its subsidiaries are eliminated upon consolidation and therefore are not disclosed. Details of the principal group companies and partnerships the Company enters into that are fully consolidated are disclosed in LLP’s most recent audited consolidated financial statements and notes. Key Management Personnel Compensation The amounts disclosed in the table represent the amounts recognized in general and administrative expense on the condensed consolidated interim statements of profit or loss and other comprehensive income (loss) related to key management personnel for the three and six months ended June 30, 2024 and 2023. SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Salaries $ 391,165 $ 202,673 $ 590,486 $ 387,781 Cash performance bonus 248,076 113,600 374,445 232,697 Statutory bonus 14,829 9,736 27,921 24,771 One-time cash bonus related to Business Combination (refer to Note 3) — — 226,000 — Non-executive director’s fees 176,484 41,500 229,290 41,500 Non-cash benefits 9,723 7,480 18,207 14,861 Severance benefits - - - - Share-based payment expense 1,140,218 — 1,140,218 — Total $ 1,980,495 $ 374,989 $ 2,606,567 $ 701,610 Due from affiliates – 3,015,000 4,165,000 3,015,000 December 31, 2023 4,850,000 4,165,000 6,950,000 The principal amount of $ 6,265,000 9.0 20 0 302,808 158,113 314,488 As discussed in Note 3, as of January 1, 2024, the loans to LLI were in default status due to non-payment following the maturity date of December 31, 2023. Pursuant to the Assignment Agreement, upon Closing, the loan receivable from LLI of $ 9,765,972 As of June 30, 2024 and December 31, 2023, the loan receivable from affiliates balances outstanding were as follows: SCHEDULE OF LOAN RECEIVABLE June 30, 2024 December 31, 2023 Interest receivable: Latam Logistics Investments, LLC $ — $ 2,324,041 Interest receivable $ — $ 2,324,041 Loan receivable: Latam Logistics Investments, LLC — 7,139,123 Loan receivable — 7,139,123 Total due from affiliates $ — $ 9,463,164 Refer to detailed discussion around the impact of Business Combination on the loan receivable in Note 3. Additional transactions with key management personnel 289,982 111,376 477,845 249,004
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
RELATED PARTY TRANSACTIONS		22. RELATED PARTY TRANSACTIONS Transactions between the Group and its related parties are made on terms equivalent to those that prevail in arm’s length transactions. Subsidiaries Transactions between the Group and its subsidiaries are eliminated on consolidation and therefore are not disclosed. Details of the principal group companies are given in Note 2. Partnerships the Group enters into are fully consolidated as disclosed in Note 18. Key Management Personnel Compensation The amounts disclosed in the table represent the amounts recognized as general and administrative expenses in the consolidated statements of profit or loss and comprehensive income (loss), related to key management personnel for the years ended December 31, 2023, 2022 and 2021. SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 2023 2022 2021 Salaries $ 772,793 $ 835,448 $ 827,412 Statutory bonus 52,284 104,956 93,168 Cash performance bonus 576,148 — 346,118 Non-executive director’s fees 125,329 90,000 57,000 Non-cash benefits 4,783 4,587 4,962 Severance benefits — 224,593 — Total $ 1,531,337 $ 1,259,584 $ 1,328,660 Due from affiliates – 4,165,000 3,015,000 4,850,000 4,165,000 6,950,00 4,850,000 9.0 LLI is a wholly owned company of one of the prior executives of the Group and it owns 8.0 644,219 561,372 SCHEDULE OF LOAN RECEIVABLE 2023 2022 Interest receivable: Latam Logistics Investments, LLC $ 2,324,041 $ 1,848,945 Interest receivable $ 2,324,041 $ 1,848,945 Notes receivable: Latam Logistics Investments, LLC 7,139,123 6,950,000 Notes receivable 7,139,123 6,950,000 Total due from affiliates $ 9,463,164 $ 8,798,945 As of December 31, 2023, and 2022, the loan receivable has a fixed interest rate of 9 The loan receivable is collateralized by the affiliate’s equity interests in the Group (refer to Note 25 for additional information). As of December 31, 2023, and 2022, there was no Additional transactions with key management personnel 567,764

FINANCIAL RISK MANAGEMENT

FINANCIAL RISK MANAGEMENT	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
FINANCIAL RISK MANAGEMENT	18. FINANCIAL RISK MANAGEMENT Interest rate risk Liquidity Risk Exposure to Liquidity Risk SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES June 30, 2024 On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses $ 1,224,663 $ 3,104,396 $ 6,215,568 $ — $ — $ 10,544,627 Lease liability 68,837 84,502 255,966 1,157,129 6,567,504 8,133,938 Income tax payable — 481,972 1,278,513 — — 1,760,485 Retainage payable — — 1,558,684 — — 1,558,684 Security deposits 195,000 92,727 48,074 2,164,476 — 2,500,277 Long and short-term debt — 4,491,594 7,773,656 42,772,305 222,363,225 277,400,780 Total $ 1,488,500 $ 8,255,191 $ 17,130,461 $ 46,093,910 $ 228,930,729 $ 301,898,791 December 31, 2023 On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses $ 764,016 $ 4,472,279 $ 7,891,207 — $ — $ 13,127,502 Lease liability 8,530 33,060 238,423 1,199,059 6,703,328 8,182,400 Income tax payable — 2,024,865 — — — 2,024,865 Retainage payable — 155,207 1,582,598 — — 1,737,805 Security deposits — 83,234 287,727 1,790,554 — 2,161,515 Long and short-term debt — 1,624,415 15,078,681 43,032,169 211,609,005 271,344,270 Total $ 772,546 $ 8,393,060 $ 25,078,636 $ 46,021,782 $ 218,312,333 $ 298,578,357 Fair Values –
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
FINANCIAL RISK MANAGEMENT		23. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT FINANCIAL RISK MANAGEMENT a. Capital Management For the purpose of the Group’s capital management, capital includes issued capital, share premium and all other equity reserves attributable to the equity holders of the Group. The Group manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The primary objective of the Group’s capital management is to ensure that it remains within its quantitative banking covenants and maintains a strong credit rating. No changes were made in the objectives, policies or processes during the years ended December 31, 2023 and 2022. As disclosed within Note 16, the Group has various debt facilities in place. In certain cases, the facilities may have financial covenants which are generally in the form of minimum debt service coverage ratios, debt leverage ratios, restricted cash equivalent accounts required for debt service coverage, as well as non-financial covenants which require financial statement presentation to the creditor. Refer to Note 16 for more information on debt covenants and waivers as applicable. The Group may also be subject to legal reserves in the countries in which it operates. Refer to Note 17 for more information. b. Financial Risk Management The Group has exposure to the following risks arising from financial instruments: ● Credit risk ● Liquidity risk ● Market risk a. Risk Management Framework The Group’s risk management policies are established to identify and analyze the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities. The Group, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligation. b. Credit Risk Exposure to Credit Risk SCHEDULE OF FINANCIAL ASSETS Notes 2023 2022 Cash and cash equivalents 8 $ 35,242,363 $ 14,988,112 Receivables from the sale of investment properties 12 9,030,614 — Lease and other receivables 9 10,506,310 9,313,109 Due from affiliates 22 9,463,164 8,798,945 Restricted cash equivalent 8 2,681,110 3,252,897 Total financial assets $ 66,923,561 $ 36,353,063 Cash and restricted cash equivalent are held in reputable financial institutions and carries minimal risk. The credit quality of the tenant is assessed at the time of entering into a lease agreement. The outstanding lease and other receivables figures disclosed in the aforementioned table pertain to the gross amounts of outstanding lease and other receivables, prior to accounting for expected credit losses. Likewise, receivables arising from the sale of investment properties are presented at their undiscounted balances. The outstanding balances are regularly monitored. An impairment analysis is performed at each reporting date on an individual basis for each counterparty. In general, concentration risk in lease and other receivables is limited due to the receivables being dispersed across different counterparties. Refer to Note 9 for details. c. Liquidity Risk Typically, the Group ensures that it has sufficient cash on demand, including deposits at banks and the balances of short-term credit facilities with diverse funding resources and committed borrowing facilities, to meet expected operating expenses for a period of 90 days, including the servicing of financial obligations. This excludes the potential impact of extreme circumstances that cannot be reasonably predicted, such as natural disasters. The Group has access to a sufficient variety of sources of funding to repay debt maturing within 12 months in the normal course of business. Refer to Notes 2 and 16 for more information on a debt covenant matter that arose effective December 31, 2022, as a result of which the Group categorized the related debt balance as repayable on demand. As disclosed in Note 16, the Group resolved this matter and received the waivers for the requirement to comply with the financial covenants for the related debt relating to Banco Davivienda and Bancolombia on February 17, 2023 and September 25, 2023, respectively. In April 2023 the Group refinanced its Banco Davivienda debt, thereby relieving any covenant requirement with that lender. The Bancolombia waiver was effective through December 31, 2023. The Group was in compliance with all the other debt covenants as of December 31, 2023 and 2022. Exposure to Liquidity Risk SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES December 31, 2023 Notes On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses 14 $ 764,016 $ 4,472,279 $ 7,891,207 — $ — $ 13,127,502 Lease liability 15 8,530 33,060 238,423 1,199,059 6,703,328 8,182,400 Income tax payable 20 — 2,024,865 — — — 2,024,865 Retainage payable — 155,207 1,582,598 — — 1,737,805 Security deposits — 83,234 287,727 1,790,554 — 2,161,515 Deposit for the asset held for sale Long and short-term debt 16 — 1,624,415 15,078,681 43,032,169 211,609,005 271,344,270 Total $ 772,546 $ 8,393,060 $ 25,078,636 $ 46,021,782 $ 218,312,333 $ 298,578,357 December 31, 2022 Notes On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses 14 $ 382,317 $ 6,899,250 $ 1,310,355 $ — $ — $ 8,591,922 Lease liability 15 — 15,637 47,085 96,954 — 159,676 Income tax payable 20 — 663,703 — — — 663,703 Retainage payable — 302,066 2,699,367 — — 3,001,433 Security deposits — — — 1,706,959 — 1,706,959 Deposit for the asset held for sale 13 — — 2,400,000 — — 2,400,000 Long and short-term debt 16 87,906,445 5,888,900 17,666,699 29,632,991 74,754,632 215,849,667 Total $ 88,288,762 $ 13,769,556 $ 24,123,506 $ 31,436,904 $ 74,754,632 $ 232,373,360 The Group’s minimum lease payments are disclosed on Note 15. d. Market Risk Currency Risk As of the reporting date, the Group has monetary assets and liabilities in currencies other than the functional currency. The main foreign currencies used by the Group are as follows: ● CRC ● PEN ● COP In respect of monetary assets and liabilities denominated in CRC, PEN and COP, the Group’s policy is to ensure that its net exposure is kept at an acceptable level by buying or selling CRC, PEN and COP at spot rates when necessary to address short-term imbalances. The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the end of the reporting period are as follows: SCHEDULE OF FOREIGN CURRENCY EXCHANGE Monetary assets and liabilities denominated in: CRC PEN Total (in USD) As of December 31, 2023 Monetary assets and liabilities denominated in: CRC PEN Total Cash and cash equivalents $ 6,599 $ 479,057 $ 485,656 Lease and other receivables, net 60,248 135,275 195,523 Other current and non-current assets 3,150,470 3,694,802 6,845,272 Sub-total 3,217,317 4,309,134 7,526,451 Accounts payable and accrued expenses 2,569,080 1,658,228 4,227,308 Sub-total 2,569,080 1,658,228 4,227,308 Net $ 648,237 $ 2,650,906 $ 3,299,143 Monetary assets and liabilities denominated in: CRC PEN Total (in USD) As of December 31, 2022 Monetary assets and liabilities denominated in: CRC PEN Total Cash and cash equivalents $ 15,287 $ 237,240 $ 252,527 Lease and other receivables, net 33,017 104,889 137,906 Other current and non-current assets 1,716,789 2,306,510 4,023,299 Sub-total 1,765,093 2,648,639 4,413,732 Accounts payable and accrued expenses 181,451 179,676 361,127 Sub-total 181,451 179,676 361,127 Net $ 1,583,642 $ 2,468,963 $ 4,052,605 As of December 31, 2023, and 2022, the net assets in foreign operations of the Group whose functional currency is different from the USD and for which the differences in foreign currency were recognized in OCI amounting to $ 88,689,861 49,411,608 Sensitivity Analysis 10 10 10 10 SCHEDULE OF SENSITIVITY ANALYSIS For the year ended December 31, 2023 Strengthening Weakening Profit or Loss $ 329,914 $ (329,914 ) Equity $ 8,868,986 $ (8,868,986 ) For the year ended December 31, 2022 Strengthening Weakening Profit or Loss $ 405,261 $ (405,261 ) Equity $ 4,941,161 $ (4,941,161 ) For the year ended December 31, 2021 Strengthening Weakening Profit or Loss $ 508,411 $ (508,411 ) Equity $ 6,191,813 $ (6,191,813 ) Interest Rate Risk Sensitivity Analysis 1 2 SCHEDULE OF SENSITIVITY ANALYSIS OF LONG-TERM DEBT Long-term Debt 1% 2% Increase in Interest rate $ 207,854,235 $ (2,078,542 ) $ (4,157,085 ) Decrease in Interest rate 207,854,235 2,078,542 4,157,085 Long-term Debt 1% 2% Increase in Interest rate $ 209,326,775 $ (2,093,268 ) $ (4,186,536 ) Decrease in Interest rate 209,326,775 2,093,268 4,186,536 e. Fair Values –

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
COMMITMENTS AND CONTINGENCIES	19. COMMITMENTS AND CONTINGENCIES Commitments As of June 30, 2024, the Company had agreed construction contracts with third parties and is consequently committed to future capital in respect to investment property under development of $ 3,862,785 Legal Proceedings In the ordinary course of business, the Company may be party to legal proceedings. On September 13, 2023, the Company had become aware that a lawsuit was filed against a subsidiary of the Company by a construction company for services rendered prior to the reporting date. The Company had recorded a provision in relation to this matter prior to January 1, 2024. On February 29, 2024, the Company settled with the counterparty for a total settlement amount of $ 237,226 On November 30, 2023, the Company became aware that a lawsuit was filed against them by a former employee of the Company who rendered services for the Company prior to the reporting date. The Company is currently vigorously defending this lawsuit and believes the claims are without merit. The Company is in the process of analyzing this matter but currently does not have a sufficient basis for concluding whether any loss is probable. As of June 30, 2024, the Company is not involved in any other litigation or arbitration proceedings for which the Company believes it is not adequately insured or indemnified, or which, if determined adversely, would have a material adverse effect on the Company’s condensed consolidated interim financial statements.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
COMMITMENTS AND CONTINGENCIES		24. COMMITMENTS AND CONTINGENCIES Commitments In the normal course of operation, the Group secures construction loans in order to fund capital expenditure commitments. Debt guarantees are disclosed in Note 16. The Group does not conduct its operations through entities that are not consolidated in these consolidated financial statements and has not guaranteed or otherwise contractually committed to support any material financial obligations not reflected in these consolidated financial statements. As of December 31, 2023, the Group had agreed construction contracts with third parties and is consequently committed to future capital in respect to investment property under development of $ 8,067,067 The Group does not have any lease contract that has not yet commenced as of December 31, 2023. Refer to the Group’s future minimum rental payments for its non-cancellable lease contracts in Note 15. Legal Proceedings In the ordinary course of business, the Group may be party to legal proceedings. On September 13, 2023, the Group has become aware that a lawsuit was filed against a subsidiary of the Group by a construction company for services rendered prior to the reporting date. On February 29, 2024, subsequent to the fiscal year ended December 31, 2023, the Group has settled with the counterparty for a total settlement amount of $ 244,151 On November 30, 2023, the Group became aware that a lawsuit was filed against them by a former employee of the Group who rendered services for the Group prior to the reporting date. The Group is currently vigorously defending this lawsuit and believes the claims are without merit. The Group is in the process of analyzing this matter but currently does not have a sufficient basis for concluding whether any loss is probable. The group is not currently involved in any other litigation or arbitration proceedings for which the Group believes it is not adequately insured or indemnified, or which, if determined adversely, would have a material adverse effect on the Group’s consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS New directors On July 15, 2024, LPA announced that Françoise Lavertu and Javier Marquina had been appointed as independent directors increasing the Company’s board to a total of seven members and the number of independent directors to six.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SUBSEQUENT EVENTS		25. SUBSEQUENT EVENTS The Group’s management has evaluated the occurrence of the significant events after the reporting date of the financial statements and the following has been considered as significant to disclose: Business Combination As discussed in Note 1, on August 15, 2023, TWOA announced the execution of Business Combination Agreement with LLP and other parties. On March 27, 2024, the Business Combination was consummated. Upon Closing, the Business Combination was accounted for as a capital reorganization in accordance with IFRS. For purposes of the Business Combination, TWOA will be treated as the “acquired” company for financial reporting purposes and for accounting purposes will be treated as an acquisition of assets. Accordingly, the net assets of LLP will be stated at historical cost, with no goodwill or other intangible assets recorded. The deemed costs of the shares issued by LLP represents the fair value of the shares that the Pubco would have had to issue for the ratio of ownership interest in the entity. Since TWOA does not meet the definition of a business in accordance with IFRS 3, Business Combinations, the transaction is accounted for within the scope of IFRS 2, Share-based payment. Any excess of fair value of Pubco shares issued over the fair value of TWOA’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and is expensed as incurred. Loan receivable from affiliates – The loan receivable from affiliates (refer to Note 22) were in default as of January 2, 2024. The Group subsequently provided notice of the default to the affiliate and began foreclosure proceedings on the collateral, the affiliate’s equity interest in LLP. On March 12, 2024, LLI entered into an assignment agreement with LLP, pursuant to which LLI unconditionally and irrevocably assigned in favor of LLP the right to receive 2,288,000

APPROVAL OF THE CONDENSED CONSO

APPROVAL OF THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
APPROVAL OF THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS	21. APPROVAL OF THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS The condensed consolidated interim financial statements were authorized for issue by the Company’s board of directors on August 14, 2024.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
APPROVAL OF THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS		26. APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS APPROVAL OF THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS The consolidated financial statements were authorized for issue by the Group’s management on April 26, 2024. Financial Statement Schedules

NEW AND AMENDED IFRS ACCOUNTING

NEW AND AMENDED IFRS ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
NEW AND AMENDED IFRS ACCOUNTING STANDARDS	3. NEW AND AMENDED IFRS ACCOUNTING STANDARDS a) New and amended IFRS Accounting Standards That are Effective for the Current Year The accounting policies adopted and methods of computation followed are consistent with those of the previous financial year, except for items disclosed below. There are several new amendments to standards and interpretations which are applicable for the first time in the current year, but many are either not relevant or do not have an impact on the consolidated financial statements of the Group. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective, except for the ones specifically disclosed, as outlined below. ● Amendments to IFRS 3 Reference to the Conceptual Framework ● Amendments to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use Inventories The amendments also clarify the meaning of “testing whether an asset is functioning properly”. IAS 16 now specifies this as assessing whether the technical and physical performance of the asset is such that it is capable of being used in the production or supply of goods or services, for rental to others, or for administrative purposes. If not presented separately in the statement of comprehensive income, the financial statements shall disclose the amounts of proceeds and cost included in profit or loss that relate to items produced that are not an output of the entity’s ordinary activities, and which line item(s) in the statement of comprehensive income include(s) such proceeds and cost. The adoption of the amendments has no material impact to the Group. ● Amendments to IAS 37 Onerous Contracts - Cost of Fulfilling a Contract ● Amendments to IAS 12 Income Taxes ● Amendments to IAS 1 - Presentation of Financial Statements - Classification of Liabilities as Current or Non-Current (“2020 Amendment”) ● Amendments to IAS 1 - Presentation of Financial Statements - Non-Current Liabilities with Covenants (“2022 Amendment”) The IASB also specifies that the right to defer settlement of a liability for at least twelve months after the reporting date is not affected if an entity only has to comply with a covenant after the reporting period. However, if the entity’s right to defer settlement of a liability is subject to the entity complying with covenants within twelve months after the reporting period, an entity discloses information that enables users of financial statements to understand the risk of the liabilities becoming repayable within twelve months after the reporting period. This would include information about the covenants (including the nature of the covenants and when the entity is required to comply with them), the carrying amount of related liabilities and facts and circumstances, if any, that indicate that the entity may have difficulties complying with the covenants. The Group early adopted the amendment as of January 1, 2023. Note 16 contains the detail disclosures related to the Group’s compliance with debt covenants. ● Amendments to IAS 1 - Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements - ● Amendments to IAS 8 - Accounting Policies Changes in Accounting Estimates and Errors - ● Amendments to IAS 12 Income Taxes - Deferred Tax related to Assets and Liabilities arising from a Single Transaction - b) New and amended IFRS Accounting Standards issued but not yet Effective ● Amendments to IAS 21 – Lack of exchangeability ● Amendments to IFRS 10 ● The effective date of the amendments has yet to be set by the IASB; however, earlier application of the amendments is permitted. The directors of the Group anticipate that the application of these amendments may have an impact on the Group’s consolidated financial statements in future periods should such transactions arise.

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	8. CASH, CASH EQUIVALENTS AND RESTRICTED CASH Cash equivalents are considered by the Group to be highly liquid investments such as short-term deposits with banks, the maturity of which do not exceed three months at the time of deposit and which are not restricted. Such deposits bear interest at a negligible interest rate and the book value of these assets approximates their fair value. Available cash are held in bank accounts and overnight deposits. The Group’s cash are predominantly denominated in USD and, in part, in COP, PEN and CRC. Cash and cash equivalents were as follows as of December 31, 2023, and 2022: SCHEDULE OF CASH AND CASH EQUIVALENTS (in USD) 2023 2022 Bank accounts: In COP $ 1,445,179 $ 1,117,352 In CRC 6,599 15,287 In PEN 479,057 237,240 In USD 33,311,528 13,618,233 Total $ 35,242,363 $ 14,988,112 As of December 31, 2023 and 2022, cash disclosed in the consolidated statements of financial position and in the consolidated statements of cash flows included $ 2,993,045 2,465,008 In addition, the Group had short-term and long-term restricted cash equivalent related to additional guarantees for the Group’s debt and corporate credit cards. As disclosed in Note 16, certain debt agreements require the Group to maintain cash in a restricted bank account in order to comply with conditions over minimum debt service coverage. The funds can only be used for debt service repayments for the associated debt agreement. Certificates of Deposit have maturities ranging from 3 to 12 months and renew until the outstanding balance for the associated debt agreement is liquidated. As of December 31, 2023, and 2022, the Group’s total restricted cash equivalents amounted to $ 2,681,110 2,000,000 3,252,897 Non-cash transactions Changes in assets and liabilities arising from investing and financing activities not requiring cash relate to an increase in accrued payables for investment properties of $ 2,078,508 1,247,256 2,891,858 2,623,092 376,325 0 7,577,092 8,299,867 ITAÚ 2,162

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
PROPERTY AND EQUIPMENT, NET	11. PROPERTY AND EQUIPMENT, NET Property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. As of December 31, 2023, and 2022, the Group’s property and equipment, net were as follows: SCHEDULE OF PROPERTY AND EQUIPMENT, NET Vehicles Furniture and Office Equipment Computer Equipment Leasehold Improvements Total Gross assets: Balance as of January 1, 2022 $ 16,022 $ 354,437 $ 192,418 $ 375,878 $ 938,755 Additions 4,103 20,734 38,122 25,528 88,487 Retirements — (4,174 ) (1,366 ) (152,390 ) (157,930 ) Foreign currency translation effect — (10,030 ) (3,286 ) 6,909 (6,407 ) Balance as of December 31, 2022 $ 20,125 $ 360,967 $ 225,888 $ 255,925 $ 862,905 Additions 18,235 27,704 6,478 74,059 126,476 Retirements (1,000 ) (36,296 ) (251 ) (182,033 ) (219,580 ) Foreign currency translation effect — 12,383 5,912 1,864 20,159 Balance as of December 31, 2023 $ 37,360 $ 364,758 $ 238,027 $ 149,815 $ 789,960 Accumulated depreciation: Balance as of January 1, 2022 $ 6,370 $ 128,216 $ 87,206 $ 214,219 $ 436,011 Additions 2,458 50,955 31,454 39,420 124,287 Retirements — (2,217 ) (524 ) (123,475 ) (126,216 ) Foreign currency translation effect — (4,255 ) (1,861 ) 7,220 1,104 Balance as of December 31, 2022 $ 8,828 $ 172,699 $ 116,275 $ 137,384 $ 435,186 Balance as of December 31 $ 8,828 $ 172,699 $ 116,275 $ 137,384 $ 435,186 Additions 3,689 49,188 34,866 19,486 107,229 Retirements (100 ) (20,856 ) (11 ) (95,904 ) (116,871 ) Foreign currency translation effect — 6,205 3,152 622 9,979 Balance as of December 31, 2023 $ 12,417 $ 207,236 $ 154,282 $ 61,588 $ 435,523 Balance as of December 31 $ 12,417 $ 207,236 $ 154,282 $ 61,588 $ 435,523 Net book value as of December 31, 2022 $ 11,297 $ 188,268 $ 109,613 $ 118,541 $ 427,719 Net book value as of December 31, 2023 $ 24,943 $ 157,522 $ 83,745 $ 88,227 $ 354,437 The Group recorded losses of $ 83,389 30,269 925 Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $ 107,229 124,287 139,896

ASSET HELD FOR SALE

ASSET HELD FOR SALE	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
ASSET HELD FOR SALE	13. ASSET HELD FOR SALE During the year ended December 31, 2021, the Group engaged in an active sale negotiation for the sale of certain land lot with a third-party buyer. The land lot held for sale is part of a land lot that is owned by LatAm Parque Logistico San José - Verbena partnership, within the Costa Rica segment. On May 21, 2021, the Group signed on behalf of LatAm Parque Logistico San José - Verbena partnership, the purchase and sale agreement for the sale of the fully serviced land parcel for $ 4,000,000 SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000 On May 24, 2021, the Group, through LatAm Parque Logistico San José - Verbena partnership, received the first installment payment of $ 1,200,000 1,200,000 1,600,000 The Group recognized a gain on sale of asset held for sale of $ 1,022,853 2,977,147

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	14. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses as of December 31, 2023 and 2022 were as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2023 2022 Trade payables $ 6,276,451 $ 1,875,979 Accrued interest 752,874 2,650,535 Accrued development cost 1,308,567 2,411,190 Accrued employee benefits and related obligations 976,268 307,673 Accrued professional service fees 3,007,558 268,939 Other accrued expenses 805,784 1,077,606 Total $ 13,127,502 $ 8,591,922 Trade payables are non-interest bearing and are normally settled on 30-day terms.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
LEASES	15. LEASES Group as a lessor The Group enters into leases on its property portfolio. Refer to Note 2 for further information. Group as a lessee Offices Right-of-Use (ROU) Asset and Liability - 2.2 3.3 The Group does not include renewal options in the lease term for calculating the lease liability unless the Group is reasonably certain that will exercise the option, or the lessor has the sole ability to exercise the option. As of December 31, 2023, and 2022, the Group carried short-term office lease liability amounting to $ 65,886 54,327 135,612 88,553 The weighted average discount rate was 7.1 7.1 7.3 11,667 13,400 15,292 The Group had total cash outflows for leases of $ 50,112 163,072 99,380 115,100 148,326 0 The Group did not have short-term lease expenses or leases of low value assets during the years ended December 31, 2023, 2022 and 2021. Offices ROU assets are amortized using the straight-line method over the term of the operating lease. Original lease terms and remaining lease terms of the corporate offices operating leases were as follows: SCHEDULE OF ORIGINAL LEASE TERMS AND REMAINING LEASE TERMS Office Location Original Remaining Term as of December 31, 2023 (in years) (in years) Costa Rica 2.9 2.2 Colombia 3.8 2.1 Weighted average 3.3 2.2 As of December 31, 2023 and 2022, the Group’s office right-of-use assets, included in other non-current assets, were as follows: SCHEDULE OF RIGHT-OF-USE ASSETS, INCLUDED IN OTHER NON-CURRENT ASSETS Total Gross assets: Balance as of January 1, 2022 $ 452,460 Additions 148,326 Retirements (112,740 ) Foreign currency translation effect (30,321 ) Balance as of December 31, 2022 $ 457,725 Additions 115,100 Retirements (339,721 ) Foreign currency translation effect 30,509 Balance as of December 31, 2023 $ 263,613 Accumulated depreciation: Balance as of January 1, 2022 $ 317,337 Additions to accumulated depreciation 104,198 Retirements (111,688 ) Foreign currency translation effect 17,476 Balance as of December 31, 2022 $ 327,323 Balance as of December 31 $ 327,323 Additions to accumulated depreciation 60,666 Additions 60,666 Retirements (311,951 ) Foreign currency translation effect 8,115 Balance as of December 31, 2023 $ 84,153 Balance as of December 31 $ 84,153 Net book value as of December 31, 2022 $ 130,402 Net book value as of December 31, 2023 $ 179,460 During the years ended December 31, 2023, 2022 and 2021, the Group recorded ROU amortization expense related to office space of $ 60,666 104,198 96,662 Investment Property ROU Asset and Liability Investment Property Under IAS 40, the Group applies the fair value model to the investment property ROU assets, which need to be remeasured at fair value at each period end. As a result, there is no amortization expense associated with the Land Lease. The Group’s investment property ROU asset was $ 12,260,000 227,999 The associated land lease liability was recorded at the present value of the remaining lease payment using a discount rate of 8.5 237,916 0 0 172,963 2,800,943 7,875 2,728,115 The Group also had no cash outflows for the land leases for the years ended December 31, 2023, 2022 and 2021. The Group also had non-cash additions to land lease ROU assets amounting to $ 2,507,992 227,999 0 Lease commitment for office and land leases - SCHEDULE OF LEASE COMMITMENT FUTURE MINIMUM RENTAL PAYMENTS As of December 31, 2023 2024 $ 271,483 2025 346,403 2026 315,639 2027 268,064 2028 268,953 Thereafter 6,711,858 Total undiscounted rental payments $ 8,182,400 Less: imputed interest (5,006,996 ) Total lease liability $ 3,175,404

NON_CONTROLLING INTERESTS

NON—CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
NON—CONTROLLING INTERESTS	18. NON—CONTROLLING INTERESTS In September 2018, the Group entered in a real estate partnership for the development of Latam Parque Logistico Coyol II in Costa Rica. The partnership includes two entities that the Group consolidates but does not own 100 In December 2020, the Group entered in a real estate partnership for the development of Latam Parque Logistico San Jose in Costa Rica. The partnership includes three entities that the Group consolidates but does not own 100 In March 2021, the Group entered into a real estate partnership with Capia Sociedad Administradora de Fondos de Inversion, S.A., through its investment fund Capia Radix Fondo de Inversion (Capia Radix) (together as “CAPIA”), an investment fund managed by CAPIA for the development of Parque Logístico Callao located in the submarket of Callao in Lima, Peru within the Jorge Chavez International Lima Airport land concession. Parque Logístico Callao will be developed in four phases of a building per phase. The partnership includes one entity that the Group consolidates but does not own 100 According to the initial terms of the partnership agreement, the Group participation in the partnership entity will be of 50% during the construction of the first two phases with a dilution in the construction of the remaining two phases for a total participation of 33% at the end of the fourth phase. 60 40 On September 17, 2021, the Group entered into a real estate partnership for the acquisition of LatAm Lagunilla Industrial Park in Costa Rica. The partnership includes two entities that the Group consolidates but do not own 100 486,863 The following table summarizes the Group ownerships percentage and NCI as of December 31, 2023 and 2022. Each NCI partnership in the following table corresponds to multiple entities in Note 2 (e). SCHEDULE OF GROUP OWNERSHIPS PERCENTAGE AND NON CONTROLLING INTERESTS Ownership Percentage NCI Entity Country December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Latam Parque Logistico Coyol II Costa Rica 50.0% 50.0% $ 4,818,254 $ 8,885,098 Latam Parque Logistico San José — Verbena Costa Rica 23.6% 23.6% 27,971,004 23,567,619 Parque Logístico Callao Peru 40.0% 50.0% 5,827,257 799,748 Total $ 38,616,515 $ 33,252,465 During the years ended December 31, 2023 and 2022, the partnership entities paid distribution to the NCI partners as follows: SCHEDULE OF PARTNERSHIP ENTITIES PAID DISTRIBUTION TO NON-CONTROLLING INVESTEE PARTNERS 2023 2022 2021 Latam Parque Logístico Coyol II $ 3,675,054 $ 350,000 $ 250,000 Latam Parque Logístico San José —Verbena 847,882 754,231 774,747 Latam Lagunilla Industrial Park — 963,572 — Total distributions paid to non—controlling partners $ 4,522,936 $ 2,067,803 $ 1,024,747 Summarized financial information of non-controlling partnership entities’ total assets and total liabilities as of December 31, 2023 and 2022 was as follows: SCHEDULE OF NON-CONTROLLING PARTNERSHIP ENTITIES TOTAL ASSETS AND TOTAL LIABILITIES Latam Parque Logistico Coyol II Latam Parque Logístico Parque Logistico Callao As of December 31, 2023 Latam Parque Logistico Coyol II Latam Parque Logístico San José —Verbena Parque Logistico Callao ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,301,121 1,666,657 25,267 Lease and other receivables, net 34,021 7,326,802 2,023,086 Other current assets 37,932 843,894 274,592 Prepaid construction NON-CURRENT ASSETS: Investment properties 29,708,000 80,878,055 12,879,976 Asset held for sale Property and equipment, net — 25,613 4,108 Deferred tax asset — — 688,485 Restricted cash equivalent 480,000 — — Other non-current assets Total assets $ 31,561,074 90,741,021 15,895,514 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 229,988 3,027,672 3,148,102 Deposits for the sale of assets Due to affiliates — 15,269 — Other current liabilities — — 325,811 NON-CURRENT LIABILITIES: Long—term debt 18,285,023 44,926,842 — Security deposits 195,000 336,145 51,394 Other non-current liabilities — — 2,800,943 Deferred tax liability 3,214,523 5,863,957 — Total liabilities $ 21,924,534 54,169,885 6,326,250 EQUITY: Equity attributable to owners of the Group $ 4,818,286 8,600,132 3,742,007 Non—controlling interests $ 4,818,254 27,971,004 5,827,257 Latam Parque Logistico Coyol II Latam Parque Logístico Parque Logistico Callao December 31, 2022 Latam Parque Logistico Coyol II Latam Parque Logístico San José —Verbena Parque Logistico Callao ASSETS CURRENT ASSETS: Cash and cash equivalents $ 896,623 $ 484,230 $ 1,084,155 Lease and other receivables, net 15,587 6,406,948 87,168 Other current assets 17,695 16,126 — Prepaid construction — 1,020,664 86,693 NON-CURRENT ASSETS: Investment properties 30,613,000 63,278,220 386,525 Asset held for sale — 2,996,471 — Property and equipment, net — 3,795 — Deferred tax asset — — 34,639 Restricted cash equivalent 339,900 — — Other non-current assets — 587,064 — Total assets $ 31,882,805 $ 74,793,518 $ 1,679,180 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 315,637 $ 1,874,696 $ 28,290 Deposits for the sale of assets — 2,400,000 — NON-CURRENT LIABILITIES: Long—term debt 9,780,656 34,947,249 — Security deposits 195,000 196,755 51,394 Deferred tax liability 3,821,316 4,511,336 — Total liabilities $ 14,112,609 $ 43,930,036 $ 79,684 EQUITY: Equity attributable to owners of the Group 8,885,098 $ 7,295,863 $ 799,748 Non—controlling interests 8,885,098 $ 23,567,619 $ 799,748 For the years ended December 31, 2023, 2022 and 2021, net earnings attributable to NCI were as follows: SCHEDULE OF NET EARNINGS ATTRIBUTABLE TO NON-CONTROLLING PARTNERSHIP 2023 2022 2021 Net earnings (loss) attributable to non-controlling interests Latam Parque Logistico Coyol II $ (215,926 ) $ 1,358,675 $ 130,433 Latam Parque Logistico San Jose - Verbena 4,682,615 2,177,996 4,323,820 Latam Lagunilla Industrial Park — (111,583 ) 111,583 Parque Logístico Callao (450,017 ) (12,465 ) (22,956 ) Total $ 4,016,672 $ 3,412,623 $ 4,542,880 Net earnings (loss) attributable to non-controlling interests $ 4,016,672 $ 3,412,623 $ 4,542,880

