The Mexican developer of industrial parks, FINSA, reported the closing of a capital raising cycle consolidating commitments for up to 395 million dollars (mdd) over 10 years, which reflects the interest of the market and large Mexican institutional investors in the development of industrial properties.

Through a statement, the developer pointed out that the capital commitments to the Finsa III Fund were made by Mexican institutional investors who participated indirectly through a CKD for $ 150 million, the first issued in 2021 and also pioneering as a Capital Certificate Development (CKD), issued in dollars, in addition to other investors who participated privately both directly and indirectly in the Fund with commitments for 215 million dollars. All this in addition to a $ 30 million raise in November 2020, which are already committed to projects.

The objective of the funds is the consolidation of investments that result in a Class “A” Portfolio that is equivalent to approximately 1.3 million square meters of industrial space and the generation of 90 thousand direct jobs.

FINSA recently acquired two properties of 26,032 square meters in Sonora and Celaya.

Guanajuato, which is traditionally a dynamic state for the industry, has recorded very low demand volumes when compared to similar periods before the pandemic.

However, this situation has made the owners of industrial buildings more flexible leasing conditions and thus make the market more attractive.

For example, in Celaya, there are 61 properties where there are 16 spaces available. Check its characteristics here.