Walton Street Capital, a private equity firm focused on real estate, will place a Certificate of Development Capital (CKD) on the Institutional Stock Exchange (BIVA) to invest in projects in the Mexican real estate sector.

This will be the third vehicle of its kind to be issued by the firm, with the plan to obtain capital for up to 400 million dollars to make investments in commercial, industrial, hotels, office real estate, among other segments.

“The CKD will invest in projects and real estate assets in Mexico with the objective of achieving a target return of between 16 and 20% of gross internal rate of return (IRR) at the project level and net returns at the fund level of an IRR of between 13% and 15%, ”the company said in a presentation.

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Walton Street Capital has invested in Mexico for more than 20 years through six funds more than 29,489 million pesos.

The value of its portfolio is approximately 42,327 million pesos in gross assets under management.

During its operations, the private equity fund has made representative investments such as the purchase of the Meliá Reforma hotel.

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After the operation, it disbursed 216.7 million pesos to redesign the rooms, common and conference areas, as well as commercial areas and added 11 new keys to the 489 existing ones.

Another of its investments was the acquisition of an office building with 24,284 square meters of profitable Class A space, located in the Insurgentes submarket, Mexico City.

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