Schedule I - Parent Company Onl

Schedule I - Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Schedule I - Parent Company Only Condensed Financial Information	Schedule I - Parent Company Only Condensed Financial Information The condensed financial statements of Latam Logistic Properties, S.A., the parent company of the Group (the “Parent Company”), have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of the subsidiaries of LLP exceed 25% of the consolidated net assets of the Group. The ability of the Parent Company’s operating subsidiaries to pay dividends may be restricted due to certain clauses in the subsidiaries’ debt agreements and legal reserve requirements. The condensed financial statements of the Parent Company have been prepared using the same IFRS accounting principles and policies described in the other notes to the consolidated financial statements. The Parent Company accounts for its investment in subsidiaries using the cost less accumulated impairments method. The Parent Company received a dividend from its subsidiaries during the year ended December 31, 2023. The Parent Company did not receive any dividends from its subsidiaries during the years ended December 31, 2022 and 2021. These condensed financial statements should be read in conjunction with the Group’s consolidated financial statements and related notes thereto. LATAM LOGISTIC PROPERTIES, S.A. (Parent Company Only) CONDENSED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE Income (Loss) (in U.S. Dollars) 2023 2022 2021 For the years ended December 31, 2023 2022 2021 Dividend income $ 18,210,046 $ — $ — General and administrative (2,878,896 ) (498,457 ) (429,990 ) Interest income from affiliates 694,628 632,490 626,047 Financing costs (718,844 ) (1,226,265 ) (584,487 ) Transaction-related costs (6,128,965 ) — — Other income (expense), net 61,530 (4,875 ) (1,187,272 ) Income (loss) before taxes 9,239,499 (1,097,107 ) (1,575,702 ) Income tax expense (2,745,090 ) — — Comprehensive income (loss) $ 6,494,409 $ (1,097,107 ) $ (1,575,702 ) LATAM LOGISTIC PROPERTIES, S.A. (Parent Company Only) CONDENSED STATEMENTS OF FINANCIAL POSITION (in U.S. Dollars) 2023 2022 As of December 31, 2023 2022 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 788,008 $ 2,823,003 Due from subsidiaries and affiliated companies 9,463,164 9,055,658 Other current assets 11,454 23,315 Total current assets 10,262,626 11,901,976 NON-CURRENT ASSETS: Investments in subsidiaries 168,496,857 166,927,780 Restricted cash equivalent — 1,205,162 Property and equipment, net 46,767 64,394 Total non-current assets 168,543,624 168,197,336 TOTAL ASSETS $ 178,806,250 $ 180,099,312 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 5,086,924 $ 336,055 Due to subsidiaries and affiliated companies 2,459,935 — Long term debt - current portion — 14,998,275 Total current liabilities 7,546,859 15,334,330 TOTAL LIABILITIES 7,546,859 15,334,330 EQUITY: Total equity 171,259,391 164,764,982 TOTAL LIABILITIES AND EQUITY $ 178,806,250 $ 180,099,312 LATAM LOGISTIC PROPERTIES, S.A. (Parent Company Only) CONDENSED STATEMENTS OF CASH FLOWS (in U.S. Dollars) 2023 2022 2021 For the years ended December 31, 2023 2022 2021 Cash flows from operating activities: Profit (loss) for the year $ 6,494,409 $ (1,097,107 ) $ (1,575,702 ) Adjustments: Depreciation and amortization 17,627 12,607 11,133 Financing costs 718,844 1,226,265 584,487 Interest income from subsidiaries and affiliated companies 694,628 632,490 626,047 Income tax expense 2,745,090 — — Working capital adjustments: Decrease in other current assets: 11,860 21,149 481,608 Increase (decrease) in accounts payable and accrued expenses 4,812,824 (118,149 ) 392,249 Increase in due to subsidiaries and affiliated companies 104,935 — — Income tax paid (2,745,090 ) — — Net cash generated by operating activities $ 12,855,127 $ 677,255 $ 519,822 Cash flows from investing activities: Increase in equity investment in subsidiaries $ (1,569,077 ) $ (2,822,487 ) $ (11,735,281 ) Purchases of property and equipment — (25,100 ) (63,034 ) Increase in loans to subsidiaries and affiliated companies (1,102,134 ) (800,973 ) (4,228,344 ) Restricted cash equivalent 1,205,162 594,838 3,884,868 Net cash used in investing activities $ (1,466,049 ) $ (3,053,722 ) $ (12,141,791 ) Cash flows from financing activities: Long-term debt borrowing — — 15,000,000 Repayment of long-term debt (14,998,275 ) — — Increase in loans from subsidiaries and affiliated companies 2,355,000 — — Cash paid for raising debt — (5,175 ) (196,785 ) Interest paid (780,798 ) (1,102,499 ) (446,063 ) Net cash (used) provided by financing activities $ (13,424,073 ) $ (1,107,674 ) $ 14,357,152 Net decrease in cash and cash equivalents (2,034,995 ) (3,484,141 ) 2,735,183 Cash and cash equivalents at the beginning of year 2,823,003 6,307,144 3,571,961 Cash and cash equivalents at the end of year $ 788,008 $ 2,823,003 $ 6,307,144 * * * * *

Schedule III - Schedule of Real

Schedule III - Schedule of Real Estate	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Schedule III - Schedule of Real Estate	Schedule III - Schedule of Real Estate The following is a summary of the Group’s investment properties as of December 31, 2023 prepared in accordance with Rule 12-28 of Regulation S-X: LATAM LOGISTIC PROPERTIES, S.A. SCHEDULE III - SCHEDULE OF REAL ESTATE AS OF DECEMBER 31, 2023 (in U.S. Dollars) Description Number of buildings Encumbrances (a) Land (b) Building & Improvements (c) Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total (d) Fair Value Adjustments (e) Cumulative Foreign Currency Translation Effect Fair Value at the End of the Year (f) Date of Construction/ Acquisition (g) Land Bank Peru Latam Parque Logistico Callao 3 — — 619,976 — — 619,976 619,976 — — 619,976 N/A Colombia Latam Logistic Park Calle 80 4 4,317,135 14,114,108 11,806,349 — 14,114,108 11,806,349 25,920,457 4,976,620 (6,796,631 ) 24,100,446 N/A Total of Land Bank 7 4,317,135 14,114,108 12,426,325 — 14,114,108 12,426,325 26,540,433 4,976,620 (6,796,631 ) 24,720,422 N/A Properties Under Development Peru Latam Logistic Park Lima Sur 2 11,580,125 6,653,190 9,073,731 — 6,653,190 9,073,731 15,726,921 6,503,860 — 22,230,781 N/A Latam Parque Logistico Callao 1 — 2,802,475 (d) 10,764,104 — 2,802,475 10,764,104 13,566,579 (1,306,579 ) — 12,260,000 N/A Costa Rica Latam Logistic Park San José – Verbena 1 6,474,777 2,643,646 6,425,029 — 2,643,646 6,425,029 9,068,675 1,822,325 — 10,891,000 N/A Total of Properties Under Development 4 18,054,902 12,099,311 26,262,864 — 12,099,311 26,262,864 38,362,175 7,019,606 — 45,381,781 N/A Operating Properties Colombia Latam Logistic Park Calle 80 5 44,049,009 11,555,745 70,356,507 64,414 11,555,745 70,420,921 81,976,666 30,736,797 (5,756,463 ) 106,957,000 2019 2023 Peru Latam Logistic Park Lima Sur 5 48,419,875 19,249,353 45,431,126 469,879 19,249,353 45,901,005 65,150,358 27,089,499 — 92,239,857 2019 2022 Costa Rica — Latam Logistic Park Coyol 1 5 59,809,375 19,500,336 42,764,576 941,658 19,500,336 43,706,234 63,206,570 25,943,795 — 89,150,365 2016 2020 Latam Logistic Park Coyol 2 1 18,285,023 7,292,476 12,332,799 169,446 7,292,476 12,502,245 19,794,721 9,913,279 — 29,708,000 2019 Latam Bodegas Atenas 1 2,612,593 1,658,000 1,942,000 — 1,658,000 1,942,000 3,600,000 1,038,000 — 4,638,000 2019 Latam Bodegas San Joaquin 2 5,495,094 2,621,468 2,778,532 2,171,917 2,621,468 4,950,449 7,571,917 2,314,083 — 9,886,000 2019 Latam Bodegas Aurora 2 5,917,796 3,399,610 2,401,986 492,177 3,399,610 2,894,163 6,293,773 420,227 — 6,714,000 2019 San Rafael Industrial Park 1 7,974,306 5,777,658 5,222,342 — 5,777,658 5,222,342 11,000,000 2,665,000 — 13,665,000 2019 Latam Logistic Park Coyol 3 1 7,056,519 1,354,320 6,169,680 — 1,354,320 6,169,680 7,524,000 2,284,801 — 9,808,801 2020 Latam Logistic Park Coyol 4 1 6,918,421 2,849,259 7,547,831 482,641 2,849,259 8,030,472 10,879,731 436,269 — 11,316,000 2021 Latam Logistic Park San José – Verbena 4 40,434,222 15,612,670 35,080,999 69,233 15,612,670 35,150,232 50,762,902 19,224,153 — 69,987,055 2022 2023 Total of Operating Properties 28 246,972,233 90,870,895 232,028,378 4,861,365 90,870,895 236,889,743 327,760,638 122,065,903 (5,756,463 ) 444,070,078 GRAND TOTAL 39 $ 269,344,270 $ 117,084,314 $ 270,717,567 $ 4,861,365 $ 117,084,314 $ 275,578,932 $ 392,663,246 $ 134,062,129 $ (12,553,094 ) $ 514,172,281 (a) Encumbrances include mortgage loans for constructions and other financing arrangements guaranteed by the respective properties. (b) Land information includes land that are owned and land under right—of—use, which are separately labeled with in our real estate portfolio. (c) Amounts presented in building and improvements include building improvements costs, and acquisition costs, land improvements costs incurred on land banks. (d) This property under development at Latam Logistic Callao is leased under right—of—use contract rather than owned by the Group. (e) The Group uses an external appraiser in order to determine the fair value for all of its investment properties. The independent appraiser holds a recognized and relevant professional qualification and has recent experience of the location and category of the investment property being valued. The valuation model is in accordance with the guidance recommended by the International Valuation Standards Committee. These valuation models are consistent with the principles in IFRS 13. (f) See Note 12 of our audited consolidated financial statements as of December 31, 2023, for the reconciliation of investment properties for the year ended December 31, 2023. (g) Date of construction or acquisition represents the date we stabilized the building or acquired the building through acquisition. The following table reconciles encumbrances per Schedule III to the Condensed Consolidated Statement of Financial Position at December 31, 2023: Total encumbrances per Schedule III $ 269,344,270 Debt not guaranteed by Investment Properties 2,000,000 Long term debt accrued financing costs 752,874 Debt issuance costs, net (2,242,911 ) Total per Consolidated Statement of Financial Position $ 269,854,233 (b) Land information includes land that are owned and land under right—of—use, which are separately labeled with in our real estate portfolio. (c) Amounts presented in building and improvements include building improvements costs, and acquisition costs, land improvements costs incurred on land banks. (d) This property under development at Latam Logistic Callao is leased under right—of—use contract rather than owned by the Group. (e) The Group uses an external appraiser in order to determine the fair value for all of its investment properties. The independent appraiser holds a recognized and relevant professional qualification and has recent experience of the location and category of the investment property being valued. The valuation model is in accordance with the guidance recommended by the International Valuation Standards Committee. These valuation models are consistent with the principles in IFRS 13. (f) See Note 12 of our audited consolidated financial statements as of December 31, 2023, for the reconciliation of investment properties for the year ended December 31, 2023. (g) Date of construction or acquisition represents the date we stabilized the building or acquired the building through acquisition.

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Basis of Accounting	a. Basis of Accounting The condensed consolidated interim financial statements have been prepared on the historical cost basis except certain investment properties that are measured at fair value as of end of each reporting period, as explained in the accounting policies included in LLP’s most recent audited consolidated financial statements and notes. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. These condensed consolidated interim financial statements follow the same significant accounting policies as those included in LLP’s most recent audited consolidated financial statements. Management believes that all adjustments that are required for a proper presentation of the financial information are incorporated in these condensed consolidated interim financial statements.
Going Concern	b. Going Concern As described further in Note 11, the Company obtained a waiver relating to compliance with the debt service coverage ratio as required by its loan covenants with Bancolombia, S.A. (“Bancolombia”) for the assessment on June 30, 2024 and December 31, 2024. The next testing period for the covenants will occur on June 30, 2025. The outstanding Bancolombia loan balance as of June 30, 2024 was $ 38.0 1.6 The Company’s lending agreements with Bancolombia are only collateralized by four Colombian investment properties, which were valued at $ 88.8 90.3 4.4 20.3
Share-based Payment	c. Share-based Payment Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect of non-market-based vesting conditions. The fair value determined at the grant date of the equity-settled share-based payments is expensed ratably over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period) with a corresponding increase in equity. The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of the number of equity instruments that will eventually vest. For awards with graded vesting, the fair value determined at the grant date is expensed on a tranche-by-tranche basis using the accelerated attribution method. At each reporting date, the Company revises its estimate of the number of equity instruments expected to vest pursuant to service and non-market-based vesting conditions. The impact of the revision of the original estimates, if any, is recognized in the condensed consolidated interim statement of profit or loss and other comprehensive income (loss) such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to additional paid-in capital. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards. Market conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting conditions, which are reflected in the fair value of an award. Equity-settled share-based payment transactions with parties other than employees are measured at the fair value of the goods or services received, except where that fair value cannot be estimated reliably, in which case they are measured at the fair value of the equity instruments granted, measured at the date the entity obtains the goods or the counterparty renders the service.
Foreign Currency	d. Foreign Currency ● Functional and Presentation Currency - SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2024 2023 Costa Rican Colones (“CRC”) CRC 530 CRC 549 Peruvian Soles (“PEN”) PEN 3.84 PEN 3.64 Colombian Pesos (“COP”) COP 4,148 COP 4,191 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the three months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 516 CRC 544 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.71 Colombian Pesos (“COP”) COP 3,926 COP 4,415 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the six months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 517 CRC 556 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.76 Colombian Pesos (“COP”) COP 3,920 COP 4,587 ● Foreign Currency Transactions - Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognized in profit or loss. Foreign Operations - Foreign currency differences are recognized in other comprehensive income (OCI) and accumulated in a separate line item in the Company’s consolidated statements of changes in equity under “Foreign currency translation reserve”, except to the extent that the translation difference is allocated to non-controlling interests (NCI). When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the foreign currency translation reserve account related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Company disposes of part of its interest in a subsidiary but retains control, then, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Company disposes only part of an associate while retaining significant influence, the relevant proportion of the cumulative amount is reclassified to profit or loss.
Basis of Consolidation	e. Basis of Consolidation - ● Has the power over the investee; ● Is exposed, or has rights, to variable returns from its involvement with the investee; and ● Has the ability to use its power to affects its returns. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Company has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the contractual rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including: ● The size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● Exposure, or rights, to variable returns from its involvement with the investee ● Any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made including the ability to use its power over the investee to affect the amount of the investor’s returns Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control. Specifically, the results of subsidiaries acquired or disposed of during the year are included in profit or loss from the date the Company gains control until the date when the Company ceases to control the subsidiary. Profit or loss and each component of other comprehensive loss are attributed to owners of the Company and to the non-controlling interests. Total comprehensive income of the subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Company’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Company are eliminated upon consolidation. Non-controlling interests in subsidiaries are identified separately from the Company’s equity therein. Those interests of non-controlling shareholders that are present ownership interests entitling their holders to a proportionate share of net assets upon liquidation may initially be measured at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement is made on an acquisition-by-acquisition basis. Other non-controlling interests are initially measured at fair value. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance. Changes in the Company’s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Company’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Company. When the Company loses control of a subsidiary, the gain or loss on disposal recognized in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value, as of the date control is lost, of any retained interest in the subsidiary and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive loss in relation to that subsidiary are accounted for as if the Company had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 Financial Instruments when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. The condensed consolidated financial statements include the financial information of Logistic Properties of the Americas (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interests Entities Country June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Latam Logistic Properties S.A. Panamá 100% N/A two Cayman Islands 100% N/A Latam Logistic Property Holdings, LLC United States 100% 100% LPA Corporate Services Inc. United States 100% N/A Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Logistic Property Asset Management, S de R.L. (3) Panamá 100% 100% Latam Logistic Pan Holdco Verbena Fase II, S de R.L. (4) Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 40% 60% 60% Latam Logistic COL OpCo, S.A. (5) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic Pan Holdco Santiago I, S de R.L. (4) Formerly known as Latam Logistic Pan Holdco Santo Domingo, S de R.L. (5) Formerly known as Latam Logistic COL OpCo, S.A.S.
New and amended IFRS accounting standards that are effective for the current year	f. New and amended IFRS accounting standards that are effective for the current year The condensed consolidated interim financial statements and notes are based on accounting policies consistent with those described in Note 2 to the LLP’s most recent audited consolidated financial statements and notes. All the new and amended IFRS accounting standards effective as of June 30, 2024 that are relevant to the Company have already been early adopted before January 1, 2024. See details below: Amendments to IAS 1 Amendments to IAS 1 The IASB also specifies that the right to defer settlement of a liability for at least twelve months after the reporting date is not affected if an entity only has to comply with a covenant after the reporting period. However, if the entity’s right to defer settlement of a liability is subject to the entity complying with covenants within twelve months after the reporting period, an entity discloses information that enables users of financial statements to understand the risk of the liabilities becoming repayable within twelve months after the reporting period. This would include information about the covenants (including the nature of the covenants and when the entity is required to comply with them), the carrying amount of related liabilities and facts and circumstances, if any, that indicate that the entity may have difficulties complying with the covenants. The amendment is effective for annual reporting periods beginning on or after January 1, 2024. The Company early adopted the amendment as of January 1, 2023.
New and amended IFRS Accounting Standards issued but not yet effective	g. New and amended IFRS Accounting Standards issued but not yet effective At the date of authorization of these financial statements, the Company has not applied the following new IFRS Accounting Standards that have been issued but are not yet effective: IFRS 18 Presentation and Disclosure in Financial Statements
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Basis of Accounting		a. Basis of Accounting The consolidated financial statements have been prepared on the historical cost basis except certain investment properties that are measured at fair value as of end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. The Group management believes that all adjustments that are required for a proper presentation of the financial information are incorporated in these consolidated financial statements.
Going Concern		b. Going Concern As described further in Note 16, the Group obtained a waiver relating to compliance with the debt service coverage ratio as required by its loan covenants with Bancolombia. This waiver remains in force through December 31, 2023. In September 2023, the Group restructured its Bancolombia debt to defer principal payments until May 2024, at which point the Group will have 12 months to pay this accrued principal and interest in full at no additional cost and will subsequently be tested for compliance with the debt service coverage ratio on June 30, 2024 as required by its debt covenants. The outstanding Bancolombia loan balance as of December 31, 2023 was $ 41.8 1.1 While the Group has fulfilled all debt service payments required by its lending agreements in all jurisdictions to date, current interest rates in Colombia make it probable that further debt waivers, restructuring, or repayment will be necessary relating to the Bancolombia loan prior to May 2024, when principal payments resume on the loan. The Group’s lending agreements with Bancolombia are only collateralized by four Colombian investment properties, which were valued at $ 90.3 67.5 8.0 20.4
Foreign Currency		c. Foreign Currency ● Functional and Presentation Currency - SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2023 2022 Costa Rican Colones (“CRC”) CRC 527 CRC 602 Peruvian Soles (“PEN”) PEN 3.713 PEN 3.820 Colombian Peso (“COP”) COP 3,822 COP 4,810 The average rates for a USD to relevant currencies for the Group $1.00 were the following for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Costa Rican Colones (“CRC”) CRC 547 CRC 651 CRC 624 Peruvian Soles (“PEN”) PEN 3.747 PEN 3.840 PEN 3.885 Colombian Peso (“COP”) COP 4,321 COP 4,255 COP 4,743 ● Foreign Currency Transactions - Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognized in profit or loss. Foreign Operations - Foreign currency differences are recognized in other comprehensive income (OCI) and accumulated in a separate line item in the Group’s consolidated statements of changes in equity under “Foreign currency translation reserve”, except to the extent that the translation difference is allocated to non-controlling interests (NCI). When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the foreign currency translation reserve account related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Group disposes of part of its interest in a subsidiary but retains control, then, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Group disposes only part of an associate while retaining significant influence, the relevant proportion of the cumulative amount is reclassified to profit or loss.
Basis of Consolidation		e. Basis of Consolidation - ● Has the power over the investee; ● Is exposed, or has rights, to variable returns from its involvement with the investee; and ● Has the ability to use its power to affects its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Group has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the contractual rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Group considers all relevant facts and circumstances in assessing whether or not the Group’s voting rights in an investee are sufficient to give it power, including: ● The size of the Group’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● Exposure, or rights, to variable returns from its involvement with the investee ● Any additional facts and circumstances that indicate that the Group has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made including the ability to use its power over the investee to affect the amount of the investor’s returns Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control. Specifically, the results of subsidiaries acquired or disposed of during the year are included in profit or loss from the date the Group gains control until the date when the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive loss are attributed to owners of the Group and to the non-controlling interests. Total comprehensive income of the subsidiaries is attributed to the owners of the Group and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Group’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Group are eliminated on consolidation. Non-controlling interests in subsidiaries are identified separately from the Group’s equity therein. Those interests of non-controlling shareholders that are present ownership interests entitling their holders to a proportionate share of net assets upon liquidation may initially be measured at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement is made on an acquisition-by-acquisition basis. Other non-controlling interests are initially measured at fair value. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance. Changes in the Group’s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Group. When the Group loses control of a subsidiary, the gain or loss on disposal recognized in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value, as of the date control is lost, of any retained interest in the subsidiary and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive loss in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 Financial Instruments when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. The consolidated financial statements include the financial information of Latam Logistic Properties, S.A. (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interest Entities Country 2023 2022 2023 2022 Latam Logistic Property Holdings LLC United States 100% 100% Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Santiago I, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Santo Domingo, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 50% 60% 50% Latam Logistic COL OpCo, S.A. (3) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic COL OpCo, S.A.S.
Use of Significant Judgements and Estimates		d. Use of Significant Judgements and Estimates The following are the critical accounting judgements and key sources of estimation uncertainty, that the management have made in the process of applying the Group’s accounting policies and that have the most significant effect on the amounts recognized in financial statements. ● Leases Definition of a lease Under IFRS 16, a lease is a contract (i.e., an agreement between two or more parties that creates enforceable rights and obligations), or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration. Property lease classification – the Group as lessor The Group has entered into leases on its investment property portfolio. The Group has determined, based on an evaluation of the terms and conditions of the arrangements, such as the lease term not constituting a major part of the economic life of the property and the present value of the minimum lease payments not amounting to substantially all of the fair value of the property, that it retains substantially all the risks and rewards incidental to ownership of this property and accounts for the contracts as operating leases. Estimating the incremental borrowing rate – the Group as lessee The Group cannot readily determine the interest rate implicit in leases where it is the lessee, therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The IBR is the rate of interest that the Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The Group estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates (such as the subsidiary’s stand-alone credit rating). ● Receivable from the sale of investment properties ● Investment Properties ● Impairment of Financial Assets ● Control for partnership agreements –
Financial Instruments		f. Financial Instruments Classification of Financial Assets ● The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets that meet the following conditions are measured subsequently at fair value through other comprehensive income (FVTOCI): ● The financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling the financial assets; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. By default, all other financial assets are measured subsequently at fair value through profit or loss (FVTPL). Despite the foregoing, the Group may make the following irrevocable election/designation at initial recognition of a financial asset: ● The Group may irrevocably elect to present subsequent changes in fair value of an equity investment in other comprehensive income if certain criteria are met; and ● The Group may irrevocably designate a financial asset that meets the amortized cost or FVTOCI criteria as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch. Amortized Cost and Effective Interest Method – For financial assets other than purchased or originated credit-impaired financial assets, the effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) excluding expected credit losses, through the expected life of the financial asset, or, where appropriate, a shorter period, to the gross carrying amount of the financial asset on initial recognition. For purchased or originated credit-impaired financial assets, a credit-adjusted effective interest rate is calculated by discounting the estimated future cash flows, including expected credit losses, to the amortized cost of the financial asset on initial recognition. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. The gross carrying amount of a financial asset is the amortized cost of a financial asset before adjusting for any loss allowance. For financial assets other than purchased or originated credit-impaired financial assets, interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset, except for financial assets that have subsequently become credit-impaired. For financial assets that have subsequently become credit-impaired, interest income is recognized by applying the effective interest rate to the amortized cost of the financial asset. If, in subsequent reporting years, the credit risk on the credit-impaired financial instrument improves so that the financial asset is no longer credit-impaired, interest income is recognized by applying the effective interest rate to the gross carrying amount of the financial asset. Impairment of Financial Assets Measurement of Expected Credit Losses - For lease receivables, the Group performs an assessment for all tenants to evaluate their current financial state and historical payment behavior. For tenants who show indicators of financial difficulties, the Group creates a specific reserve for those tenants covering 100% of their outstanding balance. For lease receivables where tenants are not specifically reserved for, the Group applies a lifetime ECL using a provision matrix. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. For tenant notes receivables and due from affiliates, the Group assess and monitors if there has been a significant increase in credit risk since initial recognition. If the credit risk on the financial instrument has not increased significantly since initial recognition, the Group measures the loss allowance at an amount equal to 12-month ECL; otherwise, the Group recognizes lifetime ECL. Based on the result of the assessment for the year ended December 31, 2023 and 2022, the Group concluded there has not been a significant increase in credit risk since initial recognition for tenant notes receivables and due from affiliates. The Group only extends such financial arrangements to tenants who have successfully undergone the comprehensive background check procedures. Occasionally, the Group extends loans to related party, or affiliate, where the Group conducts a thorough examination of borrower’s reputation, credit history, and payment record. The Group applies continuous monitoring whereby tenants are evaluated on a monthly basis to ensure there are no indicators that may suggest an increase in credit risk. Due to there not being a significant increase in credit risk, the Group measures the loss allowance for tenant notes receivables and due from affiliates at an amount equal to 12-month ECL, which represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date. The 12-month ECL are estimated using the probability of default approach, which is a function of the probability of default, loss given default (i.e., the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward-looking information. As for the exposure at default, for financial assets, this is represented by the assets’ gross carrying amount at the reporting date. The Group writes off a financial asset when there is information indicating that the debtor is in a financial difficulty and there is no realistic prospect of recovery, e.g., when the debtor has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Refer below for the definition of terms: i. Significant Increase in Credit Risk - ii. Definition of Default ● When there is a breach of financial covenants by the debtor; or ● Information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including the Group, in full (without taking into account any collateral held by the Group). Irrespective of the above analysis, the Group considers that default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate. iii. Credit – impaired Financial Assets ● Significant financial difficulty of the issuer or the borrower; ● A breach of contract, such as a default or past due event (see (ii) above); ● The lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; ● It is becoming probable that the borrower will enter bankruptcy or other financial reorganization; or ● The disappearance of an active market for that financial asset because of financial difficulties. iv. Recognition of Expected Credit Losses 946,006 2,772,977 v. Concentration of Credit Risk – 10 Classification of Financial Liabilities Financial Liabilities Measured Subsequently at Amortized Cost Financial liabilities that are not (i) contingent consideration of an acquirer in a business combination, (ii) held-for-trading, or (iii) designated as at FVTPL, are measured subsequently at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant year. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. Embedded derivatives Derivatives embedded in hybrid contracts with hosts that are not financial assets within the scope of IFRS 9 (e.g., financial liabilities) are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the host contracts are not measured at fair value through profit or loss (FVTPL). Further, such derivatives are initially recognized at fair value and the residual amount is the initial carrying value of the host contract liability. If an embedded derivative is identified, it is presented as a non-current asset or a non-current liability if the remaining maturity of the hybrid instrument to which the embedded derivative relates is more than 12 months and is not expected to be realized or settled within 12 months. Derecognition of Financial Liabilities When the Group exchanges with the existing lender one debt instrument into another one with the substantially different terms, such exchange is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, the Group accounts for substantial modification of terms of an existing liability or part of it as an extinguishment of the original financial liability and the recognition of a new liability. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective rate is at least 10 percent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification under the effective interest rate method; and (2) the present value of the cash flows after modification (discounted using the effective interest rate before the modification) should be recognized in profit or loss as the modification gain or loss within other gains and losses.
Leases		i. Leases Lease liability is initially measured at present value of the lease payments that are not paid on the commencement date, discounted from the implicit interest rate in the contract. If this rate cannot be readily determined, the Group shall use incremental rates. The lease payments included in the measurement of lease liability consist of: ● Fixed payments, including in substance fixed payments, less any lease incentives received; ● Variable lease payments that depend on an index or a rate, initially measured using the index or rate at the commencement date; ● Amount expected to be paid by the lessee under residual value guarantees; ● The exercise price of a purchase option if the lessee is reasonably certain to exercise that option; and ● Payments of penalties for terminating the lease if the lease term reflects the lessee exercising an option to terminate the lease. Lease liability is included in the other current and non-current liabilities in the consolidated statement of financial position. Lease liability is subsequently measured by increasing the carrying amount to reflect the interest earned on the liability lease (using the effective interest method) and reducing the carrying amount to reflect the lease payments made. Right-of-use assets consist of the amount of the initial measurement of the corresponding lease liability, the lease payments made on or before the commencement date, less any lease incentive received and any initial direct cost. The subsequent valuation is the cost less the accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period between the lease period and the useful life of the underlying asset. If a lease transfers the ownership of the underlying asset, or the cost of the right-of-use asset reflects that the Group plans to exercise a purchase option, the right-of-use asset will be depreciated over the useful life. Depreciation starts on the date of the commencement of the lease. The right-of-use assets are shown as a separate component in the statement of financial position. As practical expedient, IFRS 16 allows a lessee to not separate the non-lease components and instead account for any lease components and its associated non-lease components as a single lease component. The Group has not used this practical expedient. For a contract that contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components.
Investment Properties		j. Investment Properties The Group categorizes its investment properties into three groups: land bank, properties under development and operating properties. The land bank category encompasses land acquisitions made by the Group, including land purchase expenses, along with certain allocated permit and infrastructure costs. The investment properties transition to properties under development once the Group secures construction permits for land development and initiates construction activities. Subsequently, they are reclassified as operating properties once they achieve a state of “stabilization”. The Group defines stabilization as the earlier of the point at which a developed property has been completed for one year, or when it reaches a 90% occupancy rate. As described below, the Group recognizes rental income using the straight-line method. Any temporary difference between the recognized rental income and the amount billed is recorded in the rent leveling balance sheet account. The temporary difference between cash and accrual payments will ultimately be reversed and eliminated by the end of the lease. The Group concludes that rent leveling constitutes an integral component of the fair value of the investment properties because the expected cash flows of the leases are already reflected in the fair value of the investment properties. Therefore, the recognition of rental revenue on a straight-line basis over the lease term would require an adjustment to the fair value of the investment property to avoid double counting. An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from used and no future economic benefits are expected form the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net sale proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognized.
Fair value measurements		k. Fair value measurements Inventories Impairment of Assets In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: ● Level 1 ● Level 2 ● Level 3 The Group has a control framework established in relation to the measurement of fair values. This includes the supervision of management of all significant fair value measurements, including the fair values of level 3. The Group’s management regularly reviews the significant unobservable variables and the valuation adjustments. If a third-party information, such as broker quotes or pricing services, is used to measure fair values, supervision includes evidence obtained from third parties to support the conclusion that those valuations meet the requirements of IFRS, including the level within the hierarchy of fair value within these valuations should be classified.
Assets Held for Sale		l. Assets Held for Sale For investment properties measured at fair value that are classified as held for sale, the Group continues to measure the investment properties under the fair value model. Assets and liabilities classified as held for sale are presented separately in the statement of financial position.
Revenue Recognition		m. Revenue Recognition Investment Property Rental Income Leases Revenue from Contracts with Customers The Group’s leases with tenants (customers) under agreements are classified as operating leases. The Group recognizes the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Lease components The right to use an asset represents a separate lease component from other lease components if two criteria are met: a. The lessee can benefit from the use of the asset either on its own or together with other readily available resources. b. The underlying asset must not be highly dependent on or highly interrelated with other underlying assets in the contract. The Group generally identifies the right to use the warehouses and underlying land as lease components in its lease contracts with tenants based on the above two criteria. In some cases, the Group might also grant tenants the right to use dedicated parking spots, or other types of assets, which could also be considered as lease components. Non-lease components When identifying non-lease components, the Group considers whether a good or service is transferred to the lessee. Typically, maintenance activities, including common area maintenance (“CAM,” e.g., cleaning a lobby of a building, property management services, general repairs), provided by the lessor along with utilities are considered non-lease components because they represent goods or services transferred to the Group separately from the right to use the underlying asset. The Group applies IFRS 15 to allocate the consideration in the contract between lease and non-lease components, on the basis of stand-alone selling prices. Stand-alone selling price represents the price at which an entity would sell a good or service on a stand-alone (or separate) basis at contract inception. Principal/agent considerations for non-lease components For the identified non-lease components that are accounted for under IFRS 15, the Group concludes that they should in general be presented gross in the consolidated statement of profit or loss and other comprehensive loss, because the Group is typically acting as a principal, because the Group controls the promised good or service before the it transfers the good or service to a customer. The Group is itself contractually obliged to provide these services to its tenants and is ultimately responsible for fulfilling the promise to provide the services. Rental Revenues in the consolidated statements of profit or loss and other comprehensive loss. Disaggregation of rental revenue arising from contracts with customers from other sources of revenue is disclosed in Note 4. The Group performs credit analyses of our customers prior to the execution of the leases and continue these analyses for each individual lease on an ongoing basis in order to ensure the collectability of rental revenue. The Group recognizes revenue to the extent that amounts are determined to be collectible. Other
n. Retainage Payable - Construction contract retainage represents payments which have been partially withheld from subcontractors pending the completion of a project or other contractual conditions. The Group accrues a liability for construction retainage throughout the construction phase, based on the percentage of completion of the construction. Such liability is subsequently released upon completion of construction when the retainage is paid.		n. Retainage Payable
Income Tax		o. Income Tax ● Current Tax The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted as of the date of the consolidated statement of financial position. Current assets and liabilities are offset only if certain criteria are met. ● Deferred Tax – Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; – Temporary differences related to investments in subsidiaries and associates to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that it will not reverse in the foreseeable future; and, – Taxable temporary differences arising on the initial recognition of goodwill. Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available, against which they can be used. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits improves. Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset only if certain criteria are met.

