Foinbra focused on acquiring industrial buildings where it will invest 2 billion pesos
Grupo En Concreto | December 06, 2022 |

Foinbra sees the "nearshoring" phenomenon as an opportunity to grow its investments and its capital, which is why it will invest two billion pesos in the purchase of industrial buildings with rents in dollars from international tenants, following the practice of its proven formula. to rent their spaces to triple AAA companies.

“We are in a moment of great opportunities in the industrial real estate sector that will permanently change the real estate market in Mexico, all the indicators show the great growth of this sector. For this reason, we are inviting new investors to diversify their assets with the security of the highest quality properties rented to AAA companies with contracts in dollars. Investments can be made from one million pesos, with a medium and long-term horizon”, highlighted Roberto García Olavarrieta, General Director of Foinbra.

Check here: Solili Industrial Report November 2022, 6.6 million m² have been absorbed in the country

"This type of strategy," he stressed, "has allowed us to distribute quarterly income to our investors with annual returns of more than 10 percent since 2011. Our model has doubled investment in seven years."

"For next year, we plan to invest two billion pesos in more real estate for industrial use," said García Olavarrieta.

Foinbra counts among its clients companies such as Bimbo, renting them seven distribution centers (Cedis); the convenience store chains Oxxo and its “sister” Farmacias YZA with more than 40 stores, as well as 7-Eleven; the self-service stores Heb, Walmart, Soriana and Waldo's, which together have more than 50 stores; 2 Cedis for Heineken and multiple other commercial points of pharmacies and call centers.

Of interest: Industrial construction will continue strong in the Saltillo market

“Nearshoring represents Mexico's best real estate growth opportunity for the next 20 years and it's already happening. We designed a vehicle that allows investors to diversify their assets in real estate, and where the risk-return ratio is optimized through the 'Built to Suit'”, indicated García Olavarrieta.

Its expansion for the next two years is by attracting resources from new and current investment partners, seeking to incorporate institutional investors, such as pension funds, investment advisors, Afores and brokerage firms.

In Solili you can consult industrial warehouses available in Monterrey, Saltillo y Tijuana

Original note

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