FIBRA Macquarie México Acquires New Land in Guadalajara
MEXICO CITY--FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) has successfully acquired a significant 10-hectare land parcel in Guadalajara for a total of Ps. 168.0 million, excluding transaction costs and applicable taxes. This strategic acquisition aligns with FIBRA Macquarie's ongoing commitment to expanding its presence in key industrial markets.
The Strategic Location of El Salto
The acquired land is positioned within the rapidly growing El Salto industrial corridor, known for its robust demand across various industries such as logistics, e-commerce, light manufacturing, and technology. This location offers a unique advantage, as it benefits from the sustained growth of rental rates that the Guadalajara Metropolitan Area has been experiencing.
Anticipated Developments
FIBRA Macquarie plans to develop two Class A buildings on this parcel over time, collectively offering approximately 460 thousand square feet of Gross Leasable Area (GLA). This development is part of the company’s strategic initiative to meet the increasing demand for high-quality industrial real estate.
CEO’s Insights on the Acquisition
Simon Hanna, the CEO of FIBRA Macquarie, expressed enthusiasm about this acquisition, stating, "We are pleased to add this strategic land parcel in Guadalajara to our diversified land bank, as we maintain momentum in our industrial growth capex program." This project not only complements FIBRA Macquarie’s existing portfolio of about 900 thousand square feet of GLA in the same region but also reinforces the company’s approach towards sustainable and robust investment strategies.
Market Conditions Favoring Growth
With the overall vacancy rate in the market below 3%, FIBRA Macquarie stands ready to meet the burgeoning demand for industrial spaces. Notably, asking rents have seen a significant rise in recent years, indicating a healthy market for well-located properties. Simon Hanna highlighted the company’s commitment to incorporating superior sustainable building standards in its developments, further enhancing its market position.
Expanding the Land Bank
This latest land acquisition brings FIBRA Macquarie’s total land bank for industrial project development to approximately 4.3 million square feet of buildable GLA. This substantial land bank showcases FIBRA Macquarie’s dedication to expanding its footprint in the industrial real estate sector, positioning the company for future growth and market leadership.
About FIBRA Macquarie
FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) operates as a real estate investment trust focusing on industrial, retail, and office properties across Mexico. As of the most recent reports, FIBRA Macquarie has established a diversified portfolio comprising 241 industrial properties and 17 retail properties, strategically situated in 20 cities throughout 16 Mexican states. Additionally, some retail properties are held through a joint venture. This diverse portfolio underscores FIBRA Macquarie’s robust investment strategy aimed at stabilized, income-producing properties, ensuring continued growth.
Frequently Asked Questions
What is the significance of the land acquisition?
The acquisition adds strategically located land to FIBRA Macquarie's portfolio, enhancing its industrial development opportunities.
How many buildings does FIBRA Macquarie plan to develop?
They plan to develop two Class A buildings with a total GLA of approximately 460 thousand square feet on the new land.
Where is the new land located?
The new land is situated in the El Salto industrial corridor, a key area within Guadalajara’s Metropolitan Area.
What are the current market conditions for industrial real estate?
The market is experiencing low vacancy rates below 3% and rising rental prices, indicating robust demand for industrial spaces.
How large is FIBRA Macquarie's total land bank now?
With the new acquisition, FIBRA Macquarie's total land bank for industrial project development is approximately 4.3 million square feet of buildable GLA.