NATURE OF BUSINESS (Tables)

NATURE OF BUSINESS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF OWNERSHIP STRUCTURE	SCHEDULE OF OWNERSHIP STRUCTURE As a result of the Business Combination, TWOA and LLP became wholly-owned subsidiaries of LPA, and LPA ordinary shares (“Ordinary Shares”) were listed on the New York Stock Exchange (“NYSE”) under the symbol “LPA”. Refer to Note 3 for more details. Since TWOA did not meet the definition of a business under the guidance of International Financial Reporting Standards as issued by the International Accounting Standards Board (“IASB”) (“IFRS”) 3, the Business Combination was accounted for as a share-based payment transaction in accordance with IFRS 2, Share-Based Payment (IFRS 2), and the Business Combination was accounted for as a reverse capitalization in accordance with IFRS. Under this method of accounting, TWOA was treated as the acquired company for financial reporting purposes and LLP was treated as the accounting acquirer. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of LLP issuing shares for the net assets of TWOA. The unaudited condensed consolidated interim financial statements were prepared as a continuation of LLP and its subsidiaries as LLP is considered the accounting predecessor. Accordingly, all historical financial information presented in these condensed consolidated interim financial statements represents the accounts of LLP. The comparative financial information in relation to the shares and basic and diluted earnings (loss) per share attributable to equity holders of the Company, prior to the Business Combination, have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination. These unaudited condensed consolidated interim financial statements should be read in conjunction with LLP’s most recent audited consolidated financial statements and notes.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF OWNERSHIP STRUCTURE		As of December 31, 2023, and 2022, Latam Logistic Properties, S.A. ownership structure was as follows: SCHEDULE OF OWNERSHIP STRUCTURE 2023 2022 Number of Common Shares % of Ownership Number of Common Shares % of Ownership JREP I Logistics Acquisition, L.P. (1) 149,378,010 88.8% 149,378,010 88.8% Latam Logistics Investments, LLC 13,451,419 8.0% 13,451,419 8.0% Latam Logistic Equity Partners, LLC 5,313,311 3.2% 5,313,311 3.2% Total 168,142,740 100.0% 168,142,740 100.0% (1) JREP I Logistics Acquisition L.P. (“JREP I”) is the Group’s majority shareholder and controlling investor with 88.8

MATERIAL ACCOUNTING POLICY IN_3

MATERIAL ACCOUNTING POLICY INFORMATION (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE	SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2024 2023 Costa Rican Colones (“CRC”) CRC 530 CRC 549 Peruvian Soles (“PEN”) PEN 3.84 PEN 3.64 Colombian Pesos (“COP”) COP 4,148 COP 4,191 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the three months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 516 CRC 544 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.71 Colombian Pesos (“COP”) COP 3,926 COP 4,415 The average rates for a USD to relevant currencies for the Company’s $1.00 were the following for the six months ended June 30, 2024 and 2023: 2024 2023 Costa Rican Colones (“CRC”) CRC 517 CRC 556 Peruvian Soles (“PEN”) PEN 3.75 PEN 3.76 Colombian Pesos (“COP”) COP 3,920 COP 4,587
SCHEDULE OF SUBSIDIARIES	The condensed consolidated financial statements include the financial information of Logistic Properties of the Americas (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interests Entities Country June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Latam Logistic Properties S.A. Panamá 100% N/A two Cayman Islands 100% N/A Latam Logistic Property Holdings, LLC United States 100% 100% LPA Corporate Services Inc. United States 100% N/A Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Logistic Property Asset Management, S de R.L. (3) Panamá 100% 100% Latam Logistic Pan Holdco Verbena Fase II, S de R.L. (4) Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 40% 60% 60% Latam Logistic COL OpCo, S.A. (5) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic Pan Holdco Santiago I, S de R.L. (4) Formerly known as Latam Logistic Pan Holdco Santo Domingo, S de R.L. (5) Formerly known as Latam Logistic COL OpCo, S.A.S.
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE		SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE 2023 2022 Costa Rican Colones (“CRC”) CRC 527 CRC 602 Peruvian Soles (“PEN”) PEN 3.713 PEN 3.820 Colombian Peso (“COP”) COP 3,822 COP 4,810 The average rates for a USD to relevant currencies for the Group $1.00 were the following for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Costa Rican Colones (“CRC”) CRC 547 CRC 651 CRC 624 Peruvian Soles (“PEN”) PEN 3.747 PEN 3.840 PEN 3.885 Colombian Peso (“COP”) COP 4,321 COP 4,255 COP 4,743
SCHEDULE OF SUBSIDIARIES		The consolidated financial statements include the financial information of Latam Logistic Properties, S.A. (parent entity) and its subsidiaries: SCHEDULE OF SUBSIDIARIES Ownership Interest Non-controlling Interest Entities Country 2023 2022 2023 2022 Latam Logistic Property Holdings LLC United States 100% 100% Latam Logistic COL HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic CR HoldCo I, S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco El Coyol II S de R.L. Panamá 50% 50% 50% 50% Latam Logistic Pan Holdco Cedis Rurales S de R.L. Panamá 100% 100% Latam Logistic Pan HoldCo San Joaquin I S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Verbena I S de R.L. (1) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Verbena II S, S.R.L. (2) Panamá 47.6% 47.6% 52.4% 52.4% Latam Logistic Pan Holdco Santiago I, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Santo Domingo, S de R.L. Panamá 100% 100% Latam Logistic Pan Holdco Medellin I, S.R.L. Panamá 100% 100% LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. Panamá 100% 100% Latam Logistic PER OpCo, S.R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin I, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin II, S. de R.L. Perú 100% 100% Latam Logistic PER PropCo Lurin III, S. de R.L. Perú 100% 100% Parque Logístico Callao, S.R.L. Perú 40% 50% 60% 50% Latam Logistic COL OpCo, S.A. (3) Colombia 100% 100% Latam Logistic COL PropCo Cota I, S.A.S. Colombia 100% 100% Latam Logistic CR OpCo, S.R.L. Costa Rica 100% 100% Latam Logistic CR PropCo Alajuela I, S.R.L. Costa Rica 100% 100% Latam Propco El Coyol Dos S de R.L. Costa Rica 50% 50% 50% 50% Latam Logistic Propco Bodegas San Joaquín S de R.L. Costa Rica 100% 100% Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. Costa Rica 100% 100% 3101784433, S.R.L. Costa Rica 23.6% 23.6% 76.4% 76.4% Latam Logistic PropCo Bodegas los Llanos S de R.L. Costa Rica 100% 100% Latam Logistic CR Zona Franca, S. de R.L. Costa Rica 100% 100% Latam Logistics SLV OpCo S.A. de C.V. El Salvador 100% 100% (1) Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L. (2) Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L. (3) Formerly known as Latam Logistic COL OpCo, S.A.S.

REVERSE CAPITALIZATION (Tables)

REVERSE CAPITALIZATION (Tables)	6 Months Ended
	Jun. 30, 2024
Reverse Capitalization
SCHEDULE OF BUSINESS COMBINATION OWNERSHIP STRUCTURE	The Business Combination was consummated on March 27, 2024. Following the Business Combination, the ownership structure of LPA was as follows: SCHEDULE OF BUSINESS COMBINATION OWNERSHIP STRUCTURE Number of Ordinary Shares % of Ownership LPA Ordinary Shares issued to TWOA shareholders 3,897,747 12.3% LPA Ordinary Shares converted from legacy LLP equity holders 26,312,000 83.0% LPA Ordinary Shares issued to PIPE Investor 1,500,000 4.7% Total 31,709,747 100.0%
SCHEDULE OF PROCEEDS FROM BUSINESS COMBINATION NET OF TRANSACTION COSTS PAID	The proceeds from Business Combination (net of transaction costs paid) are summarized below: SCHEDULE OF PROCEEDS FROM BUSINESS COMBINATION NET OF TRANSACTION COSTS PAID Amount Proceeds from PIPE Investor $ 15,000,000 Proceeds from TWOA trust 1,121,150 Transaction costs paid (7,947,031 ) Proceeds from Business Combination, net of transaction costs paid $ 8,174,119
SCHEDULE OF FAIR VALUE OF EQUITY INTERESTS MEASURED AT CLOSING MARKET PRICE	SCHEDULE OF FAIR VALUE OF EQUITY INTERESTS MEASURED AT CLOSING MARKET PRICE Fair value of TWOA public shares ( 103,813 10.70 $ 1,110,799 Fair value of TWOA sponsor shares ( 3,793,934 10.70 40,595,094 I: Total deemed fair value of consideration issued to TWOA shareholders: (A+B) 41,705,893 Cash and cash equivalents 1,121,150 Accounts payable (3,884,870 ) II: Net liabilities of TWOA (2,763,720 ) Total share listing expense (I-II) $ 44,469,613

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
DisclosureofRevenueLineItems [Line Items]
SCHEDULE OF REVENUE	The Company’s revenue was as follows: SCHEDULE OF REVENUE 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Non-lease components of rental arrangements $ 1,216,441 $ 1,076,001 $ 2,329,795 $ 2,045,773 Other 39,842 8,377 97,055 36,020 Revenue from contracts with customers (IFRS 15) 1,256,283 1,084,378 2,426,850 2,081,793 Rental income 9,730,653 8,905,394 19,043,548 17,157,965 Total revenue $ 10,986,936 $ 9,989,772 $ 21,470,398 $ 19,239,758
SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES	SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES
Latam Logistic Properties SA [member]
DisclosureofRevenueLineItems [Line Items]
SCHEDULE OF REVENUE		The Group’s revenue was as follows: SCHEDULE OF REVENUE 2023 2022 2021 Year ended December 31, 2023 2022 2021 Non-lease components of rental arrangements $ 4,194,415 $ 3,287,013 $ 2,235,529 Other 108,564 92,998 42,142 Revenue from contracts with customers (IFRS 15) 4,302,979 3,380,011 2,277,671 Rental income 35,133,364 28,603,556 23,318,402 Total revenue $ 39,436,343 $ 31,983,567 $ 25,596,073
SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES		The following table summarizes the Group’s minimum lease payments under non-cancellable operating leases as of December 31, 2023: SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES Amount 2024 $ 38,723,655 2025 35,919,432 2026 32,869,113 2027 29,297,600 2028 21,488,945 Thereafter 69,406,401 Total $ 227,705,146

INVESTMENT PROPERTY OPERATING_2

INVESTMENT PROPERTY OPERATING EXPENSES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES	Rental property operating expenses were as follows: SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Repair and maintenance $ 759,555 $ 604,040 $ 1,446,463 $ 1,215,237 Utilities 98,550 98,705 281,403 216,240 Insurance 118,265 88,512 222,475 173,138 Property management 71,881 59,178 134,067 113,800 Real estate taxes 237,500 218,257 390,834 429,350 Expected credit loss adjustments 13,112 (46,818 ) 24,081 (99,776 ) Other property related expenses 409,233 260,914 740,567 591,598 Total $ 1,708,096 $ 1,282,788 $ 3,239,890 $ 2,639,587
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES		Rental property operating expenses were as follows: SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES Year ended December 31, 2023 2022 2021 Repair and maintenance $ 2,351,598 $ 1,661,900 $ 1,234,863 Property management 1,062,320 1,072,509 783,495 Real estate taxes 731,261 357,457 333,613 Adjustment for expected credit losses (87,723 ) 1,470,990 1,062,133 Other property related expenses 1,085,494 844,583 673,261 Total $ 5,142,950 $ 5,407,439 $ 4,087,365

OTHER INCOME AND OTHER EXPENS_2

OTHER INCOME AND OTHER EXPENSES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF OTHER INCOME	Other income was as follows: SCHEDULE OF OTHER INCOME 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Interest income $ 369,956 $ 52,917 $ 680,446 $ 93,373 Income in connection to the LR Agreements (defined below) 9,844,894 — 9,844,894 — Other 622,879 — 622,919 6,137 Total $ 10,837,729 $ 52,917 $ 11,148,259 $ 99,510
SCHEDULE OF OTHER EXPENSES	Other expenses were as follows: SCHEDULE OF OTHER EXPENSES 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Transaction-related costs in connection with the Business Combination $ 6,804 $ 53,342 $ 6,179,179 $ 55,074 Fees in connection to the LR Agreements (defined below) 1,148,922 — 1,148,922 — Loss on disposition of property and equipment — 883 — 83,348 Other 16,716 — 16,716 — Total $ 1,172,442 $ 54,225 $ 7,344,817 $ 138,422
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF OTHER INCOME		Other income for the years ended December 31, 2023, 2022 and 2021 were as follows: SCHEDULE OF OTHER INCOME 2023 2022 2021 Interest income $ 300,189 $ 94,130 $ 87,923 Other 7,633 5,997 63,468 Total $ 307,822 $ 100,127 $ 151,391
SCHEDULE OF OTHER EXPENSES		Other expenses for the years ended December 31, 2023, 2022 and 2021 were as follows: SCHEDULE OF OTHER EXPENSES 2023 2022 2021 Transaction-related costs $ 6,150,988 $ 306,059 $ 1,367,647 Loss on disposition of fixed assets 83,389 30,270 — Legal provision (101,741 ) 274,844 — Total $ 6,132,636 $ 611,173 $ 1,367,647

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME	The tables below present information by segment presented to the CODM and reconciliations to the Company’s consolidated amounts for the three months ended June 30, 2024, and 2023. SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME 2024 2023 Three months ended June 30, 2024 2023 Revenue: Colombia $ 2,019,177 $ 2,066,829 Peru 2,934,997 2,432,604 Costa Rica 5,992,920 5,481,962 Unallocated revenue 39,842 8,377 Total $ 10,986,936 $ 9,989,772 Revenue $ 10,986,936 $ 9,989,772 Investment property operating expense: Colombia $ (291,240 ) $ (258,873 ) Peru (544,610 ) (483,077 ) Costa Rica (872,246 ) (540,838 ) Total $ (1,708,096 ) $ (1,282,788 ) Investment property operating expense $ (1,708,096 ) $ (1,282,788 ) Net operating income Colombia $ 1,727,937 $ 1,807,956 Peru 2,390,387 1,949,527 Costa Rica 5,120,674 4,941,124 Total $ 9,238,998 $ 8,698,607 Net operating income $ 9,238,998 $ 8,698,607 General and administrative: Colombia $ (317,328 ) $ (250,761 ) Peru (363,426 ) (64,928 ) Costa Rica (724,167 ) (571,752 ) Corporate (3,151,762 ) (188,797 ) Total $ (4,556,683 ) $ (1,076,238 ) General and administrative $ (4,556,683 ) $ (1,076,238 ) Financing costs Colombia $ (1,619,037 ) $ (1,804,661 ) Peru (1,311,360 ) (839,287 ) Costa Rica (2,878,580 ) (9,155,482 ) Corporate — (335,446 ) Total $ (5,808,977 ) $ (12,134,876 ) Financing costs $ (5,808,977 ) $ (12,134,876 ) The tables below present information by segment presented to the CODM and reconciliations to the Company’s consolidated amounts for the six months ended June 30, 2024, and 2023. 2024 2023 Six months ended June 30, 2024 2023 Revenue: Colombia $ 4,358,549 $ 3,781,404 Peru 5,366,057 4,688,955 Costa Rica 11,648,737 10,733,379 Unallocated revenue 97,055 36,020 Total $ 21,470,398 $ 19,239,758 Revenue $ 21,470,398 $ 19,239,758 Investment property operating expense: Colombia $ (533,765 ) $ (469,376 ) Peru (997,766 ) (939,292 ) Costa Rica (1,708,359 ) (1,230,919 ) Total $ (3,239,890 ) $ (2,639,587 ) Investment property operating expense $ (3,239,890 ) $ (2,639,587 ) Net operating income Colombia $ 3,824,784 $ 3,312,028 Peru 4,368,291 3,749,663 Costa Rica 9,940,378 9,502,460 Total $ 18,133,453 $ 16,564,151 Net operating income $ 18,133,453 $ 16,564,151 General and administrative: Colombia $ (553,486 ) $ (463,038 ) Peru (605,220 ) (314,615 ) Costa Rica (1,476,846 ) (1,080,710 ) Corporate (3,615,228 ) (339,530 ) Total $ (6,250,780 ) $ (2,197,893 ) General and administrative $ (6,250,780 ) $ (2,197,893 ) Financing costs Colombia $ (3,518,830 ) $ (3,364,448 ) Peru (2,424,049 ) (1,774,096 ) Costa Rica (5,428,477 ) (11,787,327 ) Corporate — (711,047 ) Total $ (11,371,356 ) $ (17,636,918 ) Financing costs $ (11,371,356 ) $ (17,636,918 )
SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES	The following table reconciles segment net operating income to profit before taxes for the three months ended June 30, 2024 and 2023: SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES 2024 2023 Three months ended June 30, 2024 2023 Net operating income $ 9,238,998 $ 8,698,607 Unallocated revenue 39,842 8,377 General and administrative (4,556,683 ) (1,076,238 ) Investment property valuation gain 4,550,714 305,441 Interest income from affiliates — 158,113 Financing costs (5,808,977 ) (12,134,876 ) Net foreign currency (loss) gain (158,361 ) 64,474 Gain on sale of asset held for sale — 1,022,853 Other income 10,837,729 52,917 Other expenses (1,172,442 ) (54,225 ) Profit (loss) before taxes $ 12,970,820 $ (2,954,557 ) The following table reconciles segment net operating income to profit before taxes for the six months ended June 30, 2024 and 2023: 2024 2023 Six months ended June 30, 2024 2023 Net operating income $ 18,133,453 $ 16,564,151 Unallocated revenue 97,055 36,020 General and administrative (6,250,780 ) (2,197,893 ) Listing expense (44,469,613 ) — Investment property valuation gain 9,749,988 10,276,377 Interest income from affiliates 302,808 314,488 Financing costs (11,371,356 ) (17,636,918 ) Net foreign currency (loss) gain (176,605 ) 229,772 Gain on sale of asset held for sale — 1,022,853 Other income 11,148,259 99,510 Other expenses (7,344,817 ) (138,422 ) Profit (loss) before taxes $ (30,181,608 ) $ 8,569,938
SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT	SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT June 30, 2024 December 31, Segment investment properties Colombia $ 129,074,360 $ 131,057,446 Peru 139,293,029 127,350,614 Costa Rica 257,495,133 255,764,221 Total $ 525,862,522 $ 514,172,281 Investment properties $ 525,862,522 $ 514,172,281 Reconciling items: Cash and cash equivalents 48,173,742 35,242,363 Due from affiliates — 9,463,164 Lease and other receivables, net 3,384,827 3,557,988 Receivables from the sale of investment properties - short term 5,751,931 4,072,391 Receivables from the sale of investment properties - long term — 4,147,507 Prepaid construction costs 298,223 1,123,590 Prepaid income taxes 1,009,808 651,925 Other current assets 3,276,935 2,791,593 Tenant notes receivables - long term, net 5,565,780 6,002,315 Restricted cash equivalent 4,739,916 2,681,110 Property and equipment, net 329,868 354,437 Deferred tax asset 312,378 1,345,859 Other non-current assets 5,483,834 5,218,787 Total assets $ 604,189,764 $ 590,825,310 Segment debt Colombia $ 43,148,658 $ 47,654,090 Peru 59,867,406 61,260,237 Costa Rica 172,862,415 160,939,908 Total $ 275,878,479 $ 269,854,235 Long term debt $ 275,878,479 $ 269,854,235 Reconciling items: Accounts payable and accrued expenses 10,544,627 13,127,502 Income tax payable 1,760,485 2,024,865 Retainage payable 1,558,684 1,737,805 Other current liabilities 790,547 959,539 Deferred tax liability 37,805,728 37,451,338 Security deposits 2,500,277 1,790,554 Other non-current liabilities 4,137,761 2,936,555 Total liabilities $ 334,976,588 329,882,393
SCHEDULE OF GEOGRAPHIC AREA INFORMATION	SCHEDULE OF GEOGRAPHIC AREA INFORMATION June 30, 2024 December 31, 2023 Long-lived assets Colombia $ 129,101,519 $ 131,147,272 Peru 139,358,727 127,416,698 Costa Rica 257,732,144 256,000,132 Total $ 526,192,390 $ 514,564,102 Long-lived assets $ 526,192,390 $ 514,564,102
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME		The Group evaluates the performance of its reportable segments based on net operating income. Segment net operating income consists of segment investment property rental revenue less segment investment property operating expense. SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME 2023 2022 2021 Year ended December 31, 2023 2022 2021 Revenue: Colombia $ 8,038,441 $ 5,690,569 $ 4,714,197 Peru 9,260,197 8,350,957 5,244,208 Costa Rica 22,029,141 17,849,043 15,595,526 Unallocated revenue 108,564 92,998 42,142 Total $ 39,436,343 $ 31,983,567 $ 25,596,073 Revenue $ 39,436,343 $ 31,983,567 $ 25,596,073 Investment property operating expense: Colombia $ (989,404 ) $ (599,084 ) $ (454,333 ) Peru (1,476,086 ) (1,288,280 ) (1,037,161 ) Costa Rica (2,677,460 ) (3,520,075 ) (2,595,871 ) Total $ (5,142,950 ) $ (5,407,439 ) $ (4,087,365 ) Investment property operating expense $ (5,142,950 ) $ (5,407,439 ) $ (4,087,365 ) Net operating income Colombia $ 7,049,037 $ 5,091,485 $ 4,259,864 Peru 7,784,111 7,062,677 4,207,047 Costa Rica 19,351,681 14,328,968 12,999,655 Total $ 34,184,829 $ 26,483,130 $ 21,466,566 Net operating income $ 34,184,829 $ 26,483,130 $ 21,466,566 General and administrative: Colombia $ (1,182,837 ) $ (897,455 ) $ (1,048,445 ) Peru (1,745,286 ) (765,572 ) (721,501 ) Costa Rica (2,945,824 ) (2,421,168 ) (3,017,494 ) Corporate and other (2,634,915 ) (525,000 ) (606,761 ) Total $ (8,508,862 ) $ (4,609,195 ) $ (5,394,201 ) General and administrative $ (8,508,862 ) $ (4,609,195 ) $ (5,394,201 ) Financing costs Colombia $ (8,068,416 ) $ (6,267,603 ) $ (2,753,390 ) Peru (5,431,535 ) (1,997,204 ) (1,421,466 ) Costa Rica (17,611,113 ) (3,483,685 ) (5,620,317 ) Corporate and other — (18,234 ) (4,385 ) Total $ (31,111,064 ) $ (11,766,726 ) $ (9,799,558 ) Financing costs $ (31,111,064 ) $ (11,766,726 ) $ (9,799,558 )
SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES		The following table reconciles segment net operating income to profit before taxes for the years ended December 31, 2023, 2022 and 2021: SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES 2023 2022 2021 Year ended December 31, 2023 2022 2021 Net operating income $ 34,184,829 $ 26,483,130 $ 21,466,566 Unallocated revenue 108,564 92,998 42,142 General and administrative (8,508,862 ) (4,609,195 ) (5,394,201 ) Investment property valuation gain 20,151,026 3,525,692 12,610,127 Interest income from affiliates 664,219 561,372 424,838 Financing costs (31,111,064 ) (11,766,726 ) (9,799,558 ) Net foreign currency gain (loss) 284,706 299,762 (707,570 ) Gain (loss) on sale of investment properties 1,165,170 (398,247 ) — Gain on sale of asset held for sale 1,022,853 — — Other income 307,822 100,127 151,391 Other expenses (6,132,636 ) (611,173 ) (1,367,647 ) Profit before taxes $ 12,136,627 $ 13,677,740 $ 17,426,088
SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT		SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT 2023 2022 Segment investment properties Colombia $ 131,057,446 $ 107,749,342 Peru 127,350,614 105,121,058 Costa Rica 255,764,221 236,166,233 Total $ 514,172,281 $ 449,036,633 Investment properties $ 514,172,281 $ 449,036,633 Reconciling items: Cash and cash equivalents 35,242,363 14,988,112 Due from affiliates 9,463,164 8,798,945 Lease and other receivables, net 3,557,988 2,516,525 Receivable from the sale of investment properties - short term 4,072,391 — Asset held for sale — 2,977,147 Prepaid construction costs 1,123,590 2,317,383 Other current assets 3,443,518 1,708,313 Tenant notes receivables - long term, net 6,002,315 6,796,584 Receivable from the sale of investment properties - long term 4,147,507 — Restricted cash equivalent 2,681,110 3,252,897 Property and equipment, net 354,437 427,719 Deferred tax asset 1,345,859 239,281 Other non-current assets 5,218,787 4,559,330 Total assets $ 590,825,310 $ 497,618,869 Segment long-term debt Colombia $ 47,654,090 $ 55,260,326 Peru 61,260,237 35,662,360 Costa Rica 160,939,908 118,404,089 Total $ 269,854,235 $ 209,326,775 Long-term debt $ 269,854,235 $ 209,326,775 Reconciling items: Accounts payable and accrued expenses 13,127,502 8,591,922 Deposits for the sale of assets — 2,400,000 Income tax payable 2,024,865 663,703 Retainage payable 1,737,805 3,001,433 Other current liabilities 959,539 54,983 Deferred tax liability 37,451,338 37,215,884 Security deposits 1,790,554 1,706,959 Other non-current liabilities 2,936,555 590,740 Total liabilities $ 329,882,393 $ 263,552,399
SCHEDULE OF GEOGRAPHIC AREA INFORMATION		SCHEDULE OF GEOGRAPHIC AREA INFORMATION 2023 2022 Long-lived assets Colombia $ 131,147,272 $ 107,807,334 Peru 127,416,698 105,448,377 Costa Rica 256,000,132 236,471,570 Total $ 514,564,102 $ 449,727,281 Long-lived assets $ 514,564,102 $ 449,727,281

LEASE AND OTHER RECEIVABLES, _2

LEASE AND OTHER RECEIVABLES, NET (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET	As of June 30, 2024 and December 31, 2023, lease and other receivables, net were as follows: SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET June 30, 2024 December 31, 2023 Lease receivables, net $ 2,472,738 $ 2,703,760 Tenant notes receivables - short term, net 850,406 804,749 Others 61,683 49,479 Sub-total 3,384,827 3,557,988 Tenant notes receivable - long term, net 5,565,780 6,002,315 Lease and other receivables, net $ 8,950,607 $ 9,560,303
SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES	The expected credit loss allowance provision for lease receivables and tenant notes receivables as of June 30, 2024 and June 30, 2023 reconciled to the opening loss allowance for that provision as follows: SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES June 30, 2024 June 30, 2023 Lease Tenants Total Lease Tenants Total Beginning balance $ 831,805 $ 114,201 $ 946,006 $ 2,646,337 $ 126,640 $ 2,772,977 Adjustments in loan loss allowance recognized in profit or loss during the period 30,640 (6,559 ) 24,081 (99,377 ) (399 ) (99,776 ) Receivables written-off during the period as uncollectible — — — (1,733,404 ) (5,734 ) (1,739,138 ) Ending balance $ 862,445 $ 107,642 $ 970,087 $ 813,556 $ 120,507 $ 934,063
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET		As of December 31, 2023, and 2022, lease and other receivables, net were as follows: SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET 2023 2022 (a) Lease receivables, net $ 2,703,760 $ 1,644,555 (b) Tenant notes receivables - short term, net 804,749 751,908 Others 49,479 120,062 Sub-total 3,557,988 2,516,525 Tenant notes receivable - long term, net 6,002,315 6,796,584 Lease and other receivables, net $ 9,560,303 $ 9,313,109
SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES		The expected credit loss allowance provision for lease receivables and tenant notes receivables as of December 31, 2023, 2022 and 2021 reconciled to the opening loss allowance for that provision as follows: SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES 2023 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 2,646,337 $ 126,640 $ 2,772,977 Adjustments in loan loss allowance recognized in profit or loss during the year (81,017 ) (6,706 ) (87,723 ) Receivables written-off during the year as uncollectible (1,733,515 ) (5,733 ) (1,739,248 ) Ending balance $ 831,805 $ 114,201 $ 946,006 2022 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 1,294,649 $ 62,089 $ 1,356,738 Adjustments in loan loss allowance recognized in profit or loss during the year 1,406,439 64,551 1,470,990 Receivables written-off during the year as uncollectible (54,751 ) — (54,751 ) Ending balance $ 2,646,337 $ 126,640 $ 2,772,977 2021 Lease Receivables Tenants Notes Receivables Total Beginning balance $ 243,245 $ 51,360 $ 294,605 Balance $ 243,245 $ 51,360 $ 294,605 Adjustments in loan loss allowance recognized in profit or loss during the year 1,051,404 10,729 1,062,133 Receivables written-off during the year as uncollectible — — — Ending balance $ 1,294,649 $ 62,089 $ 1,356,738 Balance $ 1,294,649 $ 62,089 $ 1,356,738
SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES		The gross carrying amount and loss allowance provision for lease receivables was as follows as of December 31, 2023 and 2022: SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES 2023 2022 Gross carrying amount $ 3,535,565 $ 4,290,892 Loss allowance provision (831,805 ) (2,646,337 ) Lease receivables, net $ 2,703,760 $ 1,644,555
SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR TENANT NOTES RECEIVABLES		The gross carrying amount and loss allowance provision for tenant notes receivables as of December 31, 2023 and 2022 was as follows: SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR TENANT NOTES RECEIVABLES 2023 2022 Gross carrying amount - short term $ 818,250 $ 764,523 Loss allowance provision - short term (13,501 ) (12,615 ) Tenant notes receivables - short term, net $ 804,749 $ 751,908 Gross carrying amount - long term 6,103,015 6,910,609 Loss allowance provision - long term (100,700 ) (114,025 ) Tenant notes receivables - long term, net $ 6,002,315 $ 6,796,584

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES	As of June 30, 2024 and December 31, 2023, investment properties were as follows: SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES Fair Market Value (“FMV”) as of FMV as of June 30, December 31, 2024 2023 Land bank: Land bank under right-of-use Peru $ 1,811,991 $ 619,976 Sub-total 1,811,991 619,976 Owned land bank Colombia 23,130,348 24,100,446 Sub-total 23,130,348 24,100,446 Total Land Bank $ 24,942,339 $ 24,720,422 Properties under development: Properties under right-of-use Peru $ 16,510,000 $ 12,260,000 Sub-total 16,510,000 12,260,000 Owned properties Peru — 22,230,781 Costa Rica 15,398,000 10,891,000 Sub-total 15,398,000 33,121,781 Total properties under development $ 31,908,000 $ 45,381,781 Operating Properties Owned properties Colombia $ 105,944,012 $ 106,957,000 Peru 120,971,038 92,239,857 Costa Rica 242,097,133 244,873,221 Sub-total 469,012,183 444,070,078 Total operating properties 469,012,183 444,070,078 Total operating properties and properties under development 500,920,183 489,451,859 Total $ 525,862,522 $ 514,172,281
SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS	Significant Inputs as of June 30, 2024 and December 31, 2023 — SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS Property Fair value hierarchy Valuation techniques Significant unobservable inputs Value Relationship of unobservable inputs to fair value Discounted cash flows Risk adjusted residual capitalization rate 2024: 7.9% 2023: 7.9% The higher the risk adjusted residual rate, the lower the fair value. Operating Properties Level 3 Risk adjusted discount rate 2024: 10.6% 2023: 10.8% The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2024: 98.2% 2023: 98.2% The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2024: 7.8% 2023: 7.9% The higher the stabilized capitalization rate, the lower the fair value Discounted cash flows Risk adjusted residual capitalization rate 2024: 8.1% 2023: 8.1% The higher the risk adjusted residual rate, the lower the fair value. Properties Under Development Level 3 Risk adjusted discount rate 2024: 10.4% 2023: 10.8% The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2024: 96.9% 2023: 97.7% The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2024: 8.1% 2023: 8.0% The higher the stabilized capitalization rate, the lower the fair value Land Bank Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2024: 7.8% 2023: 7.8% The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2024: 11.8% 2023: 11.8% The higher the risk adjusted discount rate, the lower the fair value.
SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY	The reconciliation of investment properties for the six months ended June 30, 2024 and year ended June 30, 2023, were as follows: SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY June 30, 2024 June 30, 2023 Beginning balance $ 514,172,281 $ 449,036,633 Additions 12,661,512 15,046,916 Foreign currency translation effect (10,721,259 ) 16,043,694 Gain on valuation of investment properties 9,749,988 10,276,377 Ending balance $ 525,862,522 $ 490,403,620
SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS	In accordance with the purchase and sale agreement, as of June 30, 2024, the deferred cash payments will be paid to the Company in the upcoming three installments based on the following schedule: SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS Consideration Installment Payment due in August 2024 1,109,454 Installment Payment due in November 2024 1,109,454 Installment Payment due in February 2025 3,883,090 Discount on future payments (350,067 ) Receivables from the sale of investment properties - short term $ 5,751,931
SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS	SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES		As of December 31, 2023, and 2022, the fair market value (“FMV”) of investment properties were as follows: SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES FMV as of FMV as of December 31, December 31, 2023 2022 Land bank: Land bank under right-of-use Peru $ 619,976 $ — Sub-total 619,976 — Owned land bank Colombia 24,100,446 16,394,722 Peru — 7,190,000 Costa Rica — 6,155,000 Sub-total 24,100,446 29,739,722 Total Land Bank $ 24,720,422 $ 29,739,722 Properties under development: Properties under right-of-use Peru $ 12,260,000 $ 614,523 Sub-total 12,260,000 614,523 Owned properties Colombia — 20,708,910 Peru 22,230,781 9,793,481 Costa Rica 10,891,000 35,715,220 Sub-total 33,121,781 66,217,611 Total properties under development $ 45,381,781 $ 66,832,134 Operating Properties Owned properties Colombia $ 106,957,000 $ 70,645,712 Peru 92,239,857 87,523,052 Costa Rica 244,873,221 194,296,013 Sub-total 444,070,078 352,464,777 Total operating properties $ 444,070,078 $ 352,464,777 Total operating properties and properties under development $ 489,451,859 $ 419,296,911 Total $ 514,172,281 $ 449,036,633
SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS		Significant Inputs as of December 31, 2023 and 2022 SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS Property Fair value hierarchy Valuation techniques Significant unobservable inputs Value Relationship of unobservable inputs to fair value Operating Properties Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 7.9 7.8 The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2023: 10.8 10.5 The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2023: 98.2 98.1 The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2023: 7.9 7.5 The higher the stabilized capitalization rate, the lower the fair value Properties Under Development Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 8.1 7.8 The higher the risk adjusted residual rate, the lower the fair value. Risk adjusted discount rate 2023: 10.8 10.4 The higher the risk adjusted discount rate, the lower the fair value. Direct capitalization method Occupancy rate 2023: 97.7 98.8 The higher the occupancy rate, the higher the fair value. Going in stabilized capitalization rate 2023: 8.0 7.8 The higher the stabilized capitalization rate, the lower the fair value Land Bank Level 3 Discounted cash flows Risk adjusted residual capitalization rate 2023: 7.75 7.75 The higher the stabilized capitalization rate, the lower the fair value Risk adjusted discount rate 2023: 11.75 11.25 The higher the risk adjusted discount rate, the lower the fair value.
SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY		The reconciliation of investment properties for the year ended December 31, 2023, 2022 and 2021, were as follows: SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY 2023 2022 2021 Balance at beginning of year $ 449,036,633 $ 428,275,741 $ 364,307,039 Additions 33,704,768 47,774,104 70,082,968 Foreign currency translation effect 28,914,062 (21,265,904 ) (16,361,576 ) Disposal of investment property (17,634,208 ) (9,273,000 ) — Transfer to asset held for sale — — (2,362,817 ) Gain on revaluation of investment property 20,151,026 3,525,692 12,610,127 Balance at end of year $ 514,172,281 $ 449,036,633 $ 428,275,741
SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS		In accordance with the purchase and sale agreement, the deferred cash payments will be paid to the Group in the upcoming five installments based on the following schedule: SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS Consideration 1 st $ 1,204,082 2 nd 1,204,082 3 rd 1,204,082 4 th 1,204,082 5 th 4,214,286 Discount on future payments (810,716 ) Total consideration outstanding, net of discount $ 8,219,898 Receivables from the sale of investment properties - short term 4,072,391 Receivables from the sale of investment properties - long term $ 4,147,507
SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS		SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000
SCHEDULE OF FAIR VALUE SENSITIVITY ANALYSIS		The following table presents a sensitivity analysis to the impact of 10 basis points (“bps”) increase or decrease of the discount rates and exit cap rate and the aggregated impact of these two on fair values of the investment properties - land and buildings representing leased land and buildings valued using the discounted cash flows and direct capitalization method as of December 31, 2023 and 2022: SCHEDULE OF FAIR VALUE SENSITIVITY ANALYSIS 2023 Impact of+10 bps on Impact of+10 bps Impact of+10 bps Building and land (decrease) $ (2,987,585 ) $ (3,356,702 ) $ (6,264,419 ) Impact of-10 bps on Impact of-10 bps Impact of-10 bps Building and land increase $ 2,987,585 $ 3,356,702 $ 6,264,419 2022 Impact of+10 bps on Impact of+10 bps Impact of+10 bps Building and land (decrease) $ (2,697,642 ) $ (2,905,108 ) $ (5,565,415 ) Impact of-10 bps on Impact of-10 bps Impact of-10 bps Building and land increase $ 2,697,642 $ 2,905,108 $ 5,565,415

