Artha Capital, the private capital manager in alternative investments, focused on the real estate and infrastructure sector in Mexico, announced the sale of 9 industrial buildings located in the cities of Tijuana, Baja California and Toluca, State of Mexico.

However, the sale price for these two industrial real estate portfolios was not mentioned by the company nor did it say who acquired said properties in the statement sent to the Mexican Stock Exchange (BMV).

Consult here: BTS projects dominate the industrial demand of Saltillo in the first half of 2023

Although he cited that both real estate portfolios of the industrial sector comprise a total area of 1.6 million square feet of Gross Leasable Area and another 0.5 million square feet of land for the development of new properties.

This transaction stands out at a time of deep boom and demand for warehouses and real estate for industrial use in Mexico by foreign companies that are transferring their operations to Mexico and require the use of this type of real estate. Nearshoring has been a strong catalyst for this business.

In the statement, Artha Capital assured that the 9 properties, seven of them located in Tijuana and two in Toluca, are fully rented.

Of interest: Industrial demand in Mexico City is concentrated in the Toluca and CTT submarkets

“This transaction represents an important monetization for Artha Capital, which has been carried out successfully thanks to the commitment and professionalism of the parties involved,” the asset manager said in a statement.

The transaction was carried out through Frontier Industrial, a platform owned by Artha specialized in the origination, development, administration and sale of industrial and logistics real estate.

In Solili you can consult industrial warehouses available in Reynosa and Ciudad Juárez

Original note