Industrial parks are going to double, perhaps triple, and it is a good opportunity to invest in real estate, according to Roberto García Olavarrieta, general director of Foinbra. In a conversation with En Concreto, the director explained that since 2014 they began investing in industrial parks and so far they have 5,800 million pesos invested in real estate.

To date, the Bimbo company directed by Daniel Servitje is his main client with seven distribution centers. “We have more than 5.8 billion pesos invested in real estate with an annual return of 10 percent every year, even in the Covid the return only dropped to 8%,” explained García Olavarrieta.

Consult here: Saltillo became in 2022 the third market with the highest industrial demand

He assured that he has more than 500 investors who trust Foinbra "there is a great opportunity to invest in industrial buildings with sales contracts in dollars and in the long term, when people invest they want two securities: security of flows and security of capital over time and each year the capital acquires more value due to the surplus value and the rents rise.

The manager explained that Mexico is attractive to develop nearshoring because it has qualified labor, a stable exchange rate and macroeconomic situation, low costs, reliable real estate markets, and a trade agreement with northern neighbors that put our country in a privileged place considered Roberto García Olavarrieta, general director of Foinbra.

"The difference is 23 percent cheaper if you move your company from China to Mexico," said García Olavarrieta. In addition, the trade war between the United States and China, Covid-19 and the war between Russia and Ukraine "showed the weakness of having distant suppliers and that makes countries in Asia, Europe and South America turn to see Mexico."

Your interest: Tijuana reports the most expensive industrial rental price in Mexico, exceeding $7.0 USD/m²/month

Likewise, the opportunity that the cost of rent has is clear, because in Los Angeles it can be double what it would cost in Tijuana

The businessman pointed out that Mexico has the potential to reach 25% of manufacturing GDP like Korea, offering formal work to the skilled workforce that is expected to arrive in the next 10 years in border cities such as Tijuana or Ciudad Juárez.

In Solili you can consult industrial warehouses available in Monterrey and Saltillo

Original note