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS	The detail of other current assets as of the June 30, 2024 and December 31, 2023 were as follows: SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS June 30, 2024 December 31, 2023 Value added tax receivable $ 1,434,913 $ 2,207,983 Prepaid insurance 1,190,240 181,528 Other 651,782 402,082 Total $ 3,276,935 $ 2,791,593
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS		The details of other current assets as of December 31, 2023 and December 31, 2022 were as follows: SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS 2023 2022 Value added tax receivable $ 2,207,983 $ 179,566 Prepaid taxes 651,925 816,138 Other 583,610 712,609 Total $ 3,443,518 $ 1,708,313

LONG TERM DEBT (Tables)

LONG TERM DEBT (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
DisclosureOfLongTermDebtLineItems [Line Items]
SCHEDULE OF LONG TERM DEBT	As of June 30, 2024 and December 31, 2023, the debt of the Company was as follows (all loans are USD denominated, except loans in Colombia are COP denominated): SCHEDULE OF LONG TERM DEBT Financial Type Expiration Annual Interest Rate Restricted Restricted Remaining Amount Amount December 31, Costa Rica (USD denominated) BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024) — — — — 46,908,999 BAC Credomatic, S.A. Mortgage Loan April 2039 3Mo SOFR + 200 bps, no min. rate — — — 59,934,509 — Banco Davivienda Costa Rica, S.A. Mortgage Loan Nov 2038 Year 1:7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps 72,346 — — 7,821,650 7,974,306 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps — — — 65,111,489 65,727,171 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps 480,000 480,000 — 18,113,690 18,285,023 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps — — — 15,022,127 15,164,206 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps 140,485 140,485 — 6,858,951 6,918,421 Total Costa Rica Loans $ 692,831 $ 620,485 $ — $ 172,862,416 $ 160,978,126 Peru (USD denominated) BBVA Peru Tranche 1 Mortgage Loan March 2053 8.50% 1,614,732 — — 47,596,844 48,670,000 BBVA Peru Tranche 2 Mortgage Loan March 2053 8.40% 371,728 — — 10,957,270 11,330,000 BBVA Peru Mortgage Loan July 2024 8.35% 2,000,000 2,000,000 — 2,000,000 2,000,000 Total Peru Loans $ 3,986,460 $ 2,000,000 — $ 60,554,114 $ 62,000,000 Colombia (COP denominated) Bancolombia, S.A. Mortgage Loan January 2036 IBR +327 bps no min. rate — — — 20,988,185 23,087,020 Bancolombia, S.A. Mortgage Loan May 2036 IBR +365 bps no min. rate — — — 16,969,122 18,738,132 BTG Secured Bridge Loan November 2025 IBR +695 bps no min. rate — — — 6,026,943 6,540,992 Total Colombia Loans — — — $ 43,984,250 $ 48,366,144 Total $ 4,679,291 $ 2,620,485 $ — $ 277,400,780 $ 271,344,270 Accrued financing costs 827,501 752,874 Debt issuance costs, net (2,349,802 ) (2,242,909 ) Total Debt $ 275,878,479 $ 269,854,235 Less: Current portion of long-term debt (12,287,698 ) (16,703,098 ) Total Long-term debt $ 263,590,781 $ 253,151,137
SCHEDULE OF LONG-TERM DEBT MATURITIES	SCHEDULE OF LONG-TERM DEBT MATURITIES Mortgage Loan Secured Bridge Loan Total Maturity: Remainder of 2024 $ 6,036,525 $ 1,004,491 $ 7,041,016 2025 8,370,124 5,022,452 13,392,576 2026 8,955,841 — 8,955,841 2027 9,694,303 — 9,694,303 2028 10,416,046 — 10,416,046 2029 11,237,596 — 11,237,596 Thereafter 216,663,402 — 216,663,402 Accrued and deferred financing cost, net (1,328,310 ) (193,991 ) (1,522,301 ) Total $ 270,045,527 $ 5,832,952 $ 275,878,479
SCHEDULE OF COMPONENTS OF FINANCING COST	Financing Cost SCHEDULE OF COMPONENTS OF FINANCING COST 2024 2023 2024 2023 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Gross interest expense $ 5,912,315 $ 5,770,045 $ 11,755,397 $ 11,372,049 Gross commitment fees — 39,027 — 77,805 Amortization of debt issuance cost 49,580 212,398 83,122 508,552 Debt modification gain (208,799 ) — (208,799 ) (121,038 ) Debt extinguishment loss 38,219 6,201,589 38,219 6,201,589 Other financing cost 17,662 14,112 33,540 38,671 Total financing cost before capitalization 5,808,977 12,237,171 11,701,479 18,077,628 Capitalized amounts into investment properties — (102,295 ) (330,123 ) (440,710 ) Net financing cost 5,808,977 12,134,876 11,371,356 17,636,918 Total cash paid for interest and commitment fees $ 5,843,654 $ 5,444,455 $ 11,686,352 $ 11,779,772
SCHEDULE OF RECONCILIATION OF LONG TERM DEBT	SCHEDULE OF RECONCILIATION OF LONG TERM DEBT 2024 2023 Six months ended June 30, 2024 2023 Beginning balance $ 269,854,235 $ 209,326,775 Secured bank debt borrowings 13,091,001 113,971,395 Bridge loan borrowings Secured bank debt repayments (3,250,201 ) (98,400,674 ) Bridge loan repayments Long—term accrued interest Debt issuance cost Borrowing cost incurred — (5,213 ) Transfer to liabilities associated with HFS — (7,775,210 ) Deferred financing cost amortization 83,122 508,552 Debt modification gain (208,799 ) (121,038 ) Debt extinguishment loss 38,219 6,201,589 Foreign currency translation effect (3,729,098 ) 3,965,584 Ending balance $ 275,878,479 $ 227,671,760
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
SCHEDULE OF LONG TERM DEBT		As of December 31, 2023 and 2022, the debt of the Group was as follows (all loans are USD denominated, except loans in Colombia are COP denominated): SCHEDULE OF LONG TERM DEBT Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 Costa Rica (USD denominated) Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo Secured Overnight Financing Rate (“SOFR”) + 435 bps, no min. rate $ — $ 874,210 $ — $ — $ 30,411,676 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 309,814 — — 11,355,244 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 142,244 — — 4,856,716 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 442 bps, no min. rate — 339,900 — — 10,731,686 Banco Davivienda Costa Rica, S.A Mortgage Loan Refinanced 3Mo SOFR + 435 bps, no min. rate — 320,940 — — 3,865,901 Banco Davivienda Costa Rica, S.A. Mortgage Loan Nov, 2038 Year 1: 7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps — — — 7,974,306 — BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 432 bps, no min. rate — — — — 2,218,382 BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 440 bps, no min. rate — — — — 3,034,137 Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 BAC Credomatic, S.A. Mortgage Loan Refinanced US Prime Rate + 110 bps, no min. rate — — — — 972,476 BAC Credomatic, S.A. Mortgage Loan Refinanced 3Mo SOFR + 439 bps, no min. rate — — — — 6,562,983 BAC Credomatic, S.A. Mortgage Loan July 2031 3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024) — — 1,141,001 46,908,999 34,997,899 Banco Promerica de Costa Rica, S.A. Mortgage Loan Refinanced Prime Rate + 275 bps, no min. rate — 2 — — 6,697,365 Banco Nacional de Costa Rica, S.A. Mortgage Loan Refinanced 0-2 years: 6.5%, Thereafter: 290 bps + US Prime Rate, no min. rate — — — — 7,583,783 Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps — — — 65,727,171 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps 480,000 — — 18,285,023 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps — — — 15,164,206 — Banco Nacional de Costa Rica, S.A. Mortgage Loan April 2048 Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps 140,485 — — 6,918,421 — Financial Institution Type Expiration Annual Interest Rate Restricted Cash at December 31, 2023 Restricted Cash at December 31, 2022 Remaining Borrowing Capacity at December 31, 2023 Amount Outstanding at December 31, 2023 Amount Outstanding at December 31, 2022 Total Costa Rica Loans $ 620,485 $ 1,987,110 $ 1,141,001 $ 160,978,126 $ 123,288,248 Peru (USD denominated) International Finance Corporation Tranche 1 Mortgage Loan Refinanced 6Mo SOFR + 425 bps, no min. rate — — — — 21,671,047 International Finance Corporation Tranche 2 Mortgage Loan Refinanced 6Mo SOFR + 525 bps no min. rate — 1,205,162 — 15,009,719 BBVA Peru Tranche 1 Mortgage Loan March 2053 8.50 — — — 48,670,000 — BBVA Peru Tranche 2 Mortgage Loan March 2053 8.40 — — — 11,330,000 — BBVA Peru Mortgage Loan July 2024 8.35 2,000,000 — — 2,000,000 — Total Peru Loans $ 2,000,000 $ 1,205,162 $ $ 62,000,000 $ 36,680,766 Colombia (COP denominated) Bancolombia, S.A. Mortgage Loan January 2036 IBR +327 bps no min. rate — — — 23,087,020 18,688,521 Bancolombia, S.A. Mortgage Loan May 2036 IBR +365 bps no min. rate — — — 18,738,132 15,145,128 BTG Secured Bridge Loan August 2024 IBR +720 bps no min. rate — — — 6,540,992 — ITAÚ Corpbanca Colombia, S.A. Mortgage Loan Paid IBR +447 bps no min. rate — — — — 7,047,004 Total Colombia Loans $ — $ — $ — $ 48,366,144 $ 40,880,653 Panama (USD dominated) Banco BTG Pactual S.A. — Cayman Branch Secured Bridge Loan Paid SOFR + 600 bps, no min rate — — — — 15,000,000 Total Panama Loans $ — $ — $ — $ — $ 15,000,000 Total $ 2,620,485 $ 3,192,272 $ 1,141,001 $ 271,344,270 $ 215,849,667 Accrued financing costs 752,874 2,823,170 Debt issuance costs, net (2,242,909 ) (9,346,062 ) Total debt 269,854,235 209,326,775 Less: Current portion of long-term debt (16,703,098 ) (23,576,982 ) Less: Reclassified to short term due to debt waiver on Banco Davivienda Alajuela I SRL and Bancolombia & ITAÚ loans — (87,366,478 ) Total Long-term debt $ $ 253,151,137 $ 98,383,315
SCHEDULE OF LONG-TERM DEBT MATURITIES		SCHEDULE OF LONG-TERM DEBT MATURITIES Mortgage Loan Secured Bridge Loan Total Maturity: 2024 $ 10,162,104 $ 6,540,992 $ 16,703,096 2025 9,569,893 — 9,569,893 2026 10,215,729 — 10,215,729 2027 11,410,890 — 11,410,890 2028 11,835,657 — 11,835,657 Thereafter 211,609,005 — 211,609,005 Accrued and deferred financing cost, net (1,490,035 ) — (1,490,035 ) Total $ 263,313,243 $ 6,540,992 $ 269,854,235
SCHEDULE OF COMPONENTS OF FINANCING COST		The following table summarizes the components of financing cost including the deferred financial cost amortization for the year ended December 31, 2023, 2022 and 2021: SCHEDULE OF COMPONENTS OF FINANCING COST 2023 2022 2021 Gross interest expense $ 22,557,977 $ 15,568,346 $ 9,506,320 Gross commitment fees 128,410 225,261 286,117 Amortization of debt issuance cost 203,237 1,089,893 659,072 Debt modification gain (143,630 ) (3,775,054 ) — Debt extinguishment loss 8,370,997 — — Other expense 593,623 112,542 238,740 Total financing cost before capitalization 31,710,614 13,220,988 10,690,249 Capitalized amounts into investment properties (599,550 ) (1,454,262 ) (890,691 ) Net financing cost $ 31,111,064 $ 11,766,726 $ 9,799,558 Total cash paid for interest and commitment fees $ 24,862,976 $ 14,505,955 $ 9,391,336
SCHEDULE OF RECONCILIATION OF LONG TERM DEBT		SCHEDULE OF RECONCILIATION OF LONG TERM DEBT 2023 2022 Beginning balance $ 209,326,775 $ 188,719,114 Secured bank debt borrowings 199,135,651 44,217,867 Bridge loan borrowings 6,540,992 — Secured bank debt repayments (152,416,321 ) (13,335,183 ) Bridge loan repayments (66,040 ) — Long—term accrued interest — (9,733 ) Debt issuance cost (814,661 ) (41,550 ) Deferred financing cost amortization 184,423 1,037,824 Debt extinguishment loss 8,370,997 — Debt modification gain (143,630 ) (3,775,054 ) Foreign currency translation effect (263,951 ) (7,486,510 ) Ending balance $ 269,854,235 $ 209,326,775
SCHEDULE OF WEIGHTED AVERAGE NET EFFECTIVE INTEREST RATE		SCHEDULE OF WEIGHTED AVERAGE NET EFFECTIVE INTEREST RATE 2023 2022 Weighted Average Interest Rate (1) Amount Outstanding Weighted Average Interest Rate (1) Amount Outstanding Mortgage Loan 8.5% $ 264,803,278 9.2% $ 200,849,667 Bridge Loan 20.2% 6,540,992 10.7% 15,000,000 Total 8.8% $ 271,344,270 9.3% $ 215,849,667 (1) The interest rate presented represent the effective interest rate (including debt issuance costs) at the end of the year for the debt outstanding.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE	The calculated basic and diluted earnings (loss) per share for the three and six months ended June 30, 2024 and 2023, were as follows: SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Earnings (loss) per share – basic $ 0.31 $ (0.17 ) $ (1.26 ) $ 0.09 Earnings (loss) per share - diluted $ 0.31 $ (0.17 ) $ (1.26 ) $ 0.09 Net earnings (loss) attributed to owner(s) of the Company $ 9,907,633 $ (4,762,860 ) $ (38,123,976 ) $ 2,628,360 Weighted average number of shares – basic 31,709,747 28,600,000 30,223,220 28,600,000 Weighted average effect of dilutive securities: RSUs 153,421 — — — Weighted average number of shares – diluted 31,863,168 28,600,000 30,223,220 28,600,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE		The calculated basic and diluted earnings per share for the year ended December 31, 2023, 2022 and 2021, were the same, as follows: SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE 2023 2022 2021 Earnings per share – basic and diluted $ 0.11 $ 0.28 $ 0.14 Net earnings attributed to owners of the Group $ 3,139,333 $ 8,028,610 $ 4,126,505 Weighted average number of shares – basic and diluted 28,600,000 28,600,000 28,600,000

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF EMPLOYEE BENEFITS	Employee benefits are recognized in general and administrative expense in the condensed consolidated interim statements of profit or loss and other comprehensive income (loss), and for the three and six months ended June 30, 2024 and 2023, consisted of the following: SCHEDULE OF EMPLOYEE BENEFITS Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Short-term employee benefits $ 2,438,663 $ 688,925 $ 3,530,427 $ 1,360,248
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF EMPLOYEE BENEFITS		SCHEDULE OF EMPLOYEE BENEFITS 2023 2022 2021 Short-term employee benefits $ 2,961,866 $ 2,126,750 $ 3,019,824 Severances 17,506 247,860 22,329 Total $ 2,979,372 $ 2,374,610 $ 3,042,153

SHARE-BASED PAYMENTS (Tables)

SHARE-BASED PAYMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]
SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING	Details of the RSUs outstanding during the period are as follows: SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING Number of RSUs Non-vested at December 31, 2023 — Granted 416,500 (a) Vested (97,500 ) Forfeited — Non-vested at June 30, 2024 319,000 (a) Director Transaction and Retention RSUs – 97,500

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES	The amounts disclosed in the table represent the amounts recognized in general and administrative expense on the condensed consolidated interim statements of profit or loss and other comprehensive income (loss) related to key management personnel for the three and six months ended June 30, 2024 and 2023. SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Salaries $ 391,165 $ 202,673 $ 590,486 $ 387,781 Cash performance bonus 248,076 113,600 374,445 232,697 Statutory bonus 14,829 9,736 27,921 24,771 One-time cash bonus related to Business Combination (refer to Note 3) — — 226,000 — Non-executive director’s fees 176,484 41,500 229,290 41,500 Non-cash benefits 9,723 7,480 18,207 14,861 Severance benefits - - - - Share-based payment expense 1,140,218 — 1,140,218 — Total $ 1,980,495 $ 374,989 $ 2,606,567 $ 701,610
SCHEDULE OF LOAN RECEIVABLE	As of June 30, 2024 and December 31, 2023, the loan receivable from affiliates balances outstanding were as follows: SCHEDULE OF LOAN RECEIVABLE June 30, 2024 December 31, 2023 Interest receivable: Latam Logistics Investments, LLC $ — $ 2,324,041 Interest receivable $ — $ 2,324,041 Loan receivable: Latam Logistics Investments, LLC — 7,139,123 Loan receivable — 7,139,123 Total due from affiliates $ — $ 9,463,164
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES		The amounts disclosed in the table represent the amounts recognized as general and administrative expenses in the consolidated statements of profit or loss and comprehensive income (loss), related to key management personnel for the years ended December 31, 2023, 2022 and 2021. SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 2023 2022 2021 Salaries $ 772,793 $ 835,448 $ 827,412 Statutory bonus 52,284 104,956 93,168 Cash performance bonus 576,148 — 346,118 Non-executive director’s fees 125,329 90,000 57,000 Non-cash benefits 4,783 4,587 4,962 Severance benefits — 224,593 — Total $ 1,531,337 $ 1,259,584 $ 1,328,660
SCHEDULE OF LOAN RECEIVABLE		SCHEDULE OF LOAN RECEIVABLE 2023 2022 Interest receivable: Latam Logistics Investments, LLC $ 2,324,041 $ 1,848,945 Interest receivable $ 2,324,041 $ 1,848,945 Notes receivable: Latam Logistics Investments, LLC 7,139,123 6,950,000 Notes receivable 7,139,123 6,950,000 Total due from affiliates $ 9,463,164 $ 8,798,945

FINANCIAL RISK MANAGEMENT (Tabl

FINANCIAL RISK MANAGEMENT (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES	SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES June 30, 2024 On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses $ 1,224,663 $ 3,104,396 $ 6,215,568 $ — $ — $ 10,544,627 Lease liability 68,837 84,502 255,966 1,157,129 6,567,504 8,133,938 Income tax payable — 481,972 1,278,513 — — 1,760,485 Retainage payable — — 1,558,684 — — 1,558,684 Security deposits 195,000 92,727 48,074 2,164,476 — 2,500,277 Long and short-term debt — 4,491,594 7,773,656 42,772,305 222,363,225 277,400,780 Total $ 1,488,500 $ 8,255,191 $ 17,130,461 $ 46,093,910 $ 228,930,729 $ 301,898,791 December 31, 2023 On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses $ 764,016 $ 4,472,279 $ 7,891,207 — $ — $ 13,127,502 Lease liability 8,530 33,060 238,423 1,199,059 6,703,328 8,182,400 Income tax payable — 2,024,865 — — — 2,024,865 Retainage payable — 155,207 1,582,598 — — 1,737,805 Security deposits — 83,234 287,727 1,790,554 — 2,161,515 Long and short-term debt — 1,624,415 15,078,681 43,032,169 211,609,005 271,344,270 Total $ 772,546 $ 8,393,060 $ 25,078,636 $ 46,021,782 $ 218,312,333 $ 298,578,357
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES		SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES December 31, 2023 Notes On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses 14 $ 764,016 $ 4,472,279 $ 7,891,207 — $ — $ 13,127,502 Lease liability 15 8,530 33,060 238,423 1,199,059 6,703,328 8,182,400 Income tax payable 20 — 2,024,865 — — — 2,024,865 Retainage payable — 155,207 1,582,598 — — 1,737,805 Security deposits — 83,234 287,727 1,790,554 — 2,161,515 Deposit for the asset held for sale Long and short-term debt 16 — 1,624,415 15,078,681 43,032,169 211,609,005 271,344,270 Total $ 772,546 $ 8,393,060 $ 25,078,636 $ 46,021,782 $ 218,312,333 $ 298,578,357 December 31, 2022 Notes On demand Less than 3 months 3 to 12 months 1 to 5 years Thereafter Total Accounts payable and accrued expenses 14 $ 382,317 $ 6,899,250 $ 1,310,355 $ — $ — $ 8,591,922 Lease liability 15 — 15,637 47,085 96,954 — 159,676 Income tax payable 20 — 663,703 — — — 663,703 Retainage payable — 302,066 2,699,367 — — 3,001,433 Security deposits — — — 1,706,959 — 1,706,959 Deposit for the asset held for sale 13 — — 2,400,000 — — 2,400,000 Long and short-term debt 16 87,906,445 5,888,900 17,666,699 29,632,991 74,754,632 215,849,667 Total $ 88,288,762 $ 13,769,556 $ 24,123,506 $ 31,436,904 $ 74,754,632 $ 232,373,360
SCHEDULE OF FINANCIAL ASSETS		SCHEDULE OF FINANCIAL ASSETS Notes 2023 2022 Cash and cash equivalents 8 $ 35,242,363 $ 14,988,112 Receivables from the sale of investment properties 12 9,030,614 — Lease and other receivables 9 10,506,310 9,313,109 Due from affiliates 22 9,463,164 8,798,945 Restricted cash equivalent 8 2,681,110 3,252,897 Total financial assets $ 66,923,561 $ 36,353,063
SCHEDULE OF FOREIGN CURRENCY EXCHANGE		The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the end of the reporting period are as follows: SCHEDULE OF FOREIGN CURRENCY EXCHANGE Monetary assets and liabilities denominated in: CRC PEN Total (in USD) As of December 31, 2023 Monetary assets and liabilities denominated in: CRC PEN Total Cash and cash equivalents $ 6,599 $ 479,057 $ 485,656 Lease and other receivables, net 60,248 135,275 195,523 Other current and non-current assets 3,150,470 3,694,802 6,845,272 Sub-total 3,217,317 4,309,134 7,526,451 Accounts payable and accrued expenses 2,569,080 1,658,228 4,227,308 Sub-total 2,569,080 1,658,228 4,227,308 Net $ 648,237 $ 2,650,906 $ 3,299,143 Monetary assets and liabilities denominated in: CRC PEN Total (in USD) As of December 31, 2022 Monetary assets and liabilities denominated in: CRC PEN Total Cash and cash equivalents $ 15,287 $ 237,240 $ 252,527 Lease and other receivables, net 33,017 104,889 137,906 Other current and non-current assets 1,716,789 2,306,510 4,023,299 Sub-total 1,765,093 2,648,639 4,413,732 Accounts payable and accrued expenses 181,451 179,676 361,127 Sub-total 181,451 179,676 361,127 Net $ 1,583,642 $ 2,468,963 $ 4,052,605
SCHEDULE OF SENSITIVITY ANALYSIS		SCHEDULE OF SENSITIVITY ANALYSIS For the year ended December 31, 2023 Strengthening Weakening Profit or Loss $ 329,914 $ (329,914 ) Equity $ 8,868,986 $ (8,868,986 ) For the year ended December 31, 2022 Strengthening Weakening Profit or Loss $ 405,261 $ (405,261 ) Equity $ 4,941,161 $ (4,941,161 ) For the year ended December 31, 2021 Strengthening Weakening Profit or Loss $ 508,411 $ (508,411 ) Equity $ 6,191,813 $ (6,191,813 )
SCHEDULE OF SENSITIVITY ANALYSIS OF LONG-TERM DEBT		SCHEDULE OF SENSITIVITY ANALYSIS OF LONG-TERM DEBT Long-term Debt 1% 2% Increase in Interest rate $ 207,854,235 $ (2,078,542 ) $ (4,157,085 ) Decrease in Interest rate 207,854,235 2,078,542 4,157,085 Long-term Debt 1% 2% Increase in Interest rate $ 209,326,775 $ (2,093,268 ) $ (4,186,536 ) Decrease in Interest rate 209,326,775 2,093,268 4,186,536

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
SCHEDULE OF CASH AND CASH EQUIVALENTS	Cash and cash equivalents were as follows as of December 31, 2023, and 2022: SCHEDULE OF CASH AND CASH EQUIVALENTS (in USD) 2023 2022 Bank accounts: In COP $ 1,445,179 $ 1,117,352 In CRC 6,599 15,287 In PEN 479,057 237,240 In USD 33,311,528 13,618,233 Total $ 35,242,363 $ 14,988,112

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF PROPERTY AND EQUIPMENT, NET	Property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. As of December 31, 2023, and 2022, the Group’s property and equipment, net were as follows: SCHEDULE OF PROPERTY AND EQUIPMENT, NET Vehicles Furniture and Office Equipment Computer Equipment Leasehold Improvements Total Gross assets: Balance as of January 1, 2022 $ 16,022 $ 354,437 $ 192,418 $ 375,878 $ 938,755 Additions 4,103 20,734 38,122 25,528 88,487 Retirements — (4,174 ) (1,366 ) (152,390 ) (157,930 ) Foreign currency translation effect — (10,030 ) (3,286 ) 6,909 (6,407 ) Balance as of December 31, 2022 $ 20,125 $ 360,967 $ 225,888 $ 255,925 $ 862,905 Additions 18,235 27,704 6,478 74,059 126,476 Retirements (1,000 ) (36,296 ) (251 ) (182,033 ) (219,580 ) Foreign currency translation effect — 12,383 5,912 1,864 20,159 Balance as of December 31, 2023 $ 37,360 $ 364,758 $ 238,027 $ 149,815 $ 789,960 Accumulated depreciation: Balance as of January 1, 2022 $ 6,370 $ 128,216 $ 87,206 $ 214,219 $ 436,011 Additions 2,458 50,955 31,454 39,420 124,287 Retirements — (2,217 ) (524 ) (123,475 ) (126,216 ) Foreign currency translation effect — (4,255 ) (1,861 ) 7,220 1,104 Balance as of December 31, 2022 $ 8,828 $ 172,699 $ 116,275 $ 137,384 $ 435,186 Balance as of December 31 $ 8,828 $ 172,699 $ 116,275 $ 137,384 $ 435,186 Additions 3,689 49,188 34,866 19,486 107,229 Retirements (100 ) (20,856 ) (11 ) (95,904 ) (116,871 ) Foreign currency translation effect — 6,205 3,152 622 9,979 Balance as of December 31, 2023 $ 12,417 $ 207,236 $ 154,282 $ 61,588 $ 435,523 Balance as of December 31 $ 12,417 $ 207,236 $ 154,282 $ 61,588 $ 435,523 Net book value as of December 31, 2022 $ 11,297 $ 188,268 $ 109,613 $ 118,541 $ 427,719 Net book value as of December 31, 2023 $ 24,943 $ 157,522 $ 83,745 $ 88,227 $ 354,437

ASSET HELD FOR SALE (Tables)

ASSET HELD FOR SALE (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS	SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS		SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS Amount 1st Installment Payment $ 1,200,000 Upon the signing of the Purchase and Sale Agreement. 2 nd 1,200,000 Upon conclusion of land infrastructure work. 3 rd 1,600,000 Upon title transfer of the property to the buyer. $ 4,000,000

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES	Accounts payable and accrued expenses as of December 31, 2023 and 2022 were as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2023 2022 Trade payables $ 6,276,451 $ 1,875,979 Accrued interest 752,874 2,650,535 Accrued development cost 1,308,567 2,411,190 Accrued employee benefits and related obligations 976,268 307,673 Accrued professional service fees 3,007,558 268,939 Other accrued expenses 805,784 1,077,606 Total $ 13,127,502 $ 8,591,922

LEASES (Tables)

LEASES (Tables) - Latam Logistic Properties SA [member]	12 Months Ended
	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF ORIGINAL LEASE TERMS AND REMAINING LEASE TERMS	Offices ROU assets are amortized using the straight-line method over the term of the operating lease. Original lease terms and remaining lease terms of the corporate offices operating leases were as follows: SCHEDULE OF ORIGINAL LEASE TERMS AND REMAINING LEASE TERMS Office Location Original Remaining Term as of December 31, 2023 (in years) (in years) Costa Rica 2.9 2.2 Colombia 3.8 2.1 Weighted average 3.3 2.2
SCHEDULE OF RIGHT-OF-USE ASSETS, INCLUDED IN OTHER NON-CURRENT ASSETS	As of December 31, 2023 and 2022, the Group’s office right-of-use assets, included in other non-current assets, were as follows: SCHEDULE OF RIGHT-OF-USE ASSETS, INCLUDED IN OTHER NON-CURRENT ASSETS Total Gross assets: Balance as of January 1, 2022 $ 452,460 Additions 148,326 Retirements (112,740 ) Foreign currency translation effect (30,321 ) Balance as of December 31, 2022 $ 457,725 Additions 115,100 Retirements (339,721 ) Foreign currency translation effect 30,509 Balance as of December 31, 2023 $ 263,613 Accumulated depreciation: Balance as of January 1, 2022 $ 317,337 Additions to accumulated depreciation 104,198 Retirements (111,688 ) Foreign currency translation effect 17,476 Balance as of December 31, 2022 $ 327,323 Balance as of December 31 $ 327,323 Additions to accumulated depreciation 60,666 Additions 60,666 Retirements (311,951 ) Foreign currency translation effect 8,115 Balance as of December 31, 2023 $ 84,153 Balance as of December 31 $ 84,153 Net book value as of December 31, 2022 $ 130,402 Net book value as of December 31, 2023 $ 179,460
SCHEDULE OF LEASE COMMITMENT FUTURE MINIMUM RENTAL PAYMENTS	Lease commitment for office and land leases - SCHEDULE OF LEASE COMMITMENT FUTURE MINIMUM RENTAL PAYMENTS As of December 31, 2023 2024 $ 271,483 2025 346,403 2026 315,639 2027 268,064 2028 268,953 Thereafter 6,711,858 Total undiscounted rental payments $ 8,182,400 Less: imputed interest (5,006,996 ) Total lease liability $ 3,175,404

