Fibra Terrafina, a Real Estate Investment Trust (Fibra) specialized in the industrial sector in Mexico, has plans to deliver 4 industrial development projects during the third quarter (3Q) of this year. The estimated total investment for these projects amounts to 32.5 million dollars (mdd).

The delivery of these new developments represents a strategic step for Fibra Terrafina, as it seeks to expand and strengthen its presence in the Mexican industrial market, meeting the demand for this type of space through nearshoring.

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These projects are added to Fibra's existing portfolio, which closed with a total of 39.6 million square feet (tf2) of Gross Leasable Area (ARB) until last March, ranking as the third largest trust in terms of leasable industrial space .

The projects under development that add up to 59,000 ft2 are strategically located in the north of the country, taking advantage of the demand for logistics and manufacturing spaces in those areas. The developments are expected to fuel portfolio growth by attracting high-profile tenants and generating long-term stable income streams.

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The delivery of the projects will strengthen Fibra Terrafina's position in the Mexican market. Additionally, Terrafina has 4 land reserve properties that are equivalent to 4.1 ft2 of ARB for future development of industrial properties.

"Nearshoring continues to be the main driver for high occupancy levels, mainly in the North region, where Terrafina has a leading market share in export manufacturing assets. We expect the sector to continue this strong performance, where we are strategically positioned to take advantage of it," said Alberto Chretin, general director of Fibra.

In Solili you can consult industrial warehouses available in Monterrey, Tijuana and Ciudad Juárez

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