With an investment of 237 million pesos to expand in the country's logistics real estate market, Fibra Prologis acquired a property comprising 95,852 square feet located in Vallejo, north of Mexico City.

In an announcement published on the Mexican Stock Exchange (BMV), the real estate investment trust dedicated to the leasing and management of industrial warehouses said that the new property will give them the capacity to meet the growing demand of new clients that operate within the e-commerce business.

There are two acquisitions that Fibra has announced in these almost four months of 2021, with an estimated investment of around 600 million pesos and with which it will add 354,764 square feet of industrial space to its real estate portfolio for its lease.

We recommend: CTT and Toluca, the favorites of industrial investors in 2021
The first acquisition was announced on February 22. The investment for 18.6 million dollars was to buy three properties, located in Toluca, State of Mexico, which add up to 258,912 square feet of industrial space.

According to Solili, during the first months of the year the corridors of Cuautitlán, Tultitlan, Tepotzotlán (CTT) and Toluca, in the State of Mexico, stand out not only for concentrating the highest number of transactions during the first quarter of the year, but also for concentrate the new offer and the start of new projects.

The spaces occupied in these corridors represent 80% of the total gross absorption in the Mexico City market during the period January-March 2021. This was mainly driven by logistics, electronic commerce, food and pharmaceutical companies.

Continue reading