NON_CONTROLLING INTERESTS (Tabl

NON—CONTROLLING INTERESTS (Tables) - Latam Logistic Properties SA [member]	12 Months Ended
	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF GROUP OWNERSHIPS PERCENTAGE AND NON CONTROLLING INTERESTS	The following table summarizes the Group ownerships percentage and NCI as of December 31, 2023 and 2022. Each NCI partnership in the following table corresponds to multiple entities in Note 2 (e). SCHEDULE OF GROUP OWNERSHIPS PERCENTAGE AND NON CONTROLLING INTERESTS Ownership Percentage NCI Entity Country December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Latam Parque Logistico Coyol II Costa Rica 50.0% 50.0% $ 4,818,254 $ 8,885,098 Latam Parque Logistico San José — Verbena Costa Rica 23.6% 23.6% 27,971,004 23,567,619 Parque Logístico Callao Peru 40.0% 50.0% 5,827,257 799,748 Total $ 38,616,515 $ 33,252,465
SCHEDULE OF PARTNERSHIP ENTITIES PAID DISTRIBUTION TO NON-CONTROLLING INVESTEE PARTNERS	During the years ended December 31, 2023 and 2022, the partnership entities paid distribution to the NCI partners as follows: SCHEDULE OF PARTNERSHIP ENTITIES PAID DISTRIBUTION TO NON-CONTROLLING INVESTEE PARTNERS 2023 2022 2021 Latam Parque Logístico Coyol II $ 3,675,054 $ 350,000 $ 250,000 Latam Parque Logístico San José —Verbena 847,882 754,231 774,747 Latam Lagunilla Industrial Park — 963,572 — Total distributions paid to non—controlling partners $ 4,522,936 $ 2,067,803 $ 1,024,747
SCHEDULE OF NON-CONTROLLING PARTNERSHIP ENTITIES TOTAL ASSETS AND TOTAL LIABILITIES	Summarized financial information of non-controlling partnership entities’ total assets and total liabilities as of December 31, 2023 and 2022 was as follows: SCHEDULE OF NON-CONTROLLING PARTNERSHIP ENTITIES TOTAL ASSETS AND TOTAL LIABILITIES Latam Parque Logistico Coyol II Latam Parque Logístico Parque Logistico Callao As of December 31, 2023 Latam Parque Logistico Coyol II Latam Parque Logístico San José —Verbena Parque Logistico Callao ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,301,121 1,666,657 25,267 Lease and other receivables, net 34,021 7,326,802 2,023,086 Other current assets 37,932 843,894 274,592 Prepaid construction NON-CURRENT ASSETS: Investment properties 29,708,000 80,878,055 12,879,976 Asset held for sale Property and equipment, net — 25,613 4,108 Deferred tax asset — — 688,485 Restricted cash equivalent 480,000 — — Other non-current assets Total assets $ 31,561,074 90,741,021 15,895,514 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 229,988 3,027,672 3,148,102 Deposits for the sale of assets Due to affiliates — 15,269 — Other current liabilities — — 325,811 NON-CURRENT LIABILITIES: Long—term debt 18,285,023 44,926,842 — Security deposits 195,000 336,145 51,394 Other non-current liabilities — — 2,800,943 Deferred tax liability 3,214,523 5,863,957 — Total liabilities $ 21,924,534 54,169,885 6,326,250 EQUITY: Equity attributable to owners of the Group $ 4,818,286 8,600,132 3,742,007 Non—controlling interests $ 4,818,254 27,971,004 5,827,257 Latam Parque Logistico Coyol II Latam Parque Logístico Parque Logistico Callao December 31, 2022 Latam Parque Logistico Coyol II Latam Parque Logístico San José —Verbena Parque Logistico Callao ASSETS CURRENT ASSETS: Cash and cash equivalents $ 896,623 $ 484,230 $ 1,084,155 Lease and other receivables, net 15,587 6,406,948 87,168 Other current assets 17,695 16,126 — Prepaid construction — 1,020,664 86,693 NON-CURRENT ASSETS: Investment properties 30,613,000 63,278,220 386,525 Asset held for sale — 2,996,471 — Property and equipment, net — 3,795 — Deferred tax asset — — 34,639 Restricted cash equivalent 339,900 — — Other non-current assets — 587,064 — Total assets $ 31,882,805 $ 74,793,518 $ 1,679,180 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 315,637 $ 1,874,696 $ 28,290 Deposits for the sale of assets — 2,400,000 — NON-CURRENT LIABILITIES: Long—term debt 9,780,656 34,947,249 — Security deposits 195,000 196,755 51,394 Deferred tax liability 3,821,316 4,511,336 — Total liabilities $ 14,112,609 $ 43,930,036 $ 79,684 EQUITY: Equity attributable to owners of the Group 8,885,098 $ 7,295,863 $ 799,748 Non—controlling interests 8,885,098 $ 23,567,619 $ 799,748
SCHEDULE OF NET EARNINGS ATTRIBUTABLE TO NON-CONTROLLING PARTNERSHIP	For the years ended December 31, 2023, 2022 and 2021, net earnings attributable to NCI were as follows: SCHEDULE OF NET EARNINGS ATTRIBUTABLE TO NON-CONTROLLING PARTNERSHIP 2023 2022 2021 Net earnings (loss) attributable to non-controlling interests Latam Parque Logistico Coyol II $ (215,926 ) $ 1,358,675 $ 130,433 Latam Parque Logistico San Jose - Verbena 4,682,615 2,177,996 4,323,820 Latam Lagunilla Industrial Park — (111,583 ) 111,583 Parque Logístico Callao (450,017 ) (12,465 ) (22,956 ) Total $ 4,016,672 $ 3,412,623 $ 4,542,880 Net earnings (loss) attributable to non-controlling interests $ 4,016,672 $ 3,412,623 $ 4,542,880
SCHEDULE OF INCOME TAX FROM CONTINUED OPERATIONS	For the years ended December 31, 2023, 2022 and 2021, income tax from continued operations was as follows: SCHEDULE OF INCOME TAX FROM CONTINUED OPERATIONS 2023 2022 2021 Current income tax expense $ 6,209,629 $ 1,044,399 $ 175,631 Deferred income tax (benefit) expense (1,229,007 ) 1,192,108 8,581,072 Tax expense $ 4,980,622 $ 2,236,507 $ 8,756,703
SCHEDULE OF EFFECTIVE INCOME TAX EXPENSES	Reconciliations of income taxes from the Costa Rica national statutory rate of 30 SCHEDULE OF EFFECTIVE INCOME TAX EXPENSES 2023 2022 2021 Net profit before taxes $ 12,136,627 $ 13,677,740 $ 17,426,088 Income tax expense calculated at Costa Rica statutory tax rate of 30 3,640,988 4,103,322 5,227,826 Foreign rate differential 1,442,871 61,500 551,388 Tax attributable to exchange gain/loss (3,048,684 ) (1,882,252 ) 2,056,492 Change in unrecognized deferred tax assets (648,037 ) (238,549 ) 1,039,818 Withholding tax 2,750,903 — — Alternative minimum tax 1,161,583 — — Other (319,002 ) 192,486 (118,821 ) Tax expense $ 4,980,622 $ 2,236,507 $ 8,756,703
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES	Details of the Group’s deferred tax assets and liabilities are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2023 2022 Deferred Tax Assets Net operating loss and tax credit carryforwards $ 2,428,097 $ 1,035,315 Allowance for uncollectible accounts 261,877 816,340 Other accruals 480,299 130,407 Fixed assets 133,781 191,031 Employee benefits 209,820 209,535 Office rent liability 65,656 47,845 Deferred debt interest 741,560 — Other 7,691 26,929 Total deferred tax assets $ 4,328,781 $ 2,457,402 2023 2022 Deferred tax liabilities: Investment properties unrealized gain $ (36,507,341 ) $ (36,806,923 ) Prepaid and other assets (141,469 ) (96,537 ) Deferred financing cost (3,698,940 ) (2,388,299 ) Right-of-use asset (86,510 ) (142,246 ) Total deferred tax liabilities $ (40,434,260 ) $ (39,434,005 ) Net deferred tax liability $ (36,105,479 ) $ (36,976,603 )

SCHEDULE OF FOREIGN CURRENCY EX

SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE (Details)	3 Months Ended						6 Months Ended						12 Months Ended
	Jun. 30, 2024 COP ($)	Jun. 30, 2024 COP ($) CRC (₡)	Jun. 30, 2024 COP ($) PEN (S/)	Jun. 30, 2023 COP ($)	Jun. 30, 2023 COP ($) CRC (₡)	Jun. 30, 2023 COP ($) PEN (S/)	Jun. 30, 2024 COP ($)	Jun. 30, 2024 COP ($) CRC (₡)	Jun. 30, 2024 COP ($) PEN (S/)	Jun. 30, 2023 COP ($)	Jun. 30, 2023 COP ($) CRC (₡)	Jun. 30, 2023 COP ($) PEN (S/)	Dec. 31, 2023 COP ($)	Dec. 31, 2023 COP ($) CRC (₡)	Dec. 31, 2023 COP ($) PEN (S/)	Dec. 31, 2022 COP ($)	Dec. 31, 2022 COP ($) CRC (₡)	Dec. 31, 2022 COP ($) PEN (S/)	Dec. 31, 2021 COP ($)	Dec. 31, 2021 CRC (₡)	Dec. 31, 2021 PEN (S/)	Jun. 30, 2024 CRC (₡)	Jun. 30, 2024 PEN (S/)	Dec. 31, 2023 CRC (₡)	Dec. 31, 2023 PEN (S/)	Jun. 30, 2023 CRC (₡)	Jun. 30, 2023 PEN (S/)	Dec. 31, 2022 CRC (₡)	Dec. 31, 2022 PEN (S/)
IfrsStatementLineItems [Line Items]
Sell exchange rate	4,148	4,148	4,148	4,191	4,191	4,191	4,148	4,148	4,148	4,191	4,191	4,191										530	3.84			549	3.64
Average foreign exchange rate	3,926	516	3.75	4,415	544	3.71	3,920	517	3.75	4,587	556	3.76
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sell exchange rate													3,822	3,822	3,822	4,810	4,810	4,810						527	3.713			602	3.820
Average foreign exchange rate													4,321	547	3.747	4,255	651	3.840	4,743	624	3.885

SCHEDULE OF SUBSIDIARIES (Detai

SCHEDULE OF SUBSIDIARIES (Details)		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%
Two [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%
Latam Logistic Property Holdings LLC [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Property Holdings LLC [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
LPA Corporate Services Inc. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%
Latam Logistic COL HoldCo I, S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic COL HoldCo I, S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic CR HoldCo I, S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic CR HoldCo I, S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan HoldCo S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Pan HoldCo S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan Holdco El Coyol II S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		50%	50%
Non-controlling interest		50%	50%
Latam Logistic Pan Holdco El Coyol II S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			50%	50%
Non-controlling interest			50%	50%
Latam Logistic Pan Holdco Cedis Rurales S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Pan Holdco Cedis Rurales S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan HoldCo San Joaquin I S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Pan HoldCo San Joaquin I S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan Holdco Verbena I S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[1]	47.60%	47.60%
Non-controlling interest	[1]	52.40%	52.40%
Latam Logistic Pan Holdco Verbena I S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[2]		47.60%	47.60%
Non-controlling interest	[2]		52.40%	52.40%
Latam Logistic Pan Holdco Verbena II S, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[3]	47.60%	47.60%
Non-controlling interest	[3]	52.40%	52.40%
Latam Logistic Pan Holdco Verbena II S, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[4]		47.60%	47.60%
Non-controlling interest	[4]		52.40%	52.40%
Logistic Property Asset Management S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[5]	100%	100%
Latam Logistic Pan Holdco Verbena Fase II S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[6]	100%	100%
Latam Logistic Pan Holdco Medellin I, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Pan Holdco Medellin I, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
LatAm Logistic Pan HoldCo Bodegas los Llanos, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic PER OpCo, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic PER OpCo, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic PER PropCo Lurin I, S. de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic PER PropCo Lurin I, S. de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic PER PropCo Lurin II, S. de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic PER PropCo Lurin II, S. de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic PER PropCo Lurin III, S. de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic PER PropCo Lurin III, S. de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Parque Logistico Callao, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		40%	40%
Non-controlling interest		60%	60%
Parque Logistico Callao, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			40%	50%
Non-controlling interest			60%	50%
Latam Logistic COL OpCo, S.A. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[7]	100%	100%
Latam Logistic COL OpCo, S.A. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest	[8]		100%	100%
Latam Logistic COL PropCo Cota I, S.A.S. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic COL PropCo Cota I, S.A.S. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic CR OpCo, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic CR OpCo, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic CR PropCo Alajuela I, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic CR PropCo Alajuela I, S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Propco El Coyol Dos S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		50%	50%
Non-controlling interest		50%	50%
Latam Propco El Coyol Dos S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			50%	50%
Non-controlling interest			50%	50%
Latam Logistic Propco Bodegas San Joaquin S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Propco Bodegas San Joaquin S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic Propco Cedis Rurales Costa Rica S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
3101784433, S.R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		23.60%	23.60%
Non-controlling interest		76.40%	76.40%
Latam Logistic PropCo Bodegas los Llanos S de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic PropCo Bodegas los Llanos S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic CR Zona Franca, S. de R.L. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistic CR Zona Franca, S. de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistics SLV OpCo S.A. de C.V. [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest		100%	100%
Latam Logistics SLV OpCo S.A. de C.V. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan Holdco Santiago I, S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
Latam Logistic Pan Holdco Santo Domingo, S de R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			100%	100%
S.R.L. [member] | Latam Logistic Properties SA [member]
DisclosureofMaterialAccountingPolicyInformationLineItems [Line Items]
Ownership interest			23.60%	23.60%
Non-controlling interest			76.40%	76.40%
[1]Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L.[2]Formerly known as Latam Logistic Propco Pedregal Panamá S de R.L.[3]Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L.[4]Formerly known as Latam Logistic Pan Holdco Pedregal Panamá S de R.L.[5]Formerly known as Latam Logistic Pan Holdco Santiago I, S de R.L.[6]Formerly known as Latam Logistic Pan Holdco Santo Domingo, S de R.L.[7]Formerly known as Latam Logistic COL OpCo, S.A.S.[8]Formerly known as Latam Logistic COL OpCo, S.A.S.

MATERIAL ACCOUNTING POLICY IN_4

MATERIAL ACCOUNTING POLICY INFORMATION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Outstanding loan	$ 38,000,000		$ 38,000,000		$ 1,600,000
Investment properties	525,862,522	$ 490,403,620	525,862,522	$ 490,403,620	514,172,281	$ 449,036,633
Revenue	10,986,936	$ 9,989,772	21,470,398	$ 19,239,758
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Outstanding loan					41,800,000	1,100,000
Investment properties					514,172,281	449,036,633	$ 428,275,741	$ 364,307,039
Revenue					39,436,343	31,983,567	$ 25,596,073
Allowance for expected credit losses					$ 946,006	$ 2,772,977
Latam Logistic Properties SA [member] | No individual [member]
IfrsStatementLineItems [Line Items]
Concentration of credit risk					10%	10%	10%
Colombia country [member]
IfrsStatementLineItems [Line Items]
Investment properties	$ 88,800,000		88,800,000		$ 90,300,000
Revenue			$ 4,400,000
Revenue percentage			20.30%
Colombia country [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment properties					90,300,000	$ 67,500,000
Revenue					$ 8,000,000
Revenue percentage					20.40%

SCHEDULE OF BUSINESS COMBINATIO

SCHEDULE OF BUSINESS COMBINATION OWNERSHIP STRUCTURE (Details) - shares	Mar. 27, 2024	Jun. 30, 2024
IfrsStatementLineItems [Line Items]
Number of Ordinary Shares	31,709,747	911,885
Ownership percentage	100%
TWOA shareholders [member]
IfrsStatementLineItems [Line Items]
Number of Ordinary Shares	3,897,747
Ownership percentage	12.30%
Legacy LLP equity holders [member]
IfrsStatementLineItems [Line Items]
Number of Ordinary Shares	26,312,000
Ownership percentage	83%
PIPE investor [member]
IfrsStatementLineItems [Line Items]
Number of Ordinary Shares	1,500,000
Ownership percentage	4.70%

SCHEDULE OF PROCEEDS FROM BUSIN

SCHEDULE OF PROCEEDS FROM BUSINESS COMBINATION NET OF TRANSACTION COSTS PAID (Details)	Mar. 27, 2024 USD ($)
Reverse Capitalization
Proceeds from PIPE Investor	$ 15,000,000
Proceeds from TWOA trust	1,121,150
Transaction costs paid	(7,947,031)
Proceeds from Business Combination, net of transaction costs paid	$ 8,174,119

SCHEDULE OF FAIR VALUE OF EQUIT

SCHEDULE OF FAIR VALUE OF EQUITY INTERESTS MEASURED AT CLOSING MARKET PRICE (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Reverse Capitalization
Fair value of TWOA public shares (103,813 shares at $10.70) (A)		$ 1,110,799
Fair value of TWOA sponsor shares (3,793,934 shares at $10.70) (B)		40,595,094
I: Total deemed fair value of consideration issued to TWOA shareholders: (A+B)		41,705,893
Cash and cash equivalents	$ 48,173,742	1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Accounts payable		(3,884,870)
II: Net liabilities of TWOA	$ (1,922,342)	(2,763,720)
Total share listing expense (I-II)		$ 44,469,613

SCHEDULE OF FAIR VALUE OF EQU_2

SCHEDULE OF FAIR VALUE OF EQUITY INTERESTS MEASURED AT CLOSING MARKET PRICE (Details) (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 27, 2024	Mar. 26, 2024
IfrsStatementLineItems [Line Items]
Number of shares issued	911,885	31,709,747
Price per share		$ 0.0001	$ 10.70
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued			103,813
Price per share			$ 10.70
Sponsor shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued			3,793,934
Price per share			$ 10.70

REVERSE CAPITALIZATION (Details

REVERSE CAPITALIZATION (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 28, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 27, 2024	Mar. 26, 2024	Mar. 12, 2024	Feb. 16, 2024
IfrsStatementLineItems [Line Items]
Number of shares issued		911,885		911,885		31,709,747
Price per share						$ 0.0001	$ 10.70
Listing expense				$ 44,469,613
Incurred transaction-related costs		6,804	$ 53,342	6,179,179	$ 55,074
Cumulative transaction-related costs				16,183,014
Business combination amount yet to be paid		5,722,342		5,722,342
Accounts payable and accrued expenses		3,800,000		3,800,000
Other current and non-current liabilities		1,922,342		1,922,342			$ 2,763,720
Transaction related costs				7,947,031
Transaction proceeds				4,858,225
General and administrative expense				285,000
Share-based payment expenses		$ 1,140,218		$ 1,140,218
Loan receivable								$ 9,765,972
Class A ordinary shares [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued									1,500,000
Price per share									$ 10
Number of shares outstanding	3,897,747
Private placements [member]
IfrsStatementLineItems [Line Items]
Purchase price									$ 15,000,000
Class B ordinary shares [Member]
IfrsStatementLineItems [Line Items]
Number of shares outstanding	3,897,747
Class A TWOA [member]
IfrsStatementLineItems [Line Items]
Number of shares issued	1,500,000
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Price per share						$ 0.0001
Number of shares outstanding	26,312,000
Number of shares issued	1,500,000

SCHEDULE OF REVENUE (Details)

SCHEDULE OF REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureofRevenueLineItems [Line Items]
Non-lease components of rental arrangements	$ 1,216,441	$ 1,076,001	$ 2,329,795	$ 2,045,773
Other	39,842	8,377	97,055	36,020
Revenue from contracts with customers (IFRS 15)	1,256,283	1,084,378	2,426,850	2,081,793
Rental income	9,730,653	8,905,394	19,043,548	17,157,965
Total revenues	$ 10,986,936	$ 9,989,772	$ 21,470,398	$ 19,239,758
Latam Logistic Properties SA [member]
DisclosureofRevenueLineItems [Line Items]
Non-lease components of rental arrangements					$ 4,194,415	$ 3,287,013	$ 2,235,529
Other					108,564	92,998	42,142
Revenue from contracts with customers (IFRS 15)					4,302,979	3,380,011	2,277,671
Rental income					35,133,364	28,603,556	23,318,402
Total revenues					$ 39,436,343	$ 31,983,567	$ 25,596,073

REVENUE (Details Narrative)

REVENUE (Details Narrative)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureofRevenueLineItems [Line Items]
Weighted average lease term	5 years 9 months 18 days	5 years 8 months 12 days
Latam Logistic Properties SA [member]
DisclosureofRevenueLineItems [Line Items]
Weighted average lease term			5 years 3 months 18 days	6 years 3 months 18 days	8 years
Bottom of range [member]
DisclosureofRevenueLineItems [Line Items]
Operating leases term	5 years
Bottom of range [member] | Latam Logistic Properties SA [member]
DisclosureofRevenueLineItems [Line Items]
Operating leases term			5 years
Top of range [member]
DisclosureofRevenueLineItems [Line Items]
Operating leases term	10 years
Top of range [member] | Latam Logistic Properties SA [member]
DisclosureofRevenueLineItems [Line Items]
Operating leases term			10 years

SCHEDULE OF RENTAL PROPERTY OPE

SCHEDULE OF RENTAL PROPERTY OPERATING EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Repair and maintenance	$ 759,555	$ 604,040	$ 1,446,463	$ 1,215,237
Utilities	98,550	98,705	281,403	216,240
Insurance	118,265	88,512	222,475	173,138
Property management	71,881	59,178	134,067	113,800
Real estate taxes	237,500	218,257	390,834	429,350
Adjustment for expected credit losses	13,112	(46,818)	24,081	(99,776)
Other property related expenses	409,233	260,914	740,567	591,598
Total	$ 1,708,096	$ 1,282,788	$ 3,239,890	$ 2,639,587
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Repair and maintenance					$ 2,351,598	$ 1,661,900	$ 1,234,863
Property management					1,062,320	1,072,509	783,495
Real estate taxes					731,261	357,457	333,613
Adjustment for expected credit losses					(87,723)	1,470,990	1,062,133
Other property related expenses					1,085,494	844,583	673,261
Total					$ 5,142,950	$ 5,407,439	$ 4,087,365

SCHEDULE OF OTHER INCOME (Detai

SCHEDULE OF OTHER INCOME (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Interest income	$ 369,956	$ 52,917	$ 680,446	$ 93,373
Income in connection to the LR Agreements (defined below)	9,844,894		9,844,894
Other	622,879		622,919	6,137
Total	$ 10,837,729	$ 52,917	$ 11,148,259	$ 99,510
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Interest income					$ 300,189	$ 94,130	$ 87,923
Other					7,633	5,997	63,468
Total					$ 307,822	$ 100,127	$ 151,391

SCHEDULE OF OTHER EXPENSES (Det

SCHEDULE OF OTHER EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Transaction-related costs	$ 6,804	$ 53,342	$ 6,179,179	$ 55,074
Legal provision	1,148,922		1,148,922
Loss on disposition of fixed assets		883		83,348
Other	16,716		16,716
Total	$ 1,172,442	$ 54,225	$ 7,344,817	$ 138,422
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Transaction-related costs					$ 6,150,988	$ 306,059	$ 1,367,647
Legal provision					(101,741)	274,844
Loss on disposition of fixed assets					83,389	30,270
Total					$ 6,132,636	$ 611,173	$ 1,367,647

OTHER INCOME AND OTHER EXPENS_3

OTHER INCOME AND OTHER EXPENSES (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Mar. 27, 2024
Other Income And Other Expenses
Number of shares issued	911,885	911,885	31,709,747
Number of shares issued by released parties	651,586	651,586
Proceeds from issuance of ordinary shares	$ 9,844,894	$ 9,844,894
Transaction costs	$ 1,148,922	$ 1,148,922

SCHEDULE OF REPORTABLE SEGMENTS

SCHEDULE OF REPORTABLE SEGMENTS BASED ON NET OPERATING INCOME (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Revenue	$ 10,986,936	$ 9,989,772	$ 21,470,398	$ 19,239,758
Investment property operating expense	(1,708,096)	(1,282,788)	(3,239,890)	(2,639,587)
Net operating income	9,238,998	8,698,607	18,133,453	16,564,151
General and administrative	(4,556,683)	(1,076,238)	(6,250,780)	(2,197,893)
Financing costs	(5,808,977)	(12,134,876)	(11,371,356)	(17,636,918)
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Revenue					$ 39,436,343	$ 31,983,567	$ 25,596,073
Investment property operating expense					(5,142,950)	(5,407,439)	(4,087,365)
Net operating income					34,184,829	26,483,130	21,466,566
General and administrative					(8,508,862)	(4,609,195)	(5,394,201)
Financing costs					(31,111,064)	(11,766,726)	(9,799,558)
Reportable segments [member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Revenue	2,019,177	2,066,829	4,358,549	3,781,404
Investment property operating expense	(291,240)	(258,873)	(533,765)	(469,376)
Net operating income	1,727,937	1,807,956	3,824,784	3,312,028
General and administrative	(317,328)	(250,761)	(553,486)	(463,038)
Financing costs	(1,619,037)	(1,804,661)	(3,518,830)	(3,364,448)
Reportable segments [member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Revenue					8,038,441	5,690,569	4,714,197
Investment property operating expense					(989,404)	(599,084)	(454,333)
Net operating income					7,049,037	5,091,485	4,259,864
General and administrative					(1,182,837)	(897,455)	(1,048,445)
Financing costs					(8,068,416)	(6,267,603)	(2,753,390)
Reportable segments [member] | PERU
IfrsStatementLineItems [Line Items]
Revenue	2,934,997	2,432,604	5,366,057	4,688,955
Investment property operating expense	(544,610)	(483,077)	(997,766)	(939,292)
Net operating income	2,390,387	1,949,527	4,368,291	3,749,663
General and administrative	(363,426)	(64,928)	(605,220)	(314,615)
Financing costs	(1,311,360)	(839,287)	(2,424,049)	(1,774,096)
Reportable segments [member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Revenue					9,260,197	8,350,957	5,244,208
Investment property operating expense					(1,476,086)	(1,288,280)	(1,037,161)
Net operating income					7,784,111	7,062,677	4,207,047
General and administrative					(1,745,286)	(765,572)	(721,501)
Financing costs					(5,431,535)	(1,997,204)	(1,421,466)
Reportable segments [member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Revenue	5,992,920	5,481,962	11,648,737	10,733,379
Investment property operating expense	(872,246)	(540,838)	(1,708,359)	(1,230,919)
Net operating income	5,120,674	4,941,124	9,940,378	9,502,460
General and administrative	(724,167)	(571,752)	(1,476,846)	(1,080,710)
Financing costs	(2,878,580)	(9,155,482)	(5,428,477)	(11,787,327)
Reportable segments [member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Revenue					22,029,141	17,849,043	15,595,526
Investment property operating expense					(2,677,460)	(3,520,075)	(2,595,871)
Net operating income					19,351,681	14,328,968	12,999,655
General and administrative					(2,945,824)	(2,421,168)	(3,017,494)
Financing costs					(17,611,113)	(3,483,685)	(5,620,317)
Reportable segments [member] | Unallocated revenue [member]
IfrsStatementLineItems [Line Items]
Revenue	39,842	8,377	97,055	36,020
General and administrative	(3,151,762)	(188,797)	(3,615,228)	(339,530)
Financing costs		$ (335,446)		$ (711,047)
Reportable segments [member] | Unallocated revenue [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Revenue					108,564	92,998	42,142
General and administrative					(2,634,915)	(525,000)	(606,761)
Financing costs						$ (18,234)	$ (4,385)

SCHEDULE OF RECONCILES SEGMENT

SCHEDULE OF RECONCILES SEGMENT NET OPERATING INCOME TO PROFIT BEFORE TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Net operating income	$ 9,238,998	$ 8,698,607	$ 18,133,453	$ 16,564,151
Unallocated revenue	39,842	8,377	97,055	36,020
General and administrative	(4,556,683)	(1,076,238)	(6,250,780)	(2,197,893)
Investment property valuation gain	4,550,714	305,441	9,749,988	10,276,377
Interest income from affiliates		158,113	302,808	314,488
Financing costs	(5,808,977)	(12,134,876)	(11,371,356)	(17,636,918)
Net foreign currency gain (loss)	(158,361)	64,474	(176,605)	229,772
Gain on sale of asset held for sale		1,022,853		1,022,853
Other income	10,837,729	52,917	11,148,259	99,510
Other expenses	(1,172,442)	(54,225)	(7,344,817)	(138,422)
Profit before taxes	12,970,820	(2,954,557)	(30,181,608)	8,569,938
Revenue	10,986,936	9,989,772	21,470,398	19,239,758
Investment property operating expense	(1,708,096)	(1,282,788)	(3,239,890)	(2,639,587)
Net operating income	9,238,998	8,698,607	18,133,453	16,564,151
Listing expense			(44,469,613)
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Net operating income					$ 34,184,829	$ 26,483,130	$ 21,466,566
Unallocated revenue					108,564	92,998	42,142
General and administrative					(8,508,862)	(4,609,195)	(5,394,201)
Investment property valuation gain					20,151,026	3,525,692	12,610,127
Interest income from affiliates					664,219	561,372	424,838
Financing costs					(31,111,064)	(11,766,726)	(9,799,558)
Net foreign currency gain (loss)					284,706	299,762	(707,570)
Gain on sale of asset held for sale					1,022,853
Other income					307,822	100,127	151,391
Other expenses					(6,132,636)	(611,173)	(1,367,647)
Profit before taxes					12,136,627	13,677,740	17,426,088
Revenue					39,436,343	31,983,567	25,596,073
Investment property operating expense					(5,142,950)	(5,407,439)	(4,087,365)
Net operating income					34,184,829	26,483,130	21,466,566
Gain (loss) on sale of investment properties					1,165,170	(398,247)
Reportable segments [member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Net operating income	1,727,937	1,807,956	3,824,784	3,312,028
General and administrative	(317,328)	(250,761)	(553,486)	(463,038)
Financing costs	(1,619,037)	(1,804,661)	(3,518,830)	(3,364,448)
Revenue	2,019,177	2,066,829	4,358,549	3,781,404
Investment property operating expense	(291,240)	(258,873)	(533,765)	(469,376)
Net operating income	1,727,937	1,807,956	3,824,784	3,312,028
Reportable segments [member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Net operating income					7,049,037	5,091,485	4,259,864
General and administrative					(1,182,837)	(897,455)	(1,048,445)
Financing costs					(8,068,416)	(6,267,603)	(2,753,390)
Revenue					8,038,441	5,690,569	4,714,197
Investment property operating expense					(989,404)	(599,084)	(454,333)
Net operating income					7,049,037	5,091,485	4,259,864
Reportable segments [member] | PERU
IfrsStatementLineItems [Line Items]
Net operating income	2,390,387	1,949,527	4,368,291	3,749,663
General and administrative	(363,426)	(64,928)	(605,220)	(314,615)
Financing costs	(1,311,360)	(839,287)	(2,424,049)	(1,774,096)
Revenue	2,934,997	2,432,604	5,366,057	4,688,955
Investment property operating expense	(544,610)	(483,077)	(997,766)	(939,292)
Net operating income	2,390,387	1,949,527	4,368,291	3,749,663
Reportable segments [member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Net operating income					7,784,111	7,062,677	4,207,047
General and administrative					(1,745,286)	(765,572)	(721,501)
Financing costs					(5,431,535)	(1,997,204)	(1,421,466)
Revenue					9,260,197	8,350,957	5,244,208
Investment property operating expense					(1,476,086)	(1,288,280)	(1,037,161)
Net operating income					7,784,111	7,062,677	4,207,047
Reportable segments [member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Net operating income	5,120,674	4,941,124	9,940,378	9,502,460
General and administrative	(724,167)	(571,752)	(1,476,846)	(1,080,710)
Financing costs	(2,878,580)	(9,155,482)	(5,428,477)	(11,787,327)
Revenue	5,992,920	5,481,962	11,648,737	10,733,379
Investment property operating expense	(872,246)	(540,838)	(1,708,359)	(1,230,919)
Net operating income	5,120,674	4,941,124	9,940,378	9,502,460
Reportable segments [member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Net operating income					19,351,681	14,328,968	12,999,655
General and administrative					(2,945,824)	(2,421,168)	(3,017,494)
Financing costs					(17,611,113)	(3,483,685)	(5,620,317)
Revenue					22,029,141	17,849,043	15,595,526
Investment property operating expense					(2,677,460)	(3,520,075)	(2,595,871)
Net operating income					19,351,681	14,328,968	12,999,655
Reportable segments [member] | Unallocated revenue [member]
IfrsStatementLineItems [Line Items]
General and administrative	(3,151,762)	(188,797)	(3,615,228)	(339,530)
Financing costs		(335,446)		(711,047)
Revenue	$ 39,842	$ 8,377	$ 97,055	$ 36,020
Reportable segments [member] | Unallocated revenue [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
General and administrative					(2,634,915)	(525,000)	(606,761)
Financing costs						(18,234)	(4,385)
Revenue					$ 108,564	$ 92,998	$ 42,142

SCHEDULE OF TOTAL ASSETS AND LI

SCHEDULE OF TOTAL ASSETS AND LIABILITIES BY REPORTABLE OPERATING SEGMENT (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Investment properties	$ 525,862,522		$ 514,172,281	$ 490,403,620	$ 449,036,633
Cash and cash equivalents	48,173,742	$ 1,121,150	35,242,363	14,884,417	14,988,112
Due from affiliates			9,463,164
Lease and other receivables, net	3,384,827		3,557,988
Receivable from the sale of investment properties - short term	5,751,931		4,072,391
Receivable from the sale of investment properties - long term			4,147,507
Prepaid construction costs	298,223		1,123,590
Prepaid income taxes	1,009,808		651,925
Other current assets	3,276,935		2,791,593
Tenant notes receivables - long term, net	5,565,780		6,002,315
Restricted cash equivalent	4,739,916		2,681,110
Property and equipment, net	329,868		354,437
Deferred tax asset	312,378		1,345,859
Other non-current assets	5,483,834		5,218,787
Total assets	604,189,764		590,825,310
Long-term debt	275,878,479		269,854,235	$ 227,671,760	209,326,775
Accounts payable and accrued expenses	10,544,627		13,127,502
Income tax payable	1,760,485		2,024,865
Retainage payable	1,558,684		1,737,805
Other current liabilities	790,547		959,539
Deferred tax liability	37,805,728		37,451,338
Security deposits	2,500,277		1,790,554
Other non-current liabilities	4,137,761		2,936,555
Total liabilities	334,976,588		329,882,393
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment properties			514,172,281		449,036,633	$ 428,275,741	$ 364,307,039
Cash and cash equivalents			35,242,363		14,988,112	17,360,353	$ 15,458,803
Due from affiliates			9,463,164		8,798,945
Lease and other receivables, net			3,557,988		2,516,525
Receivable from the sale of investment properties - short term			4,072,391
Receivable from the sale of investment properties - long term			4,147,507
Prepaid construction costs			1,123,590		2,317,383
Other current assets			3,443,518		1,708,313
Tenant notes receivables - long term, net			6,002,315		6,796,584
Restricted cash equivalent			2,681,110		3,252,897
Property and equipment, net			354,437		427,719
Deferred tax asset			1,345,859		239,281
Other non-current assets			5,218,787		4,559,330
Total assets			590,825,310		497,618,869
Long-term debt			269,854,235		209,326,775	$ 188,719,114
Accounts payable and accrued expenses			13,127,502		8,591,922
Income tax payable			2,024,865		663,703
Retainage payable			1,737,805		3,001,433
Other current liabilities			959,539		54,983
Deferred tax liability			37,451,338		37,215,884
Security deposits			1,790,554		1,706,959
Other non-current liabilities			2,936,555		590,740
Total liabilities			329,882,393		263,552,399
Asset held for sale					2,977,147
Deposits for the sale of assets					2,400,000
Reportable segments [member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Investment properties	129,074,360		131,057,446
Long-term debt	43,148,658		47,654,090
Reportable segments [member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment properties			131,057,446		107,749,342
Long-term debt			47,654,090		55,260,326
Reportable segments [member] | PERU
IfrsStatementLineItems [Line Items]
Investment properties	139,293,029		127,350,614
Long-term debt	59,867,406		61,260,237
Reportable segments [member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment properties			127,350,614		105,121,058
Long-term debt			61,260,237		35,662,360
Reportable segments [member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Investment properties	257,495,133		255,764,221
Long-term debt	$ 172,862,415		160,939,908
Reportable segments [member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment properties			255,764,221		236,166,233
Long-term debt			$ 160,939,908		$ 118,404,089

SCHEDULE OF GEOGRAPHIC AREA INF

SCHEDULE OF GEOGRAPHIC AREA INFORMATION (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Long-lived assets	$ 526,192,390	$ 514,564,102
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Long-lived assets		514,564,102	$ 449,727,281
Reportable segments [member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Long-lived assets	129,101,519	131,147,272
Reportable segments [member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Long-lived assets		131,147,272	107,807,334
Reportable segments [member] | PERU
IfrsStatementLineItems [Line Items]
Long-lived assets	139,358,727	127,416,698
Reportable segments [member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Long-lived assets		127,416,698	105,448,377
Reportable segments [member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Long-lived assets	$ 257,732,144	256,000,132
Reportable segments [member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Long-lived assets		$ 256,000,132	$ 236,471,570

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative) - Segment	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Number of operating segments	3
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Number of operating segments		3

