Meor ends investment cycle for more than 5 billion pesos
Inmobiliare | November 28, 2023 |

The industrial developer Meor reported that it will end the 2022-2023 cycle with an investment in acquisitions of more than five billion pesos (mp), as a result of the aggressive growth plan and a market of opportunities, according to Jonathan Pomerantz, CIO of the company.

“Originally, in 2022, we showed a plan of eight projects for three thousand 800 million pesos. Today, we have already exceeded five thousand million pesos and we have close to 1.4 million square feet, both in Tijuana and  Ciudad Juárez,” he indicated in an interview with Inmobiliare.

Check here: Continues commitment to northern markets, representing 67% of national construction

Furthermore, he pointed out that this situation has allowed him to expand his work team, hiring more professionals and taking on larger projects, continuing with a 0% vacancy rate, which has allowed him to not have unoccupied industrial warehouses, even before finishing it is already fully leased.

“Attracting all this foreign investment from companies that want to establish themselves means continuing to move strongly. Firms demand a lot and that requires us to do class A projects with the best characteristics,” explained Pomerantz.

Of interest: Developers capitalize on investment opportunities amid rising industrial rent prices

The challenge focuses on investing in the industrial park environment and even working more professionally on ESG issues. As an example, he explained that around their projects they have carried out social projects to improve the quality of life of the “neighbors” of their Hubsparks.

Finally, he commented that by 2024 they will continue to consolidate on social and environmental issues and promote responsible construction.

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

Original note

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter

  
Advertisinginfo