Fibra Macquarie México (FIBRAMQ), a real estate trust specializing in industrial real estate, has begun construction on a new industrial park in the border city of Tijuana, Baja California.

The estimated investment for this project is 90 million dollars and it will be developed on a 25-hectare piece of land within the Libramiento submarket, in the southwest of Tijuana.

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It will have three state-of-the-art industrial buildings that will total 81,140 square meters of Gross Rentable Area (GLA). This expansion seeks to satisfy the growing demand for industrial spaces in northern Mexico, especially driven by the Nearshoring phenomenon, which implies the relocation of manufacturing operations closer to North American markets.

The first building of the industrial park, which will have an area of approximately 38,000 square meters GLA, is scheduled for delivery in the first half of 2024. The project will have the main urbanization services, including access roads, water, and electricity. , which will facilitate its operation and will attract companies interested in establishing their operations in the area.

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Simon Hanna, Managing Director of Fibra Macquarie, expressed his enthusiasm for this project, highlighting its impact on the economic development of the region and taking advantage of the growth of Nearshoring in Mexico.

This initiative reinforces the position of Fibra Macquarie in Baja California, where it already has a portfolio of 38 properties that house 57 companies, generating thousands of jobs and contributing to the economic development of the entity.

In Solili you can consult industrial buildings in Monterrey and Reynosa

Original note