After concluding one of the most relevant transactions in the real estate market, in April 2023, by acquiring the “Zeus” industrial portfolio (with a value of 662 million dollars), Mty fiber does not keep the portfolio, because it is ready to disburse up to 15,000 million pesos to buy more assets aimed at the nearshoring.
Said investment will be carried out between 2023 and 2026. Javier Llaca, director of operations and acquisitions of the Real Estate Investment Trust (Fiber), reported that 220 million dollars would be invested this year.
“For the purchase of “Zeus” “we acquired various lines of credit and used the balance of union financing, but we expect our indebtedness to reach levels below 30% in the next three months. In such a way that we will have an additional purchasing capacity that we hope to carry out soon, “he commented in an interview.
With the recent acquisition (46 industrial buildings located in 11 states of the country), the company managed to double its gross leasable area, going from 800,000 to 1.6 million square meters, and as of April, more than 72% of its income will be generated from industrial sector.
In addition, the portfolio included a land reserve of 882,000 square meters that will be used for expansion and the creation of new industrial projects to meet growing demand.
“For us, the name of the game is: nearshoring. Our next transactions will be focused on the industrial sector and directly related to the company relocation. The market is over-demanded and a new product has to be created, so we will be evaluating putting part of the reserve to work,” said Llaca.
Bet on sustainability
For his part, Macquarie Fiber Progress is being made in the construction of six new developments and two custom expansion projects (BTS) that, together, will have an investment of 134 million dollars, of which 100 million will be disbursed during the year.
Macquarie’s projects under development total 1.8 million square feet of industrial space, distributed in Nuevo León, Chihuahua, Tamaulipas, Baja California, San Luis Potosí, Querétaro and Mexico City.
“We have continued to deploy capital in Class A sustainable industrial projects to position our platform for future growth and capture opportunities in the nearshoringsaid Simon Hanna, CEO of Macquarie Fiber.
insufficient offer
The director of operations Mty fiber highlighted that the phenomenon of company relocation acquires an unprecedented dimension in Mexico, in terms of absorption of industrial real estate, which has boosted the growth strategies of the fibers.
However, Luis Gutiérrez, president of Prologis Fiber for Latin America, he mentioned that, although the supply of ships has increased significantly, the current levels of construction are insufficient to satisfy the demand.
“We expect a level of demand similar to that of 2022, with a balanced supply-demand at the national level. Vacancy should remain close to current low levels, which would allow for continued growth in rent. With this, we believe that real estate Logistics companies in Mexico are the key assets to gain exposure to the ongoing changes in global supply chains,” said the businessman.
Until March 2023, Prologis Fiber reported 225 logistics and manufacturing properties in six Mexican markets, with an occupancy rate of 98.4%. These properties were leased to 240 clients, including logistics providers, transportation companies, retailers, and manufacturers.
