Given the dynamism and high absorption rates of industrial properties in the border area of Mexico, Fibra Upsite plans to expand its presence in order to meet the growing demand generated by the growth of the North American economy.

"The border region is of strategic importance, so we will expand our presence due to the high absorption rates, which are positively encouraging prices per square meter," said Rodolfo Balmaceda, general director and president of the Technical Committee of the real estate trust.

As part of this plan, Fibra Upsite, which is dedicated to the leasing of clusters, traditional industrial buildings, industrial coworking spaces and office spaces, is in the process of delivering two developments that were in the construction stage within the Upsite Juárez Park parks. I and “Upsite Tijuana Park I, which have a total gross leasable area of 29,335 square meters.

Check here: Fibras close August 2021 with an increase of almost 5%

With these new projects, Fibra Upsite's portfolio of properties will grow 54% and will begin to generate revenue streams in the third quarter of this year.

“We will remain well capitalized and we will carefully select the projects that we will develop, which will allow us to optimally face the challenges and possible contingencies that may arise in the future, as well as the existing opportunities in the market”, assured Rodolfo Balmaceda.

Fibra Upsite is currently developing three custom buildings (BTS) totaling 59 thousand 505 square meters.

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Despite the fact that uncertainty and high volatility factors are still present in the world economy, the industrial real estate sector remains resilient and with a good outlook for the end of the year, said the company's CEO.

In addition, they continue to advance in the implementation of their growth plan, which is part of their second investment cycle, after three years of being listed on the Mexican Stock Exchange.

At the close of June 30, 2021, the real estate trust reported a portfolio of three industrial properties, with a total gross leasable area of 54,221 square meters located in the cities of Tijuana, Ciudad Juárez and Tlaxcala. Among them, the Fibra UpSite Industrial Park in Tijuana stands out.

In Solili consult industrial buildings in Monterrey, Reynosa and Mexicali

Original note