SCHEDULE OF LEASE AND OTHER REC

SCHEDULE OF LEASE AND OTHER RECEIVABLES, NET (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Lease receivables, net	$ 2,472,738	$ 2,703,760
Tenant notes receivables - short term, net	850,406	804,749
Others	61,683	49,479
Sub-total	3,384,827	3,557,988
Tenant notes receivable - long term, net	5,565,780	6,002,315
Lease and other receivables, net	$ 8,950,607	9,560,303
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease receivables, net		2,703,760	$ 1,644,555
Tenant notes receivables - short term, net		804,749	751,908
Others		49,479	120,062
Sub-total		3,557,988	2,516,525
Tenant notes receivable - long term, net		6,002,315	6,796,584
Lease and other receivables, net		$ 9,560,303	$ 9,313,109

SCHEDULE OF CREDIT LOSS ALLOWAN

SCHEDULE OF CREDIT LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES AND TENANT NOTES RECEIVABLES (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Balance	$ 946,006	$ 2,772,977	$ 2,772,977
Adjustments in loan loss allowance recognized in profit or loss during the year	24,081	(99,776)
Receivables written-off during the year as uncollectible		(1,739,138)
Balance	970,087	934,063	946,006	$ 2,772,977
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance	946,006	2,772,977	2,772,977	1,356,738	$ 294,605
Adjustments in loan loss allowance recognized in profit or loss during the year			(87,723)	1,470,990	1,062,133
Receivables written-off during the year as uncollectible			(1,739,248)	(54,751)
Balance			946,006	2,772,977	1,356,738
Lease receivables [member]
IfrsStatementLineItems [Line Items]
Balance	831,805	2,646,337	2,646,337
Adjustments in loan loss allowance recognized in profit or loss during the year	30,640	(99,377)
Receivables written-off during the year as uncollectible		(1,733,404)
Balance	862,445	813,556	831,805	2,646,337
Lease receivables [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance	831,805	2,646,337	2,646,337	1,294,649	243,245
Adjustments in loan loss allowance recognized in profit or loss during the year			(81,017)	1,406,439	1,051,404
Receivables written-off during the year as uncollectible			(1,733,515)	(54,751)
Balance			831,805	2,646,337	1,294,649
Tenants notes receivables [member]
IfrsStatementLineItems [Line Items]
Balance	114,201	126,640	126,640
Adjustments in loan loss allowance recognized in profit or loss during the year	(6,559)	(399)
Receivables written-off during the year as uncollectible		(5,734)
Balance	107,642	120,507	114,201	126,640
Tenants notes receivables [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance	$ 114,201	$ 126,640	126,640	62,089	51,360
Adjustments in loan loss allowance recognized in profit or loss during the year			(6,706)	64,551	10,729
Receivables written-off during the year as uncollectible			(5,733)
Balance			$ 114,201	$ 126,640	$ 62,089

SCHEDULE OF FAIR MARKET VALUE O

SCHEDULE OF FAIR MARKET VALUE OF INVESTMENT PROPERTIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total	$ 525,862,522	$ 514,172,281	$ 490,403,620	$ 449,036,633
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total		514,172,281		449,036,633	$ 428,275,741	$ 364,307,039
Land Bank [Member]
IfrsStatementLineItems [Line Items]
Sub-total	1,811,991	619,976
Sub-total	23,130,348	24,100,446
Total Land Bank	24,942,339	24,720,422
Land Bank [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		619,976
Sub-total		24,100,446		29,739,722
Total Land Bank		24,720,422		29,739,722
Land Bank [Member] | PERU
IfrsStatementLineItems [Line Items]
Sub-total	1,811,991	619,976
Land Bank [Member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		619,976
Sub-total				7,190,000
Land Bank [Member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Sub-total	23,130,348	24,100,446
Land Bank [Member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		24,100,446		16,394,722
Land Bank [Member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total				6,155,000
Properties [Member]
IfrsStatementLineItems [Line Items]
Sub-total	16,510,000	12,260,000
Sub-total	15,398,000	33,121,781
Total properties under development	31,908,000	45,381,781
Properties [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		12,260,000		614,523
Sub-total		33,121,781		66,217,611
Total properties under development		45,381,781		66,832,134
Properties [Member] | PERU
IfrsStatementLineItems [Line Items]
Sub-total	16,510,000	12,260,000
Sub-total		22,230,781
Properties [Member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		12,260,000		614,523
Sub-total		22,230,781		9,793,481
Properties [Member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total				20,708,910
Properties [Member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Sub-total	15,398,000	10,891,000
Properties [Member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		10,891,000		35,715,220
Operating Properties [Member]
IfrsStatementLineItems [Line Items]
Sub-total	469,012,183	444,070,078
Total operating properties	469,012,183	444,070,078
Total operating properties and properties under development	500,920,183	489,451,859
Operating Properties [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		444,070,078		352,464,777
Total operating properties		444,070,078		352,464,777
Total operating properties and properties under development		489,451,859		419,296,911
Operating Properties [Member] | PERU
IfrsStatementLineItems [Line Items]
Sub-total	120,971,038	92,239,857
Operating Properties [Member] | PERU | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		92,239,857		87,523,052
Operating Properties [Member] | COLOMBIA
IfrsStatementLineItems [Line Items]
Sub-total	105,944,012	106,957,000
Operating Properties [Member] | COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		106,957,000		70,645,712
Operating Properties [Member] | COSTA RICA
IfrsStatementLineItems [Line Items]
Sub-total	$ 242,097,133	244,873,221
Operating Properties [Member] | COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sub-total		$ 244,873,221		$ 194,296,013

SCHEDULE OF SIGNIFICANT UNOBSER

SCHEDULE OF SIGNIFICANT UNOBSERVABLE INPUTS (Details) - Level 3 of fair value hierarchy [member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Discounted cash flows [member] | Operating Properties [Member] | Risk adjusted residual capitalization rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	7.90%	7.90%
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted residual rate, the lower the fair value.	The higher the risk adjusted residual rate, the lower the fair value.
Discounted cash flows [member] | Operating Properties [Member] | Risk adjusted residual capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		7.90%	7.80%
Description of relationship of unobservable inputs to fair value		The higher the risk adjusted residual rate, the lower the fair value.	The higher the risk adjusted residual rate, the lower the fair value.
Discounted cash flows [member] | Operating Properties [Member] | Risk adjusted discount rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	10.60%	10.80%
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.
Discounted cash flows [member] | Operating Properties [Member] | Risk adjusted discount rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		10.80%	10.50%
Description of relationship of unobservable inputs to fair value		The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.
Discounted cash flows [member] | Properties under development [member] | Risk adjusted residual capitalization rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	8.10%	8.10%
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted residual rate, the lower the fair value.	The higher the risk adjusted residual rate, the lower the fair value.
Discounted cash flows [member] | Properties under development [member] | Risk adjusted residual capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		8.10%	7.80%
Description of relationship of unobservable inputs to fair value		The higher the risk adjusted residual rate, the lower the fair value.	The higher the risk adjusted residual rate, the lower the fair value.
Discounted cash flows [member] | Properties under development [member] | Risk adjusted discount rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	10.40%	10.80%
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.
Discounted cash flows [member] | Properties under development [member] | Risk adjusted discount rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		10.80%	10.40%
Description of relationship of unobservable inputs to fair value		The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.
Discounted cash flows [member] | Land Bank [Member] | Risk adjusted residual capitalization rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	7.80%	7.80%
Discounted cash flows [member] | Land Bank [Member] | Risk adjusted residual capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		7.75%	7.75%
Discounted cash flows [member] | Land Bank [Member] | Risk adjusted discount rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	11.80%	11.80%
Discounted cash flows [member] | Land Bank [Member] | Risk adjusted discount rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		11.75%	11.25%
Direct capitalization method [member] | Operating Properties [Member] | Occupancy rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	98.20%	98.20%
Description of relationship of unobservable inputs to fair value	The higher the occupancy rate, the higher the fair value.	The higher the occupancy rate, the higher the fair value.
Direct capitalization method [member] | Operating Properties [Member] | Occupancy rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		98.20%	98.10%
Description of relationship of unobservable inputs to fair value		The higher the occupancy rate, the higher the fair value.	The higher the occupancy rate, the higher the fair value.
Direct capitalization method [member] | Operating Properties [Member] | Going in stabilized capitalization rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	7.80%	7.90%
Description of relationship of unobservable inputs to fair value	The higher the stabilized capitalization rate, the lower the fair value	The higher the stabilized capitalization rate, the lower the fair value
Direct capitalization method [member] | Operating Properties [Member] | Going in stabilized capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		7.90%	7.50%
Description of relationship of unobservable inputs to fair value		The higher the stabilized capitalization rate, the lower the fair value	The higher the stabilized capitalization rate, the lower the fair value
Direct capitalization method [member] | Properties under development [member] | Occupancy rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	96.90%	97.70%
Description of relationship of unobservable inputs to fair value	The higher the occupancy rate, the higher the fair value.	The higher the occupancy rate, the higher the fair value.
Direct capitalization method [member] | Properties under development [member] | Occupancy rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		97.70%	98.80%
Description of relationship of unobservable inputs to fair value		The higher the occupancy rate, the higher the fair value.	The higher the
Direct capitalization method [member] | Properties under development [member] | Going in stabilized capitalization rate [member]
IfrsStatementLineItems [Line Items]
Value, percentage	8.10%	8%
Description of relationship of unobservable inputs to fair value	The higher the stabilized capitalization rate, the lower the fair value	The higher the stabilized capitalization rate, the lower the fair value
Direct capitalization method [member] | Properties under development [member] | Going in stabilized capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value, percentage		8%	7.80%
Description of relationship of unobservable inputs to fair value		The higher the stabilized capitalization rate, the lower the fair value	The higher the stabilized capitalization rate, the lower the fair value
Direct capitalization method [member] | Land Bank [Member] | Risk adjusted residual capitalization rate [member]
IfrsStatementLineItems [Line Items]
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted residual rate, the lower the fair value.	The higher the risk adjusted residual rate, the lower the fair value.
Direct capitalization method [member] | Land Bank [Member] | Risk adjusted residual capitalization rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Description of relationship of unobservable inputs to fair value		The higher the stabilized capitalization rate, the lower the fair value	The higher the stabilized capitalization rate, the lower the fair value
Direct capitalization method [member] | Land Bank [Member] | Risk adjusted discount rate [member]
IfrsStatementLineItems [Line Items]
Description of relationship of unobservable inputs to fair value	The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.
Direct capitalization method [member] | Land Bank [Member] | Risk adjusted discount rate [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Description of relationship of unobservable inputs to fair value		The higher the risk adjusted discount rate, the lower the fair value.	The higher the risk adjusted discount rate, the lower the fair value.

SCHEDULE OF RECONCILIATION OF I

SCHEDULE OF RECONCILIATION OF INVESTMENT PROPERTY (Details) - USD ($)		6 Months Ended		12 Months Ended
	Nov. 24, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Balance at beginning of year		$ 514,172,281	$ 449,036,633	$ 449,036,633
Additions		12,661,512	15,046,916
Foreign currency translation effect		(10,721,259)	16,043,694
Gain on revaluation of investment property		9,749,988	10,276,377
Balance at end of year		525,862,522	490,403,620	514,172,281	$ 449,036,633
Disposal of investment property	$ (17,634,208)
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance at beginning of year		$ 514,172,281	$ 449,036,633	449,036,633	428,275,741	$ 364,307,039
Additions				33,704,768	47,774,104	70,082,968
Foreign currency translation effect				28,914,062	(21,265,904)	(16,361,576)
Gain on revaluation of investment property				20,151,026	3,525,692	12,610,127
Balance at end of year				514,172,281	449,036,633	428,275,741
Disposal of investment property	$ (17,634,208)			(17,634,208)	(9,273,000)
Transfer to asset held for sale						$ (2,362,817)

SCHEDULE Of PURCHASE AND SALE A

SCHEDULE Of PURCHASE AND SALE AGREEMENT Of THE DEFERRED CASH PAYMENTS (Details)	1 Months Ended						6 Months Ended		12 Months Ended
	May 31, 2024 USD ($)	May 31, 2024 COP ($)	Feb. 29, 2024 USD ($)	Feb. 29, 2024 COP ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2023 COP ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount	$ 2,361,010	$ 9,204,121,586	$ 2,361,010	$ 9,204,121,586	$ 2,778,063	$ 11,505,151,984	$ 2,361,010
Discount on future payments							(350,067)
Receivables from the sale of investment properties - short term							5,751,931		$ 4,072,391
Receivables from the sale of investment properties - long term									4,147,507
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount					$ 2,778,063	$ 11,505,151,984			2,778,063	$ 8,874,753
Discount on future payments									(810,716)
Receivables from the sale of investment properties - short term									4,072,391
Total consideration outstanding, net of discount									8,219,898
Receivables from the sale of investment properties - long term									4,147,507
Installment payment due in August 2024 [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount							1,109,454
Installment payment due in November 2024 [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount							1,109,454
Installment payment due in February 2025 [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount							$ 3,883,090
1st Installment Payment Due in February 2024 [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount									1,204,082
2nd Installment Payment Due in May 2024 [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount									1,204,082
3rd Installment Payment Due in August 2024 [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount									1,204,082
4th Installment Payment Due in November 2024 [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount									1,204,082
5th Installment Payment Due in February 2025 [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration outstanding, net of discount									$ 4,214,286

SCHEDULE OF ASSET HELD FOR SALE

SCHEDULE OF ASSET HELD FOR SALE WILL BE PAID IN THREE INSTALLMENTS (Details) - USD ($)	May 21, 2021	Dec. 31, 2023	Apr. 23, 2023	Dec. 31, 2022	Jan. 27, 2022	May 24, 2021
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 4,000,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale	4,000,000			$ 2,977,147
1st Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,200,000					$ 1,200,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon the signing of the Purchase and Sale Agreement.
1st Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,200,000					$ 1,200,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon the signing of the Purchase and Sale Agreement.
2nd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,200,000				$ 1,200,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon conclusion of land infrastructure work.
2nd Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,200,000				$ 1,200,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon conclusion of land infrastructure work.
3rd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,600,000		$ 1,600,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon title transfer of the property to the buyer.
3rd Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale	$ 1,600,000		$ 1,600,000
Description of changes in plan to sell non-current asset or disposal group held for sale	Upon title transfer of the property to the buyer.

INVESTMENT PROPERTIES (Details

INVESTMENT PROPERTIES (Details Narrative)			1 Months Ended						3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 24, 2023 USD ($)	Nov. 24, 2023 COP ($)	May 31, 2024 USD ($)	May 31, 2024 COP ($)	Feb. 29, 2024 USD ($)	Feb. 29, 2024 COP ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2023 COP ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Apr. 23, 2023 USD ($)	Jan. 27, 2022 USD ($)	May 24, 2021 USD ($)	May 21, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Sale of its investment property	$ 17,634,208
Total consideration			$ 2,361,010	$ 9,204,121,586	$ 2,361,010	$ 9,204,121,586	$ 2,778,063	$ 11,505,151,984			$ 2,361,010
Interest income									$ 195,039		424,155
Receivables from the sale of investment propertie											5,751,931		$ 8,219,898
Asset held for sale																			$ 4,000,000
Gain on sale of asset held for sale										$ 1,022,853		1,022,853
Investment property valuation gain									$ 4,550,714	$ 305,441	$ 9,749,988	$ 10,276,377
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Sale of its investment property	17,634,208												17,634,208	$ 9,273,000
Total consideration							$ 2,778,063	$ 11,505,151,984					2,778,063	8,874,753
Interest income													98,990
Asset held for sale														2,977,147					4,000,000
Gain on sale of asset held for sale													1,022,853
Investment property valuation gain													20,151,026	3,525,692	12,610,127
Total purchase price													0	0	14,710,000
Operating expense															4,050,000
Closing cost on acquisition															$ 355,322
Gain on sale of investment property													1,165,170
loss on sale of investment property													398,247	$ 486,863
Latam Logistic Properties SA [member] | Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Total consideration													$ 8,219,898
1st Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale																		$ 1,200,000	1,200,000
1st Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale																		$ 1,200,000	1,200,000
2nd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale																	$ 1,200,000		1,200,000
2nd Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale																	$ 1,200,000		1,200,000
3rd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale																$ 1,600,000			1,600,000
3rd Installment Payment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale																$ 1,600,000			$ 1,600,000
ITAU Corpbanca Colombia, S.A. [Member]
IfrsStatementLineItems [Line Items]
Total consideration	8,266,536	$ 33,829,392,065
ITAU Corpbanca Colombia, S.A. [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration	8,266,536	33,829,392,065
Third party [member]
IfrsStatementLineItems [Line Items]
Total consideration	19,512,112	79,850,000,000
Third party [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total consideration	$ 19,512,112	$ 79,850,000,000

SCHEDULE OF DETAILS OF OTHER CU

SCHEDULE OF DETAILS OF OTHER CURRENT ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Value added tax receivable	$ 1,434,913	$ 2,207,983
Prepaid taxes	1,190,240	181,528
Other	651,782	402,082
Total	$ 3,276,935	2,791,593
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Value added tax receivable		2,207,983	$ 179,566
Prepaid taxes		651,925	816,138
Other		583,610	712,609
Total		$ 3,443,518	$ 1,708,313

SCHEDULE OF LONG TERM DEBT (Det

SCHEDULE OF LONG TERM DEBT (Details)

6 Months Ended

12 Months Ended

Nov. 01, 2023 USD ($)

Jun. 30, 2024 USD ($)

Dec. 31, 2023 USD ($)

Dec. 15, 2023 USD ($)

Oct. 19, 2023 COP ($)

Jun. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jan. 22, 2021 USD ($)

Jan. 22, 2021 COP ($)

Jan. 06, 2021 USD ($)

Jan. 06, 2021 COP ($)

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

$ 4,679,291

$ 2,620,485

Remaining borrowing capacity

Amount outstanding

277,400,780

271,344,270

Accrued financing costs

827,501

752,874

Debt issuance costs, net

(2,349,802)

(2,242,909)

Total debt

275,878,479

269,854,235

$ 227,671,760

$ 209,326,775

Current portion of long-term debt

(12,287,698)

(16,703,098)

Total Long-term debt

263,590,781

253,151,137

Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

2,620,485

3,192,272

Remaining borrowing capacity

1,141,001

Amount outstanding

271,344,270

215,849,667

Accrued financing costs

752,874

2,823,170

Debt issuance costs, net

(2,242,909)

(9,346,062)

Total debt

269,854,235

209,326,775

$ 188,719,114

Current portion of long-term debt

(16,703,098)

(23,576,982)

Total Long-term debt

253,151,137

98,383,315

Reclassified to short term due to debt waiver on Banco Davivienda Alajuela I SRL and Bancolombia & ITAU loans

(87,366,478)

Banco Nacional de Costa Rica, S.A. [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Annual interest rate

The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards.

Amount outstanding

$ 7,373,460

Banco Nacional de Costa Rica, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Annual interest rate

The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards

Amount outstanding

$ 7,373,460

BBVA Peru [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 2,000,000

Annual interest rate

8.35%

Debt issuance costs, net

$ 46,973,443

BBVA Peru [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 2,000,000

Annual interest rate

8.35%

Debt issuance costs, net

$ 46,973,443

Bancolombia, S.A. [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 12,800,000

$ 44,500,000,000

Bancolombia, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 12,800,000

$ 44,500,000,000

ITAU Corpbanca Colombia, S.A. [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 10,100,000

$ 35,000,000,000

ITAU Corpbanca Colombia, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Amount outstanding

$ 10,100,000

$ 35,000,000,000

COSTA RICA

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

692,831

620,485

Remaining borrowing capacity

Amount outstanding

$ 172,862,416

160,978,126

COSTA RICA | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

620,485

1,987,110

Remaining borrowing capacity

1,141,001

Amount outstanding

160,978,126

123,288,248

COSTA RICA | BAC Credomatic, S.A [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024)

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 46,908,999

COSTA RICA | BAC Credomatic, S.A [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 432 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

2,218,382

COSTA RICA | BAC Credomatic, S.A One [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2039

Annual interest rate

3Mo SOFR + 200 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 59,934,509

COSTA RICA | BAC Credomatic, S.A One [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 440 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

3,034,137

COSTA RICA | Banco Davivienda Costa Rica, S.A [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Nov 2038

Annual interest rate

Year 1:7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps

Restricted cash

$ 72,346

Remaining borrowing capacity

Amount outstanding

$ 7,821,650

$ 7,974,306

COSTA RICA | Banco Davivienda Costa Rica, S.A [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo Secured Overnight Financing Rate (“SOFR”) + 435 bps, no min. rate

Restricted cash

874,210

Remaining borrowing capacity

Amount outstanding

30,411,676

COSTA RICA | Banco Nacional de Costa Rica, S.A. [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 65,111,489

$ 65,727,171

COSTA RICA | Banco Nacional de Costa Rica, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

0-2 years: 6.5%, Thereafter: 290 bps + US Prime Rate, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

7,583,783

COSTA RICA | Banco Nacional de Costa Rica, S.A. One [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps

Restricted cash

$ 480,000

480,000

Remaining borrowing capacity

Amount outstanding

$ 18,113,690

$ 18,285,023

COSTA RICA | Banco Nacional de Costa Rica, S.A. One [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps

Restricted cash

Remaining borrowing capacity

Amount outstanding

65,727,171

COSTA RICA | Banco Nacional de Costa Rica, S.A. Two [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR+140 bps

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 15,022,127

$ 15,164,206

COSTA RICA | Banco Nacional de Costa Rica, S.A. Two [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps

Restricted cash

$ 480,000

Remaining borrowing capacity

Amount outstanding

18,285,023

COSTA RICA | Banco Nacional de Costa Rica, S.A. Three [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps

Restricted cash

$ 140,485

140,485

Remaining borrowing capacity

Amount outstanding

6,858,951

$ 6,918,421

COSTA RICA | Banco Nacional de Costa Rica, S.A. Three [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 5.9% Year 2: 6.2% Thereafter: 3Mo SOFR +140 bps

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 15,164,206

COSTA RICA | Banco Davivienda Costa Rica, S.A One [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 435 bps, no min. rate

Restricted cash

309,814

Remaining borrowing capacity

Amount outstanding

11,355,244

COSTA RICA | Banco Davivienda Costa Rica, S.A Two [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 435 bps, no min. rate

Restricted cash

142,244

Remaining borrowing capacity

Amount outstanding

4,856,716

COSTA RICA | Banco Davivienda Costa Rica, S.A Three [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 442 bps, no min. rate

Restricted cash

339,900

Remaining borrowing capacity

Amount outstanding

10,731,686

COSTA RICA | Banco Davivienda Costa Rica, S.A Four [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 435 bps, no min. rate

Restricted cash

320,940

Remaining borrowing capacity

Amount outstanding

3,865,901

COSTA RICA | Banco davivienda costa rica SA five [member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Nov, 2038

Annual interest rate

Year 1: 7.0% Year 2: 7.3% Thereafter: 3Mo SOFR + 240 bps

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 7,974,306

COSTA RICA | BAC Credomatic, S.A Two [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

US Prime Rate + 110 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

972,476

COSTA RICA | BAC Credomatic, S.A Three [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

3Mo SOFR + 439 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

6,562,983

COSTA RICA | BAC Credomatic, S.A Four [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

July 2031

Annual interest rate

3Mo SOFR + 378 bps, no min. rate (except for the fixed rate of 8.1% from March 2023 to March 2024)

Restricted cash

Remaining borrowing capacity

1,141,001

Amount outstanding

$ 46,908,999

34,997,899

COSTA RICA | Banco Promerica de Costa Rica, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

Prime Rate + 275 bps, no min. rate

Restricted cash

2

Remaining borrowing capacity

Amount outstanding

6,697,365

COSTA RICA | Banco nacional de costa rica SA four [member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

April 2048

Annual interest rate

Year 1: 6.4% Year 2: 7.3% Thereafter: 3Mo SOFR + 280 bps

Restricted cash

$ 140,485

Remaining borrowing capacity

Amount outstanding

6,918,421

PERU

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

3,986,460

2,000,000

Remaining borrowing capacity

Amount outstanding

$ 60,554,114

62,000,000

PERU | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

2,000,000

1,205,162

Amount outstanding

62,000,000

36,680,766

PERU | BBVA Peru Tranche 1 [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

March 2053

Restricted cash

$ 1,614,732

Remaining borrowing capacity

Amount outstanding

$ 47,596,844

$ 48,670,000

Annual interest rate

8.50%

PERU | BBVA Peru Tranche 1 [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

March 2053

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 48,670,000

Annual interest rate

8.50%

PERU | BBVA Peru Tranche 2 [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

March 2053

Restricted cash

$ 371,728

Remaining borrowing capacity

Amount outstanding

$ 10,957,270

$ 11,330,000

Annual interest rate

8.40%

PERU | BBVA Peru Tranche 2 [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

March 2053

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 11,330,000

Annual interest rate

8.40%

PERU | BBVA Peru [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

July 2024

Restricted cash

$ 2,000,000

$ 2,000,000

Remaining borrowing capacity

Amount outstanding

$ 2,000,000

$ 2,000,000

Annual interest rate

8.35%

PERU | BBVA Peru [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

July 2024

Restricted cash

$ 2,000,000

Remaining borrowing capacity

Amount outstanding

$ 2,000,000

Annual interest rate

8.35%

PERU | International finance corporation tranche one [member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

6Mo SOFR + 425 bps, no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

21,671,047

PERU | International finance corporation tranche two [member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Refinanced

Annual interest rate

6Mo SOFR + 525 bps no min. rate

Restricted cash

1,205,162

Amount outstanding

15,009,719

COLOMBIA

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 43,984,250

48,366,144

COLOMBIA | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

Remaining borrowing capacity

Amount outstanding

48,366,144

40,880,653

COLOMBIA | Bancolombia, S.A. [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

January 2036

Annual interest rate

IBR +327 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 20,988,185

$ 23,087,020

COLOMBIA | Bancolombia, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

January 2036

Annual interest rate

IBR +327 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

23,087,020

18,688,521

COLOMBIA | Bancolombia SA one [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

May 2036

Annual interest rate

IBR +365 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 16,969,122

$ 18,738,132

COLOMBIA | Bancolombia SA one [member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

May 2036

Annual interest rate

IBR +365 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

18,738,132

15,145,128

COLOMBIA | BTG [Member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

November 2025

Annual interest rate

IBR +695 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 6,026,943

$ 6,540,992

COLOMBIA | BTG [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

August 2024

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 6,540,992

COLOMBIA | ITAU Corpbanca Colombia, S.A. [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Paid

Annual interest rate

IBR +447 bps no min. rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

7,047,004

PERU [member] | BTG [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Annual interest rate

IBR +720 bps no min. rate

PANAMA | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Restricted cash

Remaining borrowing capacity

Amount outstanding

15,000,000

PANAMA | Banco BTG Pactual S.A. — Cayman Branch [Member] | Latam Logistic Properties SA [member]

DisclosureOfLongTermDebtLineItems [Line Items]

Expiration date

Paid

Annual interest rate

SOFR + 600 bps, no min rate

Restricted cash

Remaining borrowing capacity

Amount outstanding

$ 15,000,000

SCHEDULE OF LONG-TERM DEBT MATU

SCHEDULE OF LONG-TERM DEBT MATURITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureOfLongTermDebtLineItems [Line Items]
Total	$ 275,878,479	$ 269,854,235	$ 227,671,760	$ 209,326,775
Accrued and deferred financing cost, net	(1,522,301)
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		269,854,235		$ 209,326,775	$ 188,719,114
Accrued and deferred financing cost, net		(1,490,035)
Later than six months and not later than one year [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	7,041,016
Later than one year and not later than two years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	13,392,576
Later than one year and not later than two years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		9,569,893
Later than two years and not later than three years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	8,955,841
Later than two years and not later than three years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		10,215,729
Later than three years and not later than four years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	9,694,303
Later than three years and not later than four years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		11,410,890
Later than four years and not later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	10,416,046
Later than four years and not later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		11,835,657
Later than five years and not later than seven years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	11,237,596
Later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	216,663,402
Later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		211,609,005
Not later than one year [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		16,703,096
Mortgage loan [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	270,045,527
Accrued and deferred financing cost, net	(1,328,310)
Mortgage loan [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		263,313,243
Accrued and deferred financing cost, net		(1,490,035)
Mortgage loan [member] | Later than six months and not later than one year [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	6,036,525
Mortgage loan [member] | Later than one year and not later than two years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	8,370,124
Mortgage loan [member] | Later than one year and not later than two years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		9,569,893
Mortgage loan [member] | Later than two years and not later than three years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	8,955,841
Mortgage loan [member] | Later than two years and not later than three years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		10,215,729
Mortgage loan [member] | Later than three years and not later than four years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	9,694,303
Mortgage loan [member] | Later than three years and not later than four years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		11,410,890
Mortgage loan [member] | Later than four years and not later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	10,416,046
Mortgage loan [member] | Later than four years and not later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		11,835,657
Mortgage loan [member] | Later than five years and not later than seven years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	11,237,596
Mortgage loan [member] | Later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	216,663,402
Mortgage loan [member] | Later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		211,609,005
Mortgage loan [member] | Not later than one year [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		10,162,104
Secured bridge loan [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	5,832,952
Accrued and deferred financing cost, net	(193,991)
Secured bridge loan [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		6,540,992
Accrued and deferred financing cost, net
Secured bridge loan [member] | Later than six months and not later than one year [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	1,004,491
Secured bridge loan [member] | Later than one year and not later than two years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total	5,022,452
Secured bridge loan [member] | Later than one year and not later than two years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than two years and not later than three years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than two years and not later than three years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than three years and not later than four years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than three years and not later than four years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than four years and not later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than four years and not later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than five years and not later than seven years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than five years [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Later than five years [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total
Secured bridge loan [member] | Not later than one year [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Total		$ 6,540,992

SCHEDULE OF COMPONENTS OF FINAN

SCHEDULE OF COMPONENTS OF FINANCING COST (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureOfLongTermDebtLineItems [Line Items]
Gross interest expense	$ 5,912,315	$ 5,770,045	$ 11,755,397	$ 11,372,049
Gross commitment fees		39,027		77,805
Amortization of debt issuance cost	49,580	212,398	83,122	508,552
Debt modification gain	(208,799)		(208,799)	(121,038)
Debt extinguishment loss	38,219	6,201,589	38,219	6,201,589
Other expense	17,662	14,112	33,540	38,671
Total financing cost before capitalization	5,808,977	12,237,171	11,701,479	18,077,628
Capitalized amounts into investment properties		(102,295)	(330,123)	(440,710)
Net financing cost	5,808,977	12,134,876	11,371,356	17,636,918
Total cash paid for interest and commitment fees	$ 5,843,654	$ 5,444,455	$ 11,686,352	$ 11,779,772
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Gross interest expense					$ 22,557,977	$ 15,568,346	$ 9,506,320
Gross commitment fees					128,410	225,261	286,117
Amortization of debt issuance cost					203,237	1,089,893	659,072
Debt modification gain					(143,630)	(3,775,054)
Debt extinguishment loss					8,370,997
Other expense					593,623	112,542	238,740
Total financing cost before capitalization					31,710,614	13,220,988	10,690,249
Capitalized amounts into investment properties					(599,550)	(1,454,262)	(890,691)
Net financing cost					31,111,064	11,766,726	9,799,558
Total cash paid for interest and commitment fees					$ 24,862,976	$ 14,505,955	$ 9,391,336

SCHEDULE OF RECONCILIATION OF L

SCHEDULE OF RECONCILIATION OF LONG TERM DEBT (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureOfLongTermDebtLineItems [Line Items]
Beginning balance			$ 269,854,235	$ 209,326,775	$ 209,326,775
Secured bank debt borrowings			13,091,001	113,971,395
Secured bank debt repayments			(3,250,201)	(98,400,674)
Borrowing cost incurred				(5,213)
Transfer to liabilities associated with HFS				(7,775,210)
Deferred financing cost amortization			83,122	508,552
Debt modification gain	$ (208,799)		(208,799)	(121,038)
Debt extinguishment loss	38,219	6,201,589	38,219	6,201,589
Foreign currency translation effect			(3,729,098)	3,965,584
Ending balance	$ 275,878,479	$ 227,671,760	275,878,479	227,671,760	269,854,235	$ 209,326,775
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Beginning balance			$ 269,854,235	$ 209,326,775	209,326,775	188,719,114
Secured bank debt borrowings					199,135,651	44,217,867
Bridge loan borrowings					6,540,992
Secured bank debt repayments					(152,416,321)	(13,335,183)
Bridge loan repayments					(66,040)
Long—term accrued interest						(9,733)
Debt issuance cost					(814,661)	(41,550)	$ (1,070,987)
Deferred financing cost amortization					184,423	1,037,824
Debt modification gain					(143,630)	(3,775,054)
Debt extinguishment loss					8,370,997
Foreign currency translation effect					(263,951)	(7,486,510)
Ending balance					$ 269,854,235	$ 209,326,775	$ 188,719,114

