Some investment trusts or fibers close the first quarter of 2023 exceeding the performance and growth expectations set by the management and operational cadres at the beginning of the year. In recent results at the end of the first quarter of 2023, both Prologis, Terrafina and Fibra Macquarie reported historic returns, where market dynamics have favored the investment risk undertaken by some of these large developers.

The growth in gross demand for industrial buildings has been concentrated in the main markets in the north of the country, which accumulate more than 860,000 square meters, which is equivalent to almost 60% of the national total, according to results from the Solili real estate platform at the end of the year. from 1Q 2023.

Check here: Tijuana rises to the third market with the highest industrial demand in 1Q 2023

Some investment trusts have outlined a more aggressive role and have not only focused on increasing their portfolios in more markets but have tipped the balance towards new roles that not only lead to the acquisition of the ships but to the entire process that starts to acquire the land, develop the industrial building and, finally, market the finished product.

Monterrey, Ciudad de México, Tijuana, Ciudad Juárez y Querétaro stand with almost 70% of the gross demand for ships and where the projects associated with investment trusts have been most active.

Prologis, a trust specialized in the investment and administration of class A industrial properties in Mexico, has 225 properties that make up its industrial portfolio at the end of 1Q 2023, which allows it to group 4 million square meters of industrial buildings nationwide. The increase in rents was one of the key factors that influenced the good performance of this trust.

In turn, during the month of February, Terrafina and Macquiare, marked historical maximums in shares within the Mexican Stock Exchange with 35.42 pesos and 32.23 pesos per share, respectively, while Prologis registered a record price of 68.16 pesos per share.

Fibra Macquaire expanded its portfolio of projects under development, even in the midst of macroeconomic uncertainty and geopolitical tensions, managing to establish a stable cash flow in the management of its high-yield real estate portfolio. The trust's plans include tackling climate change by pledging to support a goal of net zero greenhouse gas emissions by 2040 or sooner, prioritizing reductions in actual emissions, which will undoubtedly earn it big benefits in the coming years.

Of interest: Industrial construction of the country in expansion and concentrated in large-scale buildings

At the beginning of the year, Terrafina announced the signing of a new investment vehicle by PGIM Real Estate, which would give it advantages due to its strong exposure to the country's border markets, where it would carry out a more regionalized commercial dynamic that would allow it to take advantage of the effects of nearshoring.

The skilled workforce, the border condition with the United States and the efficiency of production costs are the key for Mexico to capitalize on the opportunities of the relocation of productive processes from Asia to the Mexican territory. In the midst of these opportunities, investment trusts anticipate and take advantage.