Real estate Fibras, also known as real estate investment trusts, have been one of the sectors benefiting from the nearshoring boom in Mexico, a trend characterized by the relocation of supply chains to a space closer to their destination.

Intercam Banco indicated that the demand generated by this market in 2021 was 21%; being the north of the country the central focus of this phenomenon with 90%, mainly in cities such as Monterrey, Coahuila, Ciudad Juárez and Tijuana. For this reason, the industrial real estate Fibras with the greatest exposure to this region will be the most benefited by this situation in the sector.

Four Trusts with industrial portfolios can strongly benefit from nearshoring: Prologis, Terra, Macquaire and Mty, said Carlos Gómez, an analyst at Intercam.

Macquaire has 80% of its assets in the north, Mty with 68%, Terra with 63% and Prologis with 47%.

Check here: Industrial segment dominates 63% of profitable fiber spaces in Mexico

The specialist highlighted that this not only increases the value of their real estate, but will also increase occupancy and income due to the greater demand from global companies, whether they are manufacturers (34% of industrial demand), logistics (29%) or others. .

Macquaire, with greater opportunity in the northern industrial market

According to the analysis, Fibra Macquarie has the largest exposure in the north, especially in cities with high incomes, which makes it the competitor with the most market share. Fibra currently has two properties in the process of development that will increase its gross industrial leasable area. However, Gómez indicated that, on the other hand, their rents are above average, so a normalization could be expected.

Terrafina, for its part, stands out for having 97% of its lease contracts in dollars, however, most of its portfolio is in cities with increases below the main markets. The expert commented that Fibra has lagged behind its peers in terms of developments and acquisitions, so "no great growth is projected."

Of interest: Solili Industrial Report August 2022, industrial demand grows 11% compared to 2022

In July 2022, Fibra Mty announced that it will raise capital this September for three thousand 450 million pesos (mdp), resources that will be used for the acquisition of properties that revolve around nearshoring. The levels of operation, its internal administration and the focus on the industrial north will give Fibra Mty great advantages when competing with other real estate Fibras, Gómez said.

As for Prologis, one of the Trusts specialized in logistics and industrial spaces, it has an important part of its portfolio in regions with high rent increases and asset revaluations. However, its rental prices are below the market average, so it has the capacity to increase its income.

Likewise, it is an active player when it comes to acquiring and developing, constantly growing its portfolio of properties. They are currently preparing an additional issue of Real Estate Financial Stock Certificates (CBFI) with which they hope to raise 13 thousand 260 million pesos, capital that will be used to acquire real estate during 2022 and the first quarter of 2023, for an approximate amount of 400 million dollars.

In Solili you can consult industrial warehouses available in Tecate, Mexicali, Chihuahua and Reynosa

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