LONG TERM DEBT (Details Narrati

LONG TERM DEBT (Details Narrative)														3 Months Ended						6 Months Ended			7 Months Ended	12 Months Ended			18 Months Ended
	Apr. 30, 2024 USD ($)	Dec. 15, 2023 USD ($)	Nov. 01, 2023 USD ($)	Oct. 26, 2023 USD ($)	Oct. 19, 2023 COP ($)	Oct. 05, 2023 USD ($)	Feb. 16, 2022 USD ($)	Jan. 31, 2022 USD ($)	Jan. 19, 2022 USD ($)	Jan. 06, 2022 USD ($)	Jul. 07, 2021 USD ($) ft²	May 21, 2021 USD ($)	Jan. 22, 2021 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jan. 15, 2022	Dec. 31, 2019	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021	May 27, 2024 USD ($)	May 27, 2024 COP ($)	Aug. 30, 2023 USD ($)	Aug. 30, 2023 COP ($)	Aug. 25, 2023 USD ($)	Aug. 25, 2023 COP ($)	Apr. 28, 2023 USD ($)	Mar. 01, 2023	Jan. 19, 2022 COP ($)	Aug. 16, 2021 USD ($) ft²	Mar. 31, 2021 USD ($)	Jan. 22, 2021 COP ($)	Jan. 06, 2021 USD ($)	Jan. 06, 2021 COP ($)
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount														$ 277,400,780	$ 271,344,270					$ 277,400,780				$ 271,344,270
Unborrowed amount percentage																						1.50%	0.50%				1%
Debt outstanding														$ (2,349,802)	(2,242,909)					$ (2,349,802)				(2,242,909)
Effective annual rate percentage														4.20%			61.20%			12.70%	32.20%
Debt extinguishment loss														$ 38,219			$ 6,201,589			$ 38,219	$ 6,201,589
Modification gain														208,799						208,799	$ 121,038
Other borrowings														38,000,000						38,000,000
Restricted cash equivalent														4,679,291	2,620,485					4,679,291				2,620,485
Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount															271,344,270									271,344,270	$ 215,849,667
Unborrowed amount percentage																						1.50%	0.50%				1%
Debt issuance costs																								814,661	41,550	$ 1,070,987
Debt outstanding															(2,242,909)									(2,242,909)	(9,346,062)
Debt extinguishment loss																								8,370,997
Modification gain																								143,630	3,775,054
Other borrowings																									87,366,478
Restricted cash equivalent															2,620,485									2,620,485	3,192,272
Latam Logistic Properties SA [member] | Parent [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt issuance costs																									5,175	$ 196,785
Restricted cash equivalent																									1,205,162
Current Liabilities [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Other borrowings														1,600,000						1,600,000
BBVA Peru [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount					$ 2,000,000
Debt outstanding		$ 46,973,443
Mortgage loan		$ 60,000,000
Loss of debt facility															$ 1,651,793
Debt term		10 years			9 months
Interest rate percent					8.35%
Nominal rate percent					14.45%
BBVA Peru [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount					$ 2,000,000
Debt outstanding		$ 46,973,443
Mortgage loan		$ 60,000,000
Loss of debt facility																								1,651,793
Debt term		10 months			9 months
Interest rate percent					8.35%
Nominal rate percent					14.45%
ITAU Corpbanca Colombia, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																																								$ 10,100,000	$ 35,000,000,000
Loss of debt facility																$ 118,073
Percentage of commitment fee																																								0.50%	0.50%
ITAU Corpbanca Colombia, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																																								$ 10,100,000	$ 35,000,000,000
Loss of debt facility																								118,073
Percentage of commitment fee																																								0.50%	0.50%
Bancolombia, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount													$ 12,800,000																										$ 44,500,000,000
Balloon payment									$ 11,400,000																											$ 42,866,000,000
Gain of debt faclity																70,058
Loss of debt facility																$ 47,466
Percentage of commitment fee													0.10%																										0.10%
Increase in borrowing amount									$ 8,400,000				$ 7,000,000																							34,000,000,000			$ 30,000,000,000
Debt term									14 years				15 years
Percentage of balloon payment													40%																										40%
Undrawn amount													$ 6,900,000																										$ 29,901,000,000
Bancolombia, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount													$ 12,800,000																										$ 44,500,000,000
Balloon payment									$ 11,400,000																											42,866,000,000
Gain of debt faclity																								70,058
Loss of debt facility						$ 47,466																			653,847
Percentage of commitment fee													0.10%																										0.10%
Increase in borrowing amount									$ 8,400,000				$ 7,000,000																							34,000,000,000			$ 30,000,000,000
Debt term									14 years				15 years
Percentage of balloon payment													40%																										40%
Undrawn amount													$ 6,900,000																										$ 29,901,000,000
Bancolombia, S.A. [Member] | Bottom of range [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount									$ 14,300,000																											57,810,000,000
Bancolombia, S.A. [Member] | Bottom of range [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount									14,300,000																											57,810,000,000
Bancolombia, S.A. [Member] | Top of range [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount									22,700,000																											91,810,000,000
Bancolombia, S.A. [Member] | Top of range [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount									$ 22,700,000																											$ 91,810,000,000
BAC Credomatic, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount							$ 2,868,155
Gain of debt faclity																		$ 121,038
Mortgage loan																																						$ 10,000,000
Loss of debt facility																			$ 586
Interest rate percent						8.12%																													8.12%			5%
Secured loan	$ 46,600,000
BAC Credomatic, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount							2,868,155
Gain of debt faclity							121,038
Mortgage loan																																						$ 10,000,000
Loss of debt facility							$ 586
Interest rate percent						8.12%																													8.12%			5%
Banco BAC San Jose, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																									1,000,000
Mortgage loan											$ 45,500,000														1,000,000
Interest rate percent											60%
Square feet | ft²											829,898
Description of mortgage loan term											The mortgage loan has a term of 10 years with a 15-year amortization profile.
Banco BAC San Jose, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																									1,000,000
Mortgage loan											$ 45,500,000														1,000,000
Interest rate percent											60%
Square feet | ft²											829,898
Description of mortgage loan term											The mortgage loan has a term of 10 years with a 15-year amortization profile.
Banco Promerica de Costa Rica, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Mortgage loan																																					$ 7,000,000
Square feet | ft²																																					118,403
Banco Promerica de Costa Rica, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Mortgage loan																																					$ 7,000,000
Square feet | ft²																																					118,403
Banco Davivienda Costa Rica, S.A [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Gain of debt faclity																			4,077,399
Banco Davivienda Costa Rica, S.A [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Gain of debt faclity										$ 4,077,399
Mortgage loan								$ 2,400,000
Debt term								14 years
Banco Nacional de Costa Rica, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount			$ 7,373,460
Mortgage loan			$ 8,000,000																															$ 107,353,410
Loss of debt facility																	$ 6,555,113
Debt term			15 years
Interest rate description			The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards.
Banco Nacional de Costa Rica, S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount			$ 7,373,460
Mortgage loan			$ 8,000,000																															$ 107,353,410
Loss of debt facility																								$ 6,555,113
Debt term			15 years
Interest rate description			The loan is subject to a fixed interest rate of 7.00% in the first year, and a rate of 6-month SOFR plus 2.4% adjustable monthly from the second year onwards
BTG Pactual Colombia S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																												$ 6,446,506	$ 25,000,000,000	$ 2,433,042	$ 10,000,000,000	$ 3,679,266	$ 15,000,000,000
Modification gain														208,799
BTG Pactual Colombia S.A. [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount																														$ 2,433,042	$ 10,000,000,000	$ 3,679,266	$ 15,000,000,000
PERU [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt issuance costs				$ 10,292,677
PERU [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt issuance costs				$ 10,292,677
Tranche A [member] | BBVA Peru [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt outstanding		$ 48,670,000
Interest rate percent		8.50%
Tranche A [member] | BBVA Peru [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt outstanding		$ 48,670,000
Percentage of balloon payment		35%
Interest rate percent		8.50%
Tranche B [member] | BBVA Peru [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt outstanding		$ 11,330,000
Percentage of balloon payment		35%
Interest rate percent		8.40%
Tranche B [member] | BBVA Peru [Member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Debt outstanding		$ 11,330,000
Interest rate percent		8.40%
IFC Secured Credit Facility [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Gain of debt faclity																			$ 351,503
IFC Secured Credit Facility [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Gain of debt faclity																									351,503
IFC Secured Credit Facility [member] | Tranche 1 [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount														27,100,000						27,100,000
Balloon payment														6,865,611						$ 6,865,611
Expiration date																				Jul. 15, 2028
IFC Secured Credit Facility [member] | Tranche 1 [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount												$ 27,100,000
Balloon payment												$ 6,865,611
Expiration date												Jul. 15, 2028
IFC Secured Credit Facility [member] | Tranche 2 [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount														25,900,000						$ 25,900,000
Balloon payment														6,475,000						$ 6,475,000
Expiration date																				Jul. 15, 2030
Disbursed amount																									$ 15,607,323
IFC Secured Credit Facility [member] | Tranche 2 [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount												$ 25,900,000
Balloon payment												$ 6,475,000
Expiration date												Jul. 15, 2030
Disbursed amount												$ 15,607,323
IFC Secured Credit Facility [member] | Latam Logistic Lima Sur [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount														53,000,000						$ 53,000,000
IFC Secured Credit Facility [member] | Latam Logistic Lima Sur [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Borrowing amount												53,000,000
New Secured Facility [member] | BAC Credomatic, S.A. [Member]
DisclosureOfLongTermDebtLineItems [Line Items]
Interest rate percent	2%
Secured loan	$ 60,000,000
Secured loans term	15 years
Effective annual rate percentage	7.33%
Secured overnight financing rate percentage	5.50%
Debt extinguishment loss														$ 38,219
Secured bridge loan [member] | Latam Logistic Properties SA [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Secured loan												$ 15,000,000
Maturity date												June 17, 2022
Secured bridge loan [member] | Latam Logistic Properties SA [member] | Fixed interest rate [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Interest rate percent												5.85%

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 27, 2024	Mar. 26, 2024
IfrsStatementLineItems [Line Items]
Ordinary shares issued	911,885				31,709,747
Nominal value					$ 0.0001	$ 10.70
Shares issued and fully paid	651,586
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Nominal value		$ 1	$ 1
Shares authorized		300,000,000	300,000,000
Shares issued and fully paid		168,142,740	168,142,740
Capital contributions from non-controlling partners		$ 5,870,314	$ 700,000	$ 4,084,160
Distributions to the non-controlling partners		$ 4,522,936	$ 2,067,803	$ 1,024,747
Bottom of range [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Legal reserve amount percentage	5%	5%
Net earnings percentage	10%	10%
Top of range [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Legal reserve amount percentage	10%	10%
Net earnings percentage	50%	50%
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Nominal value					$ 0.0001
Shares authorized					450,000,000
Preference shares [member]
IfrsStatementLineItems [Line Items]
Nominal value					$ 0.0001
Shares authorized					50,000,000

SCHEDULE OF BASIC AND DILUTED E

SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Earnings per share - basic	$ 0.31	$ (0.17)	$ (1.26)	$ 0.09
Earnings per share - diluted	$ 0.31	$ (0.17)	$ (1.26)	$ 0.09
Net earnings attributed to owners of the Group	$ 9,907,633	$ (4,762,860)	$ (38,123,976)	$ 2,628,360
Weighted average number of shares - basic	31,709,747	28,600,000	30,223,220	28,600,000
RSUs	153,421
Weighted average number of shares - diluted	31,863,168	28,600,000	30,223,220	28,600,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Earnings per share - basic					$ 0.11	$ 0.28	$ 0.14
Earnings per share - diluted					$ 0.11	$ 0.28	$ 0.14
Net earnings attributed to owners of the Group					$ 3,139,333	$ 8,028,610	$ 4,126,505
Weighted average number of shares - basic					28,600,000	28,600,000	28,600,000
Weighted average number of shares - diluted					28,600,000	28,600,000	28,600,000

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Diluted weighted average number of ordinary shares	0		0
Restricted share units [member]
IfrsStatementLineItems [Line Items]
Diluted weighted average number of ordinary shares		416,500

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Statutory tax rate	4.20%	61.20%	12.70%	32.20%
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Deferred tax assets					$ 4,328,781	$ 2,457,402
Deferred tax liabilities					40,434,260	39,434,005
Net operating loss carryforwards					2,428,097	$ 1,035,315
Unrecognized deferred tax assets					$ 3,347,445
COSTA RICA
IfrsStatementLineItems [Line Items]
Tax rate effect of foreign tax rates			30%
COSTA RICA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Statutory tax rate					30%
Withholding tax rate					15%
Withholding tax					$ 2,800,000
COLOMBIA
IfrsStatementLineItems [Line Items]
Tax rate effect of foreign tax rates			35%
COLOMBIA | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Alternative minimum tax rate					15%
Current tax liability increase					$ 1,200,000
PERU
IfrsStatementLineItems [Line Items]
Tax rate effect of foreign tax rates			29.50%

SCHEDULE OF EMPLOYEE BENEFITS (

SCHEDULE OF EMPLOYEE BENEFITS (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Short-term employee benefits	$ 2,438,663	$ 688,925	$ 3,530,427	$ 1,360,248
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Short-term employee benefits					$ 2,961,866	$ 2,126,750	$ 3,019,824
Severances					17,506	247,860	22,329
Total					$ 2,979,372	$ 2,374,610	$ 3,042,153

SCHEDULE OF RESTRICTED STOCK UN

SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING (Details)	6 Months Ended
	Jun. 30, 2024 shares
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Non-vested, Number of RSUs shares outstanding
Number of RSUs shares, granted	416,500
Number of RSUs shares, vested	(97,500)	[1]
Number of RSUs shares, forfeited
Non-vested, Number of RSUs shares outstanding	319,000
[1] Director Transaction and Retention RSUs – 97,500

SCHEDULE OF RESTRICTED STOCK _2

SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2024 shares Integer
IfrsStatementLineItems [Line Items]
Number of shares granted | shares	97,500	[1]
Restricted share units [member] | Board of Directors [Member]
IfrsStatementLineItems [Line Items]
Number of shares granted | Integer	97,500
[1] Director Transaction and Retention RSUs – 97,500

SHARE-BASED PAYMENTS (Details N

SHARE-BASED PAYMENTS (Details Narrative)		3 Months Ended		6 Months Ended
		Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) shares Integer $ / shares	Jun. 30, 2023 USD ($)
IfrsStatementLineItems [Line Items]
Number of shares vested | shares	[1]			97,500
Weighted average remaining contractual life				3 years
Number of shares remaining vested | shares		198,000		198,000
Share based payments | $		$ 1,140,218		$ 1,140,218
Restricted share units [member]
IfrsStatementLineItems [Line Items]
Weighted average grant date fair value | $ / shares				$ 9.70
Share based payments | $				$ 1,140,218
Restricted share units [member] | Board of Directors [Member]
IfrsStatementLineItems [Line Items]
Number of shares granted				97,500
Number of shares vested				97,500
Restricted share units [member] | Senior Executives [Member]
IfrsStatementLineItems [Line Items]
Number of shares granted				319,000
Number of shares vested				121,000
Weighted average remaining contractual life				3 years
[1] Director Transaction and Retention RSUs – 97,500

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Salaries	$ 391,165	$ 202,673	$ 590,486	$ 387,781
Cash performance bonus	248,076	113,600	374,445	232,697
Statutory bonus	14,829	9,736	27,921	24,771
One-time cash bonus related to Business Combination (refer to Note 3)			226,000
Non-executive director’s fees	176,484	41,500	229,290	41,500
Non-cash benefits	9,723	7,480	18,207	14,861
Share-based payment expense (refer to Note 16)	1,140,218		1,140,218
Total	1,980,495	374,989	2,606,567	701,610
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Salaries					$ 772,793	$ 835,448	$ 827,412
Cash performance bonus					576,148		346,118
Statutory bonus					52,284	104,956	93,168
Non-executive director’s fees					125,329	90,000	57,000
Non-cash benefits					4,783	4,587	4,962
Severance benefits						224,593
Total					$ 1,531,337	$ 1,259,584	$ 1,328,660

SCHEDULE OF LOAN RECEIVABLE (De

SCHEDULE OF LOAN RECEIVABLE (Details) - USD ($)	Jun. 30, 2024	Mar. 12, 2024	Dec. 31, 2023	Dec. 31, 2022	May 31, 2022	Jun. 30, 2021	Jul. 31, 2020
IfrsStatementLineItems [Line Items]
Notes receivable		$ 9,765,972
Total due from affiliates			$ 9,463,164
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Total due from affiliates			9,463,164	$ 8,798,945
Latam logistics investments llc [member]
IfrsStatementLineItems [Line Items]
Interest receivable			2,324,041
Notes receivable			7,139,123
Latam logistics investments llc [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Interest receivable			2,324,041	1,848,945
Notes receivable			$ 7,139,123	$ 6,950,000	$ 6,950	$ 4,850,000	$ 4,165,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 01, 2024	Jul. 31, 2020	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 12, 2024	May 31, 2022	Jun. 30, 2021	Jun. 25, 2015
IfrsStatementLineItems [Line Items]
Loans receivables			$ 61,683		$ 61,683		$ 49,479
Principal amount			277,400,780		277,400,780		271,344,270
Interest income from affiliates				$ 158,113	302,808	$ 314,488
Settlement through shares					3,250,201	98,400,674
Key management personnel compensation			289,982	111,376	477,845	249,004
Loans receivables										$ 9,765,972
Interest income			369,956	$ 52,917	680,446	$ 93,373
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Loans receivables							49,479	$ 120,062
Principal amount							271,344,270	215,849,667
Settlement through shares							152,482,361	13,335,183	$ 11,860,052
Key management personnel compensation							567,764
Interest income							300,189	94,130	$ 87,923
Amount owed to related parties
Latam logistics investments llc [member]
IfrsStatementLineItems [Line Items]
Loans receivables		$ 4,165,000									$ 6,950,000	$ 4,850,000	$ 3,015,000
Loans maturity		December 31, 2023
Principal amount			$ 6,265,000		$ 6,265,000
Annual interest rate			9%		9%
Increased annual interest rate			20%		20%
Settlement through shares	$ 9,765,972
Loans receivables							$ 7,139,123
Latam logistics investments llc [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Loans receivables		$ 4,165,000											$ 3,015,000
Annual interest rate							9%	9%
Loans receivables		$ 4,165,000					$ 7,139,123	$ 6,950,000			$ 6,950	$ 4,850,000
Ownership interest rate							8%
Interest income							$ 644,219	$ 561,372

SCHEDULE OF MATURITY ANALYSIS F

SCHEDULE OF MATURITY ANALYSIS FOR FINANCIAL LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses	$ 10,544,627	$ 13,127,502
Lease liability	8,133,938	8,182,400
Income tax payable	1,760,485	2,024,865
Retainage payable	1,558,684	1,737,805
Security deposits	2,500,277	2,161,515
Long and short-term debt	277,400,780	271,344,270
Total	301,898,791	298,578,357
Accounts payable and accrued expenses	3,800,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		8,182,400
Income tax payable		2,024,865	$ 663,703
Retainage payable		1,737,805	3,001,433
Security deposits		2,161,515	1,706,959
Long and short-term debt		271,344,270	215,849,667
Total		298,578,357	232,373,360
Accounts payable and accrued expenses		13,127,502	8,591,922
Deposit for the asset held for sale			2,400,000
Lease liability		3,175,404	159,676
Not later than one month [member]
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses	1,224,663	764,016
Lease liability	68,837	8,530
Income tax payable
Retainage payable
Security deposits	195,000
Long and short-term debt
Total	1,488,500	772,546
Not later than one month [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		8,530
Income tax payable
Retainage payable
Security deposits
Long and short-term debt			87,906,445
Total		772,546	88,288,762
Accounts payable and accrued expenses		764,016	382,317
Deposit for the asset held for sale
Lease liability
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses	3,104,396	4,472,279
Lease liability	84,502	33,060
Income tax payable	481,972	2,024,865
Retainage payable		155,207
Security deposits	92,727	83,234
Long and short-term debt	4,491,594	1,624,415
Total	8,255,191	8,393,060
Later than one month and not later than three months [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		33,060
Income tax payable		2,024,865	663,703
Retainage payable		155,207	302,066
Security deposits		83,234
Long and short-term debt		1,624,415	5,888,900
Total		8,393,060	13,769,556
Accounts payable and accrued expenses		4,472,279	6,899,250
Deposit for the asset held for sale
Lease liability			15,637
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses	6,215,568	7,891,207
Lease liability	255,966	238,423
Income tax payable	1,278,513
Retainage payable	1,558,684	1,582,598
Security deposits	48,074	287,727
Long and short-term debt	7,773,656	15,078,681
Total	17,130,461	25,078,636
Later than three months and not later than one year [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		238,423
Income tax payable
Retainage payable		1,582,598	2,699,367
Security deposits		287,727
Long and short-term debt		15,078,681	17,666,699
Total		25,078,636	24,123,506
Accounts payable and accrued expenses		7,891,207	1,310,355
Deposit for the asset held for sale			2,400,000
Lease liability			47,085
Later than one year and not later than five years [member]
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses
Lease liability	1,157,129	1,199,059
Income tax payable
Retainage payable
Security deposits	2,164,476	1,790,554
Long and short-term debt	42,772,305	43,032,169
Total	46,093,910	46,021,782
Later than one year and not later than five years [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		1,199,059
Income tax payable
Retainage payable
Security deposits		1,790,554	1,706,959
Long and short-term debt		43,032,169	29,632,991
Total		46,021,782	31,436,904
Accounts payable and accrued expenses
Deposit for the asset held for sale
Lease liability			96,954
Later than five years [member]
IfrsStatementLineItems [Line Items]
Accounts payable and accrued expenses
Lease liability	6,567,504	6,703,328
Income tax payable
Retainage payable
Security deposits
Long and short-term debt	222,363,225	211,609,005
Total	$ 228,930,729	218,312,333
Later than five years [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Lease liability		6,703,328
Income tax payable
Retainage payable
Security deposits
Long and short-term debt		211,609,005	74,754,632
Total		218,312,333	74,754,632
Accounts payable and accrued expenses
Deposit for the asset held for sale
Lease liability

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jun. 30, 2024	Feb. 29, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Investment property under development	$ 3,862,785
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Investment property under development			$ 8,067,067
Entering into significant commitments or contingent liabilities [member]
IfrsStatementLineItems [Line Items]
Counterparty settlement amount		$ 237,226
Entering into significant commitments or contingent liabilities [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Counterparty settlement amount		$ 244,151

SCHEDULE OF OWNERSHIP STRUCTURE

SCHEDULE OF OWNERSHIP STRUCTURE (Details) - Latam Logistic Properties SA [member] - shares		Dec. 31, 2023	Dec. 31, 2022
DisclosureofApprovalofCondensedConsolidatedInterimFinancialStatementsLineItems [Line Items]
Number of common shares		168,142,740	168,142,740
Ownership percentage		100%	100%
Jrep I logistics acquisition lp [member]
DisclosureofApprovalofCondensedConsolidatedInterimFinancialStatementsLineItems [Line Items]
Number of common shares	[1]	149,378,010	149,378,010
Ownership percentage	[1]	88.80%	88.80%
Latam logistics investments llc [member]
DisclosureofApprovalofCondensedConsolidatedInterimFinancialStatementsLineItems [Line Items]
Number of common shares		13,451,419	13,451,419
Ownership percentage		8%	8%
Latam logistic equity partners llc [member]
DisclosureofApprovalofCondensedConsolidatedInterimFinancialStatementsLineItems [Line Items]
Number of common shares		5,313,311	5,313,311
Ownership percentage		3.20%	3.20%
[1]JREP I Logistics Acquisition L.P. (“JREP I”) is the Group’s majority shareholder and controlling investor with 88.8

SCHEDULE OF MIMIMUM LEASE PAYME

SCHEDULE OF MIMIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE OPERATING LEASES (Details) - Latam Logistic Properties SA [member]	Dec. 31, 2023 USD ($)
DisclosureofRevenueLineItems [Line Items]
2024	$ 38,723,655
2025	35,919,432
2026	32,869,113
2027	29,297,600
2028	21,488,945
Thereafter	69,406,401
Total	$ 227,705,146

SCHEDULE OF CASH AND CASH EQUIV

SCHEDULE OF CASH AND CASH EQUIVALENTS (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total	$ 48,173,742	$ 1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Latam Logistic Properties SA [member]
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total			35,242,363		14,988,112	$ 17,360,353	$ 15,458,803
Latam Logistic Properties SA [member] | Colombia, Pesos
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total			1,445,179		1,117,352
Latam Logistic Properties SA [member] | Costa Rica, Colones
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total			6,599		15,287
Latam Logistic Properties SA [member] | Peru, Nuevos Soles
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total			479,057		237,240
Latam Logistic Properties SA [member] | United States of America, Dollars
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Total			$ 33,311,528		$ 13,618,233

SCHEDULE OF GROSS CARRYING AMOU

SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR LEASE RECEIVABLES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Lease receivables, net	$ 2,472,738	$ 2,703,760
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Gross carrying amount		3,535,565	$ 4,290,892
Loss allowance provision		(831,805)	(2,646,337)
Lease receivables, net		$ 2,703,760	$ 1,644,555

SCHEDULE OF GROSS CARRYING AM_2

SCHEDULE OF GROSS CARRYING AMOUNT AND LOSS ALLOWANCE PROVISION FOR TENANT NOTES RECEIVABLES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Tenant notes receivables - short term, net	$ 850,406	$ 804,749
Tenant notes receivables - long term, net	$ 5,565,780	6,002,315
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Gross carrying amount - short term		818,250	$ 764,523
Loss allowance provision - short term		(13,501)	(12,615)
Tenant notes receivables - short term, net		804,749	751,908
Gross carrying amount - long term		6,103,015	6,910,609
Loss allowance provision - long term		(100,700)	(114,025)
Tenant notes receivables - long term, net		$ 6,002,315	$ 6,796,584

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2024
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Restricted cash equivalents	$ 2,681,110			$ 4,739,916
Restricted cash equivalents - short-term	2,000,000			$ 2,000,000
Latam Logistic Properties SA [member]
DisclosureofCashCashEquivalentsandRestrictedCashLineItems [Line Items]
Cash	2,993,045	$ 2,465,008
Restricted cash equivalents	2,681,110	3,252,897
Restricted cash equivalents - short-term	2,000,000
Accrued payables for investment properties	2,078,508	1,247,256	$ 2,891,858
Increase for new lease liabilities	2,623,092	$ 376,325	$ 0
Increase in receivables from the sale	7,577,092
Decrease of long-term debt	8,299,867
Non-cash capital contribution from a non-controlling partner	$ 2,162
Expected credit loss allowance rate	100%
Weighted average annual interest rate	10.70%	10.70%
Weighted average remaining loan term	7 years 2 months 12 days	8 years 1 month 6 days

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Property and equipment, ending balance	$ 354,437
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	427,719
Property and equipment, ending balance	354,437	$ 427,719
Vehicles [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	11,297
Property and equipment, ending balance	24,943	11,297
Furniture And Office Equipment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	188,268
Property and equipment, ending balance	157,522	188,268
Computer equipment [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	109,613
Property and equipment, ending balance	83,745	109,613
Leasehold improvements [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	118,541
Property and equipment, ending balance	88,227	118,541
Gross carrying amount [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	862,905	938,755
Additions	126,476	88,487
Retirements	(219,580)	(157,930)
Foreign currency translation effect	20,159	(6,407)
Property and equipment, ending balance	789,960	862,905
Gross carrying amount [member] | Vehicles [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	20,125	16,022
Additions	18,235	4,103
Retirements	(1,000)
Foreign currency translation effect
Property and equipment, ending balance	37,360	20,125
Gross carrying amount [member] | Furniture And Office Equipment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	360,967	354,437
Additions	27,704	20,734
Retirements	(36,296)	(4,174)
Foreign currency translation effect	12,383	(10,030)
Property and equipment, ending balance	364,758	360,967
Gross carrying amount [member] | Computer equipment [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	225,888	192,418
Additions	6,478	38,122
Retirements	(251)	(1,366)
Foreign currency translation effect	5,912	(3,286)
Property and equipment, ending balance	238,027	225,888
Gross carrying amount [member] | Leasehold improvements [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	255,925	375,878
Additions	74,059	25,528
Retirements	(182,033)	(152,390)
Foreign currency translation effect	1,864	6,909
Property and equipment, ending balance	149,815	255,925
Accumulated depreciation [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	435,186	436,011
Additions	107,229	124,287
Retirements	(116,871)	(126,216)
Foreign currency translation effect	9,979	1,104
Property and equipment, ending balance	435,523	435,186
Accumulated depreciation [member] | Vehicles [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	8,828	6,370
Additions	3,689	2,458
Retirements	(100)
Foreign currency translation effect
Property and equipment, ending balance	12,417	8,828
Accumulated depreciation [member] | Furniture And Office Equipment [Member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	172,699	128,216
Additions	49,188	50,955
Retirements	(20,856)	(2,217)
Foreign currency translation effect	6,205	(4,255)
Property and equipment, ending balance	207,236	172,699
Accumulated depreciation [member] | Computer equipment [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	116,275	87,206
Additions	34,866	31,454
Retirements	(11)	(524)
Foreign currency translation effect	3,152	(1,861)
Property and equipment, ending balance	154,282	116,275
Accumulated depreciation [member] | Leasehold improvements [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31	137,384	214,219
Additions	19,486	39,420
Retirements	(95,904)	(123,475)
Foreign currency translation effect	622	7,220
Property and equipment, ending balance	$ 61,588	$ 137,384

SCHEDULE OF FAIR VALUE SENSITIV

SCHEDULE OF FAIR VALUE SENSITIVITY ANALYSIS (Details) - Latam Logistic Properties SA [member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Impact of basis points on excit cap rate decreased [member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	$ (2,987,585)	$ (2,697,642)
Impact of basis points on discount rate decrease [member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	(3,356,702)	(2,905,108)
Impact of basis points on excit cap rate and discount rate decrease [member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	(6,264,419)	(5,565,415)
Impact of Basis Points on Excit Cap Rate Increased [Member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	2,987,585	2,697,642
Impact of Basis Points on Discount Rate Increased [Member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	3,356,702	2,905,108
Impact of Basis Points on Excit Cap Rate and Discount Rate Increased [Member]
IfrsStatementLineItems [Line Items]
Building and land Increase (decrease)	$ 6,264,419	$ 5,565,415

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Loss on disposal of property and equipment		$ 82,465
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Loss on disposal of property and equipment			$ 83,389	$ 30,269	$ 925
Depreciation expense			$ 107,229	$ 124,287	$ 139,896

ASSET HELD FOR SALE (Details Na

ASSET HELD FOR SALE (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 23, 2023	Jan. 27, 2022	May 24, 2021	May 21, 2021
IfrsStatementLineItems [Line Items]
Asset held for sale											$ 4,000,000
Gain on sale of asset held for sale		$ 1,022,853		$ 1,022,853
1st Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale										$ 1,200,000	1,200,000
2nd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale									$ 1,200,000		1,200,000
3rd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale								$ 1,600,000			1,600,000
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Asset held for sale						$ 2,977,147					4,000,000
Gain on sale of asset held for sale					$ 1,022,853
Latam Logistic Properties SA [member] | 1st Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale										$ 1,200,000	1,200,000
Latam Logistic Properties SA [member] | 2nd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale									$ 1,200,000		1,200,000
Latam Logistic Properties SA [member] | 3rd Installment Payment [Member]
IfrsStatementLineItems [Line Items]
Asset held for sale								$ 1,600,000			$ 1,600,000

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total	$ 10,544,627	$ 13,127,502
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Trade payables		6,276,451	$ 1,875,979
Accrued interest		752,874	2,650,535
Accrued development cost		1,308,567	2,411,190
Accrued employee benefits and related obligations		976,268	307,673
Accrued professional service fees		3,007,558	268,939
Other accrued expenses		805,784	1,077,606
Total		$ 13,127,502	$ 8,591,922

SCHEDULE OF ORIGINAL LEASE TERM

SCHEDULE OF ORIGINAL LEASE TERMS AND REMAINING LEASE TERMS (Details) - Latam Logistic Properties SA [member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Weighted average original lease term	3 years 3 months 18 days
Weighted average remaining lease term	2 years 2 months 12 days	3 years 3 months 18 days
COSTA RICA
IfrsStatementLineItems [Line Items]
Weighted average original lease term	2 years 10 months 24 days
Weighted average remaining lease term	2 years 2 months 12 days
COLOMBIA
IfrsStatementLineItems [Line Items]
Weighted average original lease term	3 years 9 months 18 days
Weighted average remaining lease term	2 years 1 month 6 days

SCHEDULE OF RIGHT-OF-USE ASSETS

SCHEDULE OF RIGHT-OF-USE ASSETS, INCLUDED IN OTHER NON-CURRENT ASSETS (Details) - Latam Logistic Properties SA [member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Additions	$ 115,100	$ 148,326	$ 0
Net book value	130,402	179,460
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31, 2022	457,725	452,460
Additions	115,100	148,326
Retirements	(339,721)	(112,740)
Foreign currency translation effect	30,509	(30,321)
Balance as of December 31, 2023	263,613	457,725	452,460
Balance as of December 31	(457,725)	(452,460)
Balance as of December 31	(263,613)	(457,725)	(452,460)
Accumulated depreciation and amortisation [member]
IfrsStatementLineItems [Line Items]
Balance as of December 31, 2022	(327,323)	(317,337)
Additions	60,666	104,198
Retirements	(311,951)	(111,688)
Foreign currency translation effect	8,115	17,476
Balance as of December 31, 2023	(84,153)	(327,323)	(317,337)
Balance as of December 31	327,323	317,337
Balance as of December 31	$ 84,153	$ 327,323	$ 317,337

SCHEDULE OF LEASE COMMITMENT FU

SCHEDULE OF LEASE COMMITMENT FUTURE MINIMUM RENTAL PAYMENTS (Details) - Latam Logistic Properties SA [member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
2024	$ 271,483
2025	346,403
2026	315,639
2027	268,064
2028	268,953
Thereafter	6,711,858
Total undiscounted rental payments	8,182,400
Less: imputed interest	(5,006,996)
Total lease liability	$ 3,175,404	$ 159,676

SCHEDULE OF WEIGHTED AVERAGE NE

SCHEDULE OF WEIGHTED AVERAGE NET EFFECTIVE INTEREST RATE (Details) - Latam Logistic Properties SA [member] - USD ($)		Dec. 31, 2023	Dec. 31, 2022
DisclosureOfLongTermDebtLineItems [Line Items]
Weighted average interest rate	[1]	8.80%	9.30%
Loan amount outstanding		$ 271,344,270	$ 215,849,667
Mortgage loan [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Weighted average interest rate	[1]	8.50%	9.20%
Loan amount outstanding		$ 264,803,278	$ 200,849,667
Bridge loans [member]
DisclosureOfLongTermDebtLineItems [Line Items]
Weighted average interest rate	[1]	20.20%	10.70%
Loan amount outstanding		$ 6,540,992	$ 15,000,000
[1]The interest rate presented represent the effective interest rate (including debt issuance costs) at the end of the year for the debt outstanding.

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Repayment of office lease liabilities	$ 30,224	$ 16,284
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Weighted average remaining lease term			2 years 2 months 12 days	3 years 3 months 18 days
Short-term office lease liability			$ 65,886	$ 54,327
Long-term lease liability			$ 135,612	$ 88,553
Weighted average discount rate			7.10%	7.10%	7.30%
Interest expense on lease liabilities			$ 11,667	$ 13,400	$ 15,292
Repayment of office lease liabilities			50,112	163,072	99,380
Additions to right-of-use assets			115,100	148,326	0
Right-of-use amortization expense related to office space			60,666	104,198	96,662
Latam Logistic Properties SA [member] | Investments property [member]
IfrsStatementLineItems [Line Items]
Short-term office lease liability			172,963	7,875
Long-term lease liability			$ 2,800,943	2,728,115
Weighted average discount rate			8.50%
Interest expense on lease liabilities			$ 237,916	0	0
Additions to right-of-use assets			2,507,992	227,999	$ 0
Right-of-use assets			$ 12,260,000	$ 227,999

SCHEDULE OF GROUP OWNERSHIPS PE

SCHEDULE OF GROUP OWNERSHIPS PERCENTAGE AND NON CONTROLLING INTERESTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2024
IfrsStatementLineItems [Line Items]
Non-controlling interests	$ 38,616,515		$ 44,615,815
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Non-controlling interests	$ 38,616,515	$ 33,252,465
Latam parque logistico coyol II [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Country	Costa Rica
Ownership percentage	50%	50%
Non-controlling interests	$ 4,818,254	$ 8,885,098
Latam parque logistico san jose verbena [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Country	Costa Rica
Ownership percentage	23.60%	23.60%
Non-controlling interests	$ 27,971,004	$ 23,567,619
Parque logistico callao [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Country	Peru
Ownership percentage	40%	50%
Non-controlling interests	$ 5,827,257	$ 799,748

SCHEDULE OF PARTNERSHIP ENTITIE

SCHEDULE OF PARTNERSHIP ENTITIES PAID DISTRIBUTION TO NON-CONTROLLING INVESTEE PARTNERS (Details) - Latam Logistic Properties SA [member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total distributions paid to non—controlling partners	$ 4,522,936	$ 2,067,803	$ 1,024,747
Latam parque logistico coyol II [member]
IfrsStatementLineItems [Line Items]
Total distributions paid to non—controlling partners	3,675,054	350,000	250,000
Latam parque logistico san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total distributions paid to non—controlling partners	847,882	754,231	774,747
Latam lagunilla industrial park [member]
IfrsStatementLineItems [Line Items]
Total distributions paid to non—controlling partners		$ 963,572

SCHEDULE OF NON-CONTROLLING PAR

SCHEDULE OF NON-CONTROLLING PARTNERSHIP ENTITIES TOTAL ASSETS AND TOTAL LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 48,173,742	$ 1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Lease and other receivables, net	3,384,827		3,557,988
Other current assets	3,276,935		2,791,593
Prepaid construction	298,223		1,123,590
NON-CURRENT ASSETS:
Investment properties	525,862,522		514,172,281	$ 490,403,620	449,036,633
Property and equipment, net	329,868		354,437
Restricted cash equivalent	2,739,916		681,110
Other non-current assets	5,483,834		5,218,787
TOTAL ASSETS	604,189,764		590,825,310
CURRENT LIABILITIES:
Accounts payable and accrued expenses	10,544,627		13,127,502
Other current liabilities	790,547		959,539
NON-CURRENT LIABILITIES:
Long—term debt	263,590,781		253,151,137
Security deposits	2,500,277		1,790,554
Other non-current liabilities	4,137,761		2,936,555
TOTAL LIABILITIES	334,976,588		329,882,393
EQUITY:
Equity attributable to owners of the Group	224,597,361		222,326,402
Non—controlling interests	$ 44,615,815		38,616,515
Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			35,242,363		14,988,112	$ 17,360,353	$ 15,458,803
Lease and other receivables, net			3,557,988		2,516,525
Other current assets			3,443,518		1,708,313
Prepaid construction			1,123,590		2,317,383
NON-CURRENT ASSETS:
Investment properties			514,172,281		449,036,633	$ 428,275,741	$ 364,307,039
Property and equipment, net			354,437		427,719
Deferred tax asset			4,328,781		2,457,402
Restricted cash equivalent			681,110		3,252,897
Other non-current assets			5,218,787		4,559,330
TOTAL ASSETS			590,825,310		497,618,869
CURRENT LIABILITIES:
Accounts payable and accrued expenses			13,127,502		8,591,922
Deposits for the sale of assets					2,400,000
Due to affiliates
Other current liabilities			959,539		54,983
NON-CURRENT LIABILITIES:
Long—term debt			253,151,137		98,383,315
Security deposits			1,790,554		1,706,959
Other non-current liabilities			2,936,555		590,740
Deferred tax liability			40,434,260		39,434,005
TOTAL LIABILITIES			329,882,393		263,552,399
EQUITY:
Equity attributable to owners of the Group			222,326,402		200,814,005
Non—controlling interests			38,616,515		33,252,465
Latam parque logistico coyol II [member] | Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			1,301,121		896,623
Lease and other receivables, net			34,021		15,587
Other current assets			37,932		17,695
Prepaid construction
NON-CURRENT ASSETS:
Investment properties			29,708,000		30,613,000
Asset held for sale
Property and equipment, net
Deferred tax asset
Restricted cash equivalent			480,000		339,900
Other non-current assets
TOTAL ASSETS			31,561,074		31,882,805
CURRENT LIABILITIES:
Accounts payable and accrued expenses			229,988		315,637
Deposits for the sale of assets
Due to affiliates
Other current liabilities
NON-CURRENT LIABILITIES:
Long—term debt			18,285,023		9,780,656
Security deposits			195,000		195,000
Other non-current liabilities
Deferred tax liability			3,214,523		3,821,316
TOTAL LIABILITIES			21,924,534		14,112,609
EQUITY:
Equity attributable to owners of the Group			4,818,286		8,885,098
Non—controlling interests			4,818,254		8,885,098
Latam parque logistico san jose verbena [member] | Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			1,666,657		484,230
Lease and other receivables, net			7,326,802		6,406,948
Other current assets			843,894		16,126
Prepaid construction					1,020,664
NON-CURRENT ASSETS:
Investment properties			80,878,055		63,278,220
Asset held for sale					2,996,471
Property and equipment, net			25,613		3,795
Deferred tax asset
Restricted cash equivalent
Other non-current assets					587,064
TOTAL ASSETS			90,741,021		74,793,518
CURRENT LIABILITIES:
Accounts payable and accrued expenses			3,027,672		1,874,696
Deposits for the sale of assets					2,400,000
Due to affiliates			15,269
Other current liabilities
NON-CURRENT LIABILITIES:
Long—term debt			44,926,842		34,947,249
Security deposits			336,145		196,755
Other non-current liabilities
Deferred tax liability			5,863,957		4,511,336
TOTAL LIABILITIES			54,169,885		43,930,036
EQUITY:
Equity attributable to owners of the Group			8,600,132		7,295,863
Non—controlling interests			27,971,004		23,567,619
Parque logistico callao [member] | Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			25,267		1,084,155
Lease and other receivables, net			2,023,086		87,168
Other current assets			274,592
Prepaid construction					86,693
NON-CURRENT ASSETS:
Investment properties			12,879,976		386,525
Asset held for sale
Property and equipment, net			4,108
Deferred tax asset			688,485		34,639
Restricted cash equivalent
Other non-current assets
TOTAL ASSETS			15,895,514		1,679,180
CURRENT LIABILITIES:
Accounts payable and accrued expenses			3,148,102		28,290
Deposits for the sale of assets
Due to affiliates
Other current liabilities			325,811
NON-CURRENT LIABILITIES:
Long—term debt
Security deposits			51,394		51,394
Other non-current liabilities			2,800,943
Deferred tax liability
TOTAL LIABILITIES			6,326,250		79,684
EQUITY:
Equity attributable to owners of the Group			3,742,007		799,748
Non—controlling interests			$ 5,827,257		$ 799,748

SCHEDULE OF NET EARNINGS ATTRIB

SCHEDULE OF NET EARNINGS ATTRIBUTABLE TO NON-CONTROLLING PARTNERSHIP (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests	$ 2,524,027	$ 360	$ 4,095,850	$ 3,182,020
Latam Logistic Properties SA [member]
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests					$ 4,016,672	$ 3,412,623	$ 4,542,880
Latam Logistic Properties SA [member] | Latam parque logistico coyol II [member]
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests					(215,926)	1,358,675	130,433
Latam Logistic Properties SA [member] | Latam parque logistico san jose verbena [member]
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests					4,682,615	2,177,996	4,323,820
Latam Logistic Properties SA [member] | Latam lagunilla industrial park [member]
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests						(111,583)	111,583
Latam Logistic Properties SA [member] | Parque logistico callao [member]
Net earnings (loss) attributable to non-controlling interests
Net earnings (loss) attributable to non-controlling interests					$ (450,017)	$ (12,465)	$ (22,956)

SCHEDULE OF INCOME TAX FROM CON

SCHEDULE OF INCOME TAX FROM CONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureofIncomeTaxLineItems [Line Items]
Tax expense	$ 539,160	$ 1,807,943	$ 3,846,518	$ 2,759,558
Latam Logistic Properties SA [member]
DisclosureofIncomeTaxLineItems [Line Items]
Current income tax expense					$ 6,209,629	$ 1,044,399	$ 175,631
Deferred income tax (benefit) expense					(1,229,007)	1,192,108	8,581,072
Tax expense					$ 4,980,622	$ 2,236,507	$ 8,756,703

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureofIncomeTaxLineItems [Line Items]
Net profit before taxes	$ 12,970,820	$ (2,954,557)	$ (30,181,608)	$ 8,569,938
Tax expense	$ 539,160	$ 1,807,943	$ 3,846,518	$ 2,759,558
Latam Logistic Properties SA [member]
DisclosureofIncomeTaxLineItems [Line Items]
Net profit before taxes					$ 12,136,627	$ 13,677,740	$ 17,426,088
Income tax expense calculated at Costa Rica statutory tax rate of 30%					3,640,988	4,103,322	5,227,826
Foreign rate differential					1,442,871	61,500	551,388
Tax attributable to exchange gain/loss					(3,048,684)	(1,882,252)	2,056,492
Change in unrecognized deferred tax assets					(648,037)	(238,549)	1,039,818
Withholding tax					2,750,903
Alternative minimum tax					1,161,583
Other					(319,002)	192,486	(118,821)
Tax expense					$ 4,980,622	$ 2,236,507	$ 8,756,703

SCHEDULE OF EFFECTIVE INCOME _2

SCHEDULE OF EFFECTIVE INCOME TAX EXPENSES (Details) (Parenthetical)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
DisclosureofIncomeTaxLineItems [Line Items]
Statutory tax rate	4.20%	61.20%	12.70%	32.20%
COSTA RICA | Latam Logistic Properties SA [member]
DisclosureofIncomeTaxLineItems [Line Items]
Statutory tax rate					30%

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - Latam Logistic Properties SA [member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets
Net operating loss and tax credit carryforwards	$ 2,428,097	$ 1,035,315
Allowance for uncollectible accounts	261,877	816,340
Other accruals	480,299	130,407
Fixed assets	133,781	191,031
Employee benefits	209,820	209,535
Office rent liability	65,656	47,845
Deferred debt interest	741,560
Other	7,691	26,929
Total deferred tax assets	4,328,781	2,457,402
Deferred tax liabilities:
Investment properties unrealized gain	(36,507,341)	(36,806,923)
Prepaid and other assets	(141,469)	(96,537)
Deferred financing cost	(3,698,940)	(2,388,299)
Right-of-use asset	(86,510)	(142,246)
Total deferred tax liabilities	(40,434,260)	(39,434,005)
Net deferred tax liability	$ (36,105,479)	$ (36,976,603)

SCHEDULE OF FINANCIAL ASSETS (D

SCHEDULE OF FINANCIAL ASSETS (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents	$ 48,173,742	$ 1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Due from affiliates			9,463,164
Restricted cash equivalent	$ 4,739,916		2,681,110
Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents			35,242,363		14,988,112	$ 17,360,353	$ 15,458,803
Receivables from the sale of investment properties			9,030,614
Lease and other receivables			10,506,310		9,313,109
Due from affiliates			9,463,164		8,798,945
Restricted cash equivalent			2,681,110		3,252,897
Total financial assets			$ 66,923,561		$ 36,353,063

SCHEDULE OF FOREIGN CURRENCY _2

SCHEDULE OF FOREIGN CURRENCY EXCHANGE (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents	$ 48,173,742	$ 1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Lease and other receivables, net	8,950,607		9,560,303
Accounts payable and accrued expenses	$ 3,800,000
Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents			35,242,363		14,988,112	$ 17,360,353	$ 15,458,803
Lease and other receivables, net			9,560,303		9,313,109
Accounts payable and accrued expenses			13,127,502		8,591,922
CRC [member] | Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents			6,599		15,287
Lease and other receivables, net			60,248		33,017
Other current and non-current assets			3,150,470		1,716,789
Sub-total			3,217,317		1,765,093
Accounts payable and accrued expenses			2,569,080		181,451
Sub-total			2,569,080		181,451
Net			648,237		1,583,642
PEN [member] | Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents			479,057		237,240
Lease and other receivables, net			135,275		104,889
Other current and non-current assets			3,694,802		2,306,510
Sub-total			4,309,134		2,648,639
Accounts payable and accrued expenses			1,658,228		179,676
Sub-total			1,658,228		179,676
Net			2,650,906		2,468,963
Foreign currency [member] | Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Cash and cash equivalents			485,656		252,527
Lease and other receivables, net			195,523		137,906
Other current and non-current assets			6,845,272		4,023,299
Sub-total			7,526,451		4,413,732
Accounts payable and accrued expenses			4,227,308		361,127
Sub-total			4,227,308		361,127
Net			$ 3,299,143		$ 4,052,605

SCHEDULE OF SENSITIVITY ANALYSI

SCHEDULE OF SENSITIVITY ANALYSIS (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DisclosureofFinancialRiskManagementLineItems [Line Items]
Profit or Loss	$ 12,431,660	$ (4,762,500)	$ (34,028,126)	$ 5,810,380
Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Profit or Loss					$ 7,156,005	$ 11,441,233	$ 8,669,385
Strengthening [member] | Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Profit or Loss					329,914	405,261	508,411
Equity					8,868,986	4,941,161	6,191,813
Weakening [member] | Latam Logistic Properties SA [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Profit or Loss					(329,914)	(405,261)	(508,411)
Equity					$ (8,868,986)	$ (4,941,161)	$ (6,191,813)

SCHEDULE OF SENSITIVITY ANALY_2

SCHEDULE OF SENSITIVITY ANALYSIS OF LONG-TERM DEBT (Details) - Latam Logistic Properties SA [member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Long-term borrowings [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Increase in Interest rate	$ 207,854,235	$ 209,326,775
Decrease in Interest rate	207,854,235	209,326,775
1% [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Increase in Interest rate	(2,078,542)	(2,093,268)
Decrease in Interest rate	2,078,542	2,093,268
2% [member]
DisclosureofFinancialRiskManagementLineItems [Line Items]
Increase in Interest rate	(4,157,085)	(4,186,536)
Decrease in Interest rate	$ 4,157,085	$ 4,186,536

NON_CONTROLLING INTERESTS (Deta

NON—CONTROLLING INTERESTS (Details Narrative) - Latam Logistic Properties SA [member] - USD ($)				1 Months Ended			12 Months Ended
	Mar. 12, 2024	Nov. 24, 2023	Sep. 17, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2018	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Loss on sale of investment properties							$ 398,247	$ 486,863
Differences in foreign currency							$ 88,689,861	$ 49,411,608
Sensitivity analysis percentage							10%	10%
Sensitivity analysis rate							1%	2%
Entering into significant commitments or contingent liabilities [member]
IfrsStatementLineItems [Line Items]
Ordinary Shares	2,288,000
Two partnership entities [member]
IfrsStatementLineItems [Line Items]
Percentage of interest not own			100%			100%
Three partnership entities [member]
IfrsStatementLineItems [Line Items]
Percentage of interest not own					100%
One Partnership Entity [Member]
IfrsStatementLineItems [Line Items]
Percentage of interest not own				100%
Description of group participation in partnership entity				According to the initial terms of the partnership agreement, the Group participation in the partnership entity will be of 50% during the construction of the first two phases with a dilution in the construction of the remaining two phases for a total participation of 33% at the end of the fourth phase.
Capiaradix fondode inversion [member]
IfrsStatementLineItems [Line Items]
Non-controlling interest		60%
Ownership interest decreased percent		40%

Condensed Statements of Profit

Condensed Statements of Profit or Loss and Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
General and administrative	$ (4,556,683)	$ (1,076,238)	$ (6,250,780)	$ (2,197,893)
Interest income from affiliates		158,113	302,808	314,488
Financing costs	(5,808,977)	(12,134,876)	(11,371,356)	(17,636,918)
Transaction-related costs	(6,804)	(53,342)	(6,179,179)	(55,074)
Profit before taxes	12,970,820	(2,954,557)	(30,181,608)	8,569,938
Income tax expense	(539,160)	(1,807,943)	(3,846,518)	(2,759,558)
Comprehensive income (loss)	$ 12,431,660	$ (4,762,500)	$ (34,028,126)	$ 5,810,380
Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
General and administrative					$ (8,508,862)	$ (4,609,195)	$ (5,394,201)
Financing costs					(31,111,064)	(11,766,726)	(9,799,558)
Transaction-related costs					(6,150,988)	(306,059)	(1,367,647)
Profit before taxes					12,136,627	13,677,740	17,426,088
Income tax expense					(4,980,622)	(2,236,507)	(8,756,703)
Comprehensive income (loss)					7,156,005	11,441,233	8,669,385
Parent [member] | Latam Logistic Properties SA [member]
IfrsStatementLineItems [Line Items]
Dividend income					18,210,046
General and administrative					(2,878,896)	(498,457)	(429,990)
Interest income from affiliates					694,628	632,490	626,047
Financing costs					(718,844)	(1,226,265)	(584,487)
Transaction-related costs					(6,128,965)
Other income (expense), net					61,530	(4,875)	(1,187,272)
Profit before taxes					9,239,499	(1,097,107)	(1,575,702)
Income tax expense					(2,745,090)
Comprehensive income (loss)					$ 6,494,409	$ (1,097,107)	$ (1,575,702)

Condensed Statements of Financi

Condensed Statements of Financial Position (Details) - USD ($)	Jun. 30, 2024	Mar. 26, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 48,173,742	$ 1,121,150	$ 35,242,363	$ 14,884,417	$ 14,988,112
Due from subsidiaries and affiliated companies			9,463,164
Other current assets	3,276,935		2,791,593
Total current assets	63,895,466		58,903,014
NON-CURRENT ASSETS:
Restricted cash equivalent	2,739,916		681,110
Property and equipment, net	329,868		354,437
Total non-current assets	540,294,298		531,922,296
TOTAL ASSETS	604,189,764		590,825,310
CURRENT LIABILITIES:
Accounts payable and accrued expenses	10,544,627		13,127,502
Long term debt - current portion	12,287,698		16,703,098
Total current liabilities	26,942,041		34,552,809
TOTAL LIABILITIES	334,976,588		329,882,393
EQUITY:
Total equity	269,213,176		260,942,917	$ 246,081,782	234,066,470
TOTAL LIABILITIES AND EQUITY	$ 604,189,764		590,825,310
Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			35,242,363		14,988,112	$ 17,360,353	$ 15,458,803
Due from subsidiaries and affiliated companies			9,463,164		8,798,945
Other current assets			3,443,518		1,708,313
Total current assets			58,903,014		33,306,425
NON-CURRENT ASSETS:
Restricted cash equivalent			681,110		3,252,897
Property and equipment, net			354,437		427,719
Total non-current assets			531,922,296		464,312,444
TOTAL ASSETS			590,825,310		497,618,869
CURRENT LIABILITIES:
Accounts payable and accrued expenses			13,127,502		8,591,922
Long term debt - current portion			16,703,098		110,943,460
Total current liabilities			34,552,809		125,655,501
TOTAL LIABILITIES			329,882,393		263,552,399
EQUITY:
Total equity			260,942,917		234,066,470	237,526,772	238,320,832
TOTAL LIABILITIES AND EQUITY			590,825,310		497,618,869
Parent [member] | Latam Logistic Properties SA [member]
CURRENT ASSETS:
Cash and cash equivalents			788,008		2,823,003	$ 6,307,144	$ 3,571,961
Due from subsidiaries and affiliated companies			9,463,164		9,055,658
Other current assets			11,454		23,315
Total current assets			10,262,626		11,901,976
NON-CURRENT ASSETS:
Investments in subsidiaries			168,496,857		166,927,780
Restricted cash equivalent					1,205,162
Property and equipment, net			46,767		64,394
Total non-current assets			168,543,624		168,197,336
TOTAL ASSETS			178,806,250		180,099,312
CURRENT LIABILITIES:
Accounts payable and accrued expenses			5,086,924		336,055
Due to subsidiaries and affiliated companies			2,459,935
Long term debt - current portion					14,998,275
Total current liabilities			7,546,859		15,334,330
TOTAL LIABILITIES			7,546,859		15,334,330
EQUITY:
Total equity			171,259,391		164,764,982
TOTAL LIABILITIES AND EQUITY			$ 178,806,250		$ 180,099,312

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Profit for the year	$ 12,431,660	$ (4,762,500)	$ (34,028,126)	$ 5,810,380
Adjustments:
Depreciation and amortization			55,534	54,205
Financing costs	5,808,977	12,134,876	11,371,356	17,636,918
Income tax expense			3,846,518	2,759,558
Working capital adjustments:
Income tax paid			(3,900,763)	(3,842,718)
Net cash provided by operating activities			7,208,539	8,302,628
Cash flows from investing activities:
Purchases of property and equipment			(19,886)	(107,305)
Restricted cash equivalent			(2,058,806)	1,957,953
Net cash used in investing activities			(11,001,373)	(6,849,875)
Cash flows from financing activities:
Long-term debt borrowing			13,091,001	113,971,395
Repayment of long-term debt			(3,250,201)	(98,400,674)
Net cash provided by financing activities			16,837,790	(1,695,641)
Net increase (decrease) in cash and cash equivalents			12,931,379	(103,695)
Cash and cash equivalents at the beginning of year			35,242,363	14,988,112	$ 14,988,112
Cash and cash equivalents at the end of year	$ 48,173,742	$ 14,884,417	48,173,742	14,884,417	35,242,363	$ 14,988,112
Latam Logistic Properties SA [member]
Cash flows from operating activities:
Profit for the year					7,156,005	11,441,233	$ 8,669,385
Adjustments:
Depreciation and amortization					107,229	124,287	139,896
Financing costs					31,111,064	11,766,726	9,799,558
Income tax expense					4,980,622	2,236,507	8,756,703
Working capital adjustments:
Increase (decrease) in accounts payable and accrued expenses					4,963,720	(1,558,595)	619,206
Income tax paid					(4,639,456)	(324,624)	(1,392,680)
Net cash provided by operating activities					17,199,470	19,611,145	9,852,251
Cash flows from investing activities:
Purchases of property and equipment					(126,476)	(88,487)	(97,687)
Restricted cash equivalent					571,787	620,450	3,812,470
Net cash used in investing activities					(23,200,222)	(36,483,936)	(66,861,963)
Cash flows from financing activities:
Long-term debt borrowing					205,676,643	44,217,867	78,626,400
Repayment of long-term debt					(152,482,361)	(13,335,183)	(11,860,052)
Cash paid for raising debt					(814,661)	(41,550)	(1,070,987)
Net cash provided by financing activities					25,977,456	14,804,304	59,264,058
Net increase (decrease) in cash and cash equivalents					20,254,251	(2,372,241)	1,901,550
Cash and cash equivalents at the beginning of year			35,242,363	14,988,112	14,988,112	17,360,353	15,458,803
Cash and cash equivalents at the end of year					35,242,363	14,988,112	17,360,353
Parent [member] | Latam Logistic Properties SA [member]
Cash flows from operating activities:
Profit for the year					6,494,409	(1,097,107)	(1,575,702)
Adjustments:
Depreciation and amortization					17,627	12,607	11,133
Financing costs					718,844	1,226,265	584,487
Interest income from subsidiaries and affiliated companies					694,628	632,490	626,047
Income tax expense					2,745,090
Working capital adjustments:
Decrease in other current assets:					11,860	21,149	481,608
Increase (decrease) in accounts payable and accrued expenses					4,812,824	(118,149)	392,249
Increase in due to subsidiaries and affiliated companies					104,935
Income tax paid					(2,745,090)
Net cash provided by operating activities					12,855,127	677,255	519,822
Cash flows from investing activities:
Increase in equity investment in subsidiaries					(1,569,077)	(2,822,487)	(11,735,281)
Purchases of property and equipment						(25,100)	(63,034)
Increase in loans to subsidiaries and affiliated companies					(1,102,134)	(800,973)	(4,228,344)
Restricted cash equivalent					1,205,162	594,838	3,884,868
Net cash used in investing activities					(1,466,049)	(3,053,722)	(12,141,791)
Cash flows from financing activities:
Long-term debt borrowing							15,000,000
Repayment of long-term debt					(14,998,275)
Increase in loans from subsidiaries and affiliated companies					2,355,000
Cash paid for raising debt						(5,175)	(196,785)
Interest paid					(780,798)	(1,102,499)	(446,063)
Net cash provided by financing activities					(13,424,073)	(1,107,674)	14,357,152
Net increase (decrease) in cash and cash equivalents					(2,034,995)	(3,484,141)	2,735,183
Cash and cash equivalents at the beginning of year			$ 788,008	$ 2,823,003	2,823,003	6,307,144	3,571,961
Cash and cash equivalents at the end of year					$ 788,008	$ 2,823,003	$ 6,307,144

SCHEDULE III - SCHEDULE OF RE_2

SCHEDULE III - SCHEDULE OF REAL ESTATE (Details) - Latam Logistic Properties SA [member]		12 Months Ended
		Dec. 31, 2023 USD ($) Integer	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		$ 2,078,508	$ 1,247,256	$ 2,891,858
Encumbrances per schedule [member]
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		269,344,270
Debt not guaranteed by investment properties [member]
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		2,000,000
Long term debt accrued financing costs [member]
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		752,874
Debt issuance costs net [member]
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		(2,242,911)
Financial position [member]
IfrsStatementLineItems [Line Items]
Total per Consolidated Statement of Financial Position		$ 269,854,233
PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Number of buildings, Land | Integer		3
Number of buildings Properties under development | Integer		1
PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Number of buildings Properties under development | Integer		2
Number of buildings operating properties | Integer		5
PERU [member] | Latam logistic park lima sur [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2019
PERU [member] | Latam logistic park lima sur [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2022
Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Number of buildings, Land | Integer		4
Total number of buildings, Land | Integer		7
Number of buildings operating properties | Integer		5
Colombia country [member] | Latam logistic park calle [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2019
Colombia country [member] | Latam logistic park calle [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2023
Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Number of buildings Properties under development | Integer		1
Total number of buildings Properties under development | Integer		4
Number of buildings operating properties | Integer		4
Total number of buildings operating properties | Integer		28
Grand total of properties | Integer		39
Costa Rica [member] | Latam logistic park san jose verbena [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2022
Costa Rica [member] | Latam logistic park san jose verbena [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2023
Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		5
Costa Rica [member] | Latam logistic park coyol one [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2016
Costa Rica [member] | Latam logistic park coyol one [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Date of acquisition	[1]	2020
Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		1
Date of acquisition	[1]	2019
Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		1
Date of acquisition	[1]	2019
Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		2
Date of acquisition	[1]	2019
Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		2
Date of acquisition	[1]	2019
Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		1
Date of acquisition	[1]	2019
Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		1
Date of acquisition	[1]	2020
Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Number of buildings operating properties | Integer		1
Date of acquisition	[1]	2021
Encumbrances [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[2]	$ 4,317,135
Total of Properties Under Development	[2]	18,054,902
Total of Operating Properties	[2]	246,972,233
GRAND TOTAL	[2]	269,344,270
Encumbrances [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[2]
Total of Properties Under Development	[2]
Encumbrances [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[2]	11,580,125
Total of Operating Properties	[2]	48,419,875
Encumbrances [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[2]	4,317,135
Total of Operating Properties	[2]	44,049,009
Encumbrances [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[2]	6,474,777
Total of Operating Properties	[2]	40,434,222
Encumbrances [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	59,809,375
Encumbrances [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	18,285,023
Encumbrances [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	2,612,593
Encumbrances [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	5,495,094
Encumbrances [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	5,917,796
Encumbrances [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	7,974,306
Encumbrances [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	7,056,519
Encumbrances [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[2]	6,918,421
Land under right of use [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[3]	14,114,108
Total of Properties Under Development	[3]	12,099,311
Total of Operating Properties	[3]	90,870,895
GRAND TOTAL	[3]	117,084,314
Land under right of use [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[3]
Total of Properties Under Development	[3],[4]	2,802,475
Land under right of use [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[3]	6,653,190
Total of Operating Properties	[3]	19,249,353
Land under right of use [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[3]	14,114,108
Total of Operating Properties	[3]	11,555,745
Land under right of use [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[3]	2,643,646
Total of Operating Properties	[3]	15,612,670
Land under right of use [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	19,500,336
Land under right of use [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	7,292,476
Land under right of use [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	1,658,000
Land under right of use [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	2,621,468
Land under right of use [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	3,399,610
Land under right of use [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	5,777,658
Land under right of use [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	1,354,320
Land under right of use [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[3]	2,849,259
Building and improvements incurred land banks [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[5]	12,426,325
Total of Properties Under Development	[5]	26,262,864
Total of Operating Properties	[5]	232,028,378
GRAND TOTAL	[5]	270,717,567
Building and improvements incurred land banks [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[5]	619,976
Total of Properties Under Development	[5]	10,764,104
Building and improvements incurred land banks [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[5]	9,073,731
Total of Operating Properties	[5]	45,431,126
Building and improvements incurred land banks [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[5]	11,806,349
Total of Operating Properties	[5]	70,356,507
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[5]	6,425,029
Total of Operating Properties	[5]	35,080,999
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	42,764,576
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	12,332,799
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	1,942,000
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	2,778,532
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	2,401,986
Building and improvements incurred land banks [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	5,222,342
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	6,169,680
Building and improvements incurred land banks [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[5]	7,547,831
Costs capitalized subsequent to acquisition [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank
Total of Properties Under Development
Total of Operating Properties		4,861,365
GRAND TOTAL		4,861,365
Costs capitalized subsequent to acquisition [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank
Total of Properties Under Development
Costs capitalized subsequent to acquisition [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development
Total of Operating Properties		469,879
Costs capitalized subsequent to acquisition [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank
Total of Operating Properties		64,414
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development
Total of Operating Properties		69,233
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		941,658
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		169,446
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		2,171,917
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		492,177
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Costs capitalized subsequent to acquisition [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		482,641
Land [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		14,114,108
Total of Properties Under Development		12,099,311
Total of Operating Properties		90,870,895
GRAND TOTAL		117,084,314
Land [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank
Total of Properties Under Development		2,802,475
Land [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development		6,653,190
Total of Operating Properties		19,249,353
Land [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		14,114,108
Total of Operating Properties		11,555,745
Land [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development		2,643,646
Total of Operating Properties		15,612,670
Land [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		19,500,336
Land [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		7,292,476
Land [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		1,658,000
Land [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		2,621,468
Land [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		3,399,610
Land [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		5,777,658
Land [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		1,354,320
Land [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		2,849,259
Building and improvements [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		12,426,325
Total of Properties Under Development		26,262,864
Total of Operating Properties		236,889,743
GRAND TOTAL		275,578,932
Building and improvements [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		619,976
Total of Properties Under Development		10,764,104
Building and improvements [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development		9,073,731
Total of Operating Properties		45,901,005
Building and improvements [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		11,806,349
Total of Operating Properties		70,420,921
Building and improvements [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development		6,425,029
Total of Operating Properties		35,150,232
Building and improvements [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		43,706,234
Building and improvements [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		12,502,245
Building and improvements [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		1,942,000
Building and improvements [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		4,950,449
Building and improvements [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		2,894,163
Building and improvements [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		5,222,342
Building and improvements [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		6,169,680
Building and improvements [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties		8,030,472
Total right of use contract [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[4]	26,540,433
Total of Properties Under Development	[4]	38,362,175
Total of Operating Properties	[4]	327,760,638
GRAND TOTAL	[4]	392,663,246
Total right of use contract [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[4]	619,976
Total of Properties Under Development	[4]	13,566,579
Total right of use contract [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[4]	15,726,921
Total of Operating Properties	[4]	65,150,358
Total right of use contract [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[4]	25,920,457
Total of Operating Properties	[4]	81,976,666
Total right of use contract [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[4]	9,068,675
Total of Operating Properties	[4]	50,762,902
Total right of use contract [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	63,206,570
Total right of use contract [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	19,794,721
Total right of use contract [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	3,600,000
Total right of use contract [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	7,571,917
Total right of use contract [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	6,293,773
Total right of use contract [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	11,000,000
Total right of use contract [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	7,524,000
Total right of use contract [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[4]	10,879,731
Fair Value Adjustments [Member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[6]	4,976,620
Total of Properties Under Development	[6]	7,019,606
Total of Operating Properties	[6]	122,065,903
GRAND TOTAL	[6]	134,062,129
Fair Value Adjustments [Member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[6]
Total of Properties Under Development	[6]	(1,306,579)
Fair Value Adjustments [Member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[6]	6,503,860
Total of Operating Properties	[6]	27,089,499
Fair Value Adjustments [Member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[6]	4,976,620
Total of Operating Properties	[6]	30,736,797
Fair Value Adjustments [Member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[6]	1,822,325
Total of Operating Properties	[6]	19,224,153
Fair Value Adjustments [Member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	25,943,795
Fair Value Adjustments [Member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	9,913,279
Fair Value Adjustments [Member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	1,038,000
Fair Value Adjustments [Member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	2,314,083
Fair Value Adjustments [Member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	420,227
Fair Value Adjustments [Member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	2,665,000
Fair Value Adjustments [Member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	2,284,801
Fair Value Adjustments [Member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[6]	436,269
Cumulative foreign currency translation effect [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		(6,796,631)
Total of Properties Under Development
Total of Operating Properties		(5,756,463)
GRAND TOTAL		(12,553,094)
Cumulative foreign currency translation effect [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank
Total of Properties Under Development
Cumulative foreign currency translation effect [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank		(6,796,631)
Total of Operating Properties		(5,756,463)
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Cumulative foreign currency translation effect [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties
Fair value at the end of the year [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[7]	24,720,422
Total of Properties Under Development	[7]	45,381,781
Total of Operating Properties	[7]	444,070,078
GRAND TOTAL	[7]	514,172,281
Fair value at the end of the year [member] | PERU [member] | Latam parque logistico callao [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[7]	619,976
Total of Properties Under Development	[7]	12,260,000
Fair value at the end of the year [member] | PERU [member] | Latam logistic park lima sur [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[7]	22,230,781
Total of Operating Properties	[7]	92,239,857
Fair value at the end of the year [member] | Colombia country [member] | Latam logistic park calle [member]
IfrsStatementLineItems [Line Items]
Total of Land Bank	[7]	24,100,446
Total of Operating Properties	[7]	106,957,000
Fair value at the end of the year [member] | Costa Rica [member] | Latam logistic park san jose verbena [member]
IfrsStatementLineItems [Line Items]
Total of Properties Under Development	[7]	10,891,000
Total of Operating Properties	[7]	69,987,055
Fair value at the end of the year [member] | Costa Rica [member] | Latam logistic park coyol one [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	89,150,365
Fair value at the end of the year [member] | Costa Rica [member] | Latam logistic park coyol two [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	29,708,000
Fair value at the end of the year [member] | Costa Rica [member] | Latam bodegas atenas [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	4,638,000
Fair value at the end of the year [member] | Costa Rica [member] | Latam bodegas san joaquin [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	9,886,000
Fair value at the end of the year [member] | Costa Rica [member] | Latam bodegas aurora [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	6,714,000
Fair value at the end of the year [member] | Costa Rica [member] | San rafael industrial park [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	13,665,000
Fair value at the end of the year [member] | Costa Rica [member] | Latam logistic park coyol three [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	9,808,801
Fair value at the end of the year [member] | Costa Rica [member] | Latam logistic park coyol four [member]
IfrsStatementLineItems [Line Items]
Total of Operating Properties	[7]	$ 11,316,000
[1]Date of construction or acquisition represents the date we stabilized the building or acquired the building through acquisition.[2]Encumbrances include mortgage loans for constructions and other financing arrangements guaranteed by the respective properties.[3]Land information includes land that are owned and land under right—of—use, which are separately labeled with in our real estate portfolio.[4]This property under development at Latam Logistic Callao is leased under right—of—use contract rather than owned by the Group.[5]Amounts presented in building and improvements include building improvements costs, and acquisition costs, land improvements costs incurred on land banks.[6]The Group uses an external appraiser in order to determine the fair value for all of its investment properties. The independent appraiser holds a recognized and relevant professional qualification and has recent experience of the location and category of the investment property being valued. The valuation model is in accordance with the guidance recommended by the International Valuation Standards Committee. These valuation models are consistent with the principles in IFRS 13.[7]See Note 12 of our audited consolidated financial statements as of December 31, 2023, for the reconciliation of investment properties for the year ended December 31, 2023.