Advance Real Estate, an organization targeted on the acquisition, growth, leasing and operation of commercial tasks in Mexico, elevated its presence and management in the nation, with the acquisition of 5 industrial properties, now in the north of the nation, in Ciudad Juárez, Chihuahua.
With this transaction, the Mexican firm provides 668,410 sq. toes with a price of $ 41.four million to its present portfolio.
Concerning the acquisition, Gerald Marchel, Head of Capital Markets and Growth at Advance Real Estate, specified that “the 5 warehouses are situated in one of the vital lively industrial markets in the present day, and have high-quality tenants. The choice to purchase these belongings follows a transparent development technique for the corporate, which seeks to extend its place in the north of the nation and set up Advance as a long-term investor in the nation ”.
The acquisition of a portfolio of stabilized warehouses represents one other achievement in the objectives established by Advance Real Estate, which is able to give continuity to the growth technique in the northern markets of the nation.
Advance is a number one firm in the sector, with a presence in 12 cities in Mexico, whose portfolio is made up of 11.5 million sq. toes of commercial house.
Based in 2007 in the Mexican metropolis of Querétaro, Advance Real Estate has stood out for main among the most essential industrial parks in the nation in the final 12 years.
Its portfolio additionally stands out for the start-up of speculative buildings and tasks beneath the “Construct to Swimsuit” mannequin for greater than 100 nationwide and worldwide firms in the automotive, logistics, manufacturing and providers industries, primarily.
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