The growing demand generated by nearshoring to rent industrial buildings in Mexico has allowed real estate investment trusts (Fibras) to raise capital for US$769,983 on the Mexican Stock Exchange in the last nine months.

MTY, Prologis and Nova are the three real estate fibers, out of the 17 listed on the Stock Market, that chose to finance themselves among the investing public with subsequent and individual issuances of capital to develop and acquire industrial buildings.

Of Interest: How Industrial Developers Cope With Mexico's Macroeconomic Environment

Fibra Prologis obtained almost 87% of all this financing with its follow-on last May, by placing 105 million Real Estate Trust Stock Certificates. The second largest offer was registered by Fibra MTY, with financing for US$209,421 and finally, on June 1, Fibra Nova announced the result of its follow-on for US$157,587.

The three Fibras pointed out that the resources raised with their follow-on will be used for the acquisition, expansion and development of industrial buildings, because they want to satisfy the current demand of foreign companies that are looking for this type of space, since they are transferring part of their operations to Mexico to be closer to the United States.

Fibra MTY announced this year one of the largest acquisitions of the industrial real estate business on record among real estate trusts. In March, it bought a portfolio of 46 properties, with a total of 822,052 square meters of rentable space. The investment was for US$ 662 million.

Check here: Tijuana experiences a significant gap between demand and industrial availability

With this, the real estate trust based in Monterrey, Nuevo León, increased the leasable area by 132%, to get closer to 1.4 million m², previously it had 591,986 m².

Luis Gutiérrez, general director of Fibra Prologis, said in an interview that he will buy industrial buildings that are equivalent to 800,000 m² in the markets where he operates, such as Monterrey, Tijuana y Ciudad Juárez.

For his part, Guillermo Medrano, executive president of Fibra Nova, affirmed that the resources of the subsequent placement of capital will be used mainly for the development of industrial buildings in the north of the country.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

Original note