FIBRA Prologis, one of the leading real estate investment trusts in investment and administration of class A logistics real estate in Mexico, and the private equity fund Artha Capital, through its Frontier Industrial platform and its CKD CK15, announced today the execution of a purchase agreement for an important industrial portfolio.

The portfolio consists of 14 buildings, with 2.4 million square feet of industrial space and land for expansion, for an approximate investment of US $ 160 million, including closing costs.

More than 70% of the properties are located in Tijuana and the rest in Bajío, and are fully rented in dollars to a diversified and high-quality client base.

Check here: What to expect from the industrial market in Mexico by 2022?

"I am proud of our team for having successfully achieved this closing with Artha Capital. We believe that with this acquisition we will generate significant value to our operating portfolio," commented Luis Gutiérrez, CEO of Prologis Mexico.

"With these properties we are increasing our presence mainly in Tijuana, one of the most dynamic markets, strengthening our position as one of the leaders in the industrial real estate business in Mexico and deepening our relationship with key clients and adding new ones to the portfolio."

"With this sale of assets to FIBRA Prologis, we have successfully concluded the full cycle of the Frontier I industrial portfolio, one of the investments of our CKD CK15, an investment vehicle financed through local pension funds or Afores, having been able to take advantage of the dynamic of the market for our exit strategy, "said Germán Ahumada Alduncin, Founding Partner of Artha Capital.

Of interest: Monterrey, CDMX and Tijuana at the forefront of industrial real estate demand

In turn, Patricio Gutiérrez Tommasi, Managing Director of Frontier Industrial commented "We selected FIBRA Prologis as the buyer due to their ability to execute quickly and they have been a great commercial business partner. This transaction further consolidates Frontier Industrial as an important player. in the industrial sector in Mexico and reaffirms the commitment we have with our investors to continue with the strategic growth plan and, in turn, support the economic development of the country. "

The statement on this sale and purchase transaction contains some forward-looking statements based on current expectations, estimates and projections of the industry and the markets in which FIBRA Prologis and ARTH4CK-15 operate.

In Solili you can consult industrial warehouses available in Guadalajara, Ciudad de México and Ciudad Juárez.

Original note