How does the arrival of assembly companies impact the Monterrey industrial market?
Solili | December 19, 2023 |

In recent statements almost at the end of 2023, the President of the Mexican Association of Private Industrial Parks (AMPIP), Sergio Argüelles, declared that Tesla the electric vehicle company acquired 1,200 hectares in Santa Catarina in Monterrey, an action confirmed by the President of Mexico.

Located at the foot of the Huasteca in Santa Catarina, the land corresponds to the Carvajal-El Junco ranch and Anillo Vial, in front of the Terralta real estate development at kilometer 51, free highway and the Monterrey-Saltillo highway.

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Of the total land, only 40 hectares are dedicated to the plant. The company purchased a total of 6 pieces of land that span between the free highway and the Monterrey-Saltillo highway.

We were also able to learn that the Ministry of Environment and Natural Resources, through a notification issued on December 11 by the Department of Natural Resources and Wildlife of the Management Subdelegation for Environmental Protection and Natural Resources, officially granted Tesla the land use permits. necessary for the future construction of the Gigafactory in the municipality of Santa Catarina, Nuevo León, which covers an area of 260 hectares in the municipality of Santa Catarina.

Although construction had originally been planned within 16 months, the company had decided to moderate the plans due to uncertainty in the economic outlook and a decrease in sales of its vehicles. This situation of high interest rates would affect the consumption of this category of automobiles.

However, given the uncertainty that has been generated around this investment, the Vice President of Public Policy and Business Development at Tesla, Rohan Patel, points out that they will continue to advance with local, state and federal governments and that they greatly appreciate their efforts to enable permits. and the necessary sustainable infrastructure.

Of interest: Learn about the submarket who have taken advantage in Saltillo, strengthening their industrial profile

Meanwhile, the industrial market in Monterrey advances and the accumulated gross demand, which already exceeds one million 215 thousand square meters, has continued to grow, although at a slower rate than in 2022.

In the case of industrial constructions, the activation is much more evident and is reinforced with the 1,694,000 square meters of works being prepared in the entity. Many of these ships will be in demand by suppliers in the automotive sector that follow the path of electromobility for assembly companies that set up shop in the region.

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