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During the second quarter of 2024, built-to-suit (BTS) industrial buildings drove the start of construction in the Northwestern region, which includes the markets of Ciudad Juárez, Chihuahua, Hermosillo, Mexicali, Nogales, and Tijuana. After two quarters (4Q 2023 and 1Q 2024) with construction…
Read moreAfter three offers, the real estate investment trust (Fibra in Spanish) Prologis successfully acquired 77.14% of Terrafina’s real estate trust certificates (CBFIs in Spanish) through a public acquisition offer (OPA in Spanish), which involved exchanging CBFIs at a ratio of 0.63x and a cash…
Read moreConstruction starts of industrial buildings nationwide recorded a 24% contraction during 2Q 2024 compared to the previous quarter. This is the second consecutive quarter with a downward trend in industrial construction, driven by caution from developers due to the election year and the need for…
Read moreFrom January 1 to April 15, 2024, the Ministry of Economy identified 93 investment announcements with an expected investment of $36.153 billion USD, 16% of which will be allocated to Querétaro. Consequently, this industrial real estate market leads these investment announcements. In this context,…
Read moreThe nearshoring has led to a significant demand for industrial buildings in the country, especially in border cities such as Tijuana, Ciudad Juárez, and Reynosa. In addition to other factors, this has directly impacted the industrial spaces’ lease price in these real estate markets. Only after…
Read moreDuring the 1Q 2024, Mexico City led the industrial real estate activity in the country. The demand for industrial spaces in the 24 most dynamic markets in Mexico totaled 1.2 million square meters (m2) of gross absorption, of which 34% was concentrated in the industrial real estate market of Mexico…
Read moreIn the first three months of 2024, Real Estate Investment Trusts (Fibras in Spanish) have invested around $382.6 million dollars ($6,271 million pesos) in the purchase of properties in the industrial, agro-industrial, and mini-warehouse segments, located in Monterrey, Querétaro, and Mexico City.…
Read moreGrupo Coppel is one of the largest private companies in Mexico. Divided into two lines of business: commercial, through its department stores and e-commerce, and financial services, through BanCoppel, it has accumulated significant real estate infrastructure for its operations, including stores,…
Read moreThe industrial real estate submarket of Tlaxcala, which is considered within Puebla market in Datoz, has seen an interesting demand for industrial buildings in the last three years from both international and national companies, significantly reducing its available industrial space in the first…
Read moreLast week, Terrafina announced that it is considering the request from six different companies to acquire more than 10% of the real estate trust certificates (CBFIs in Spanish) in circulation through a public offering to acquire up to 100% of said CBFIs. Among the bidders is Fibra Prologis, while…
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