FIBRA Macquarie Buys Vallejo Logistics Asset for US$34.8 Million

Multi-sector FIBRA Macquarie México announced the acquisition of an industrial logistics facility in Vallejo, Mexico City, for a total cash consideration of US$34.8 million. The acquisition adds to the 33 properties in the Central Mexico market, the company’s most important market in terms of Gross Leasable Area (GLA).

FIBRA Macquarie noted that the transaction was structured as a sale-and-leaseback and was completed on Aug. 26, 2025. The company added that the property is fully leased to a global consumer company under a three-year, triple-net agreement denominated in US dollars. The lease includes a fixed rent escalation equivalent to a 6.9% compound annual growth rate over the term and is expected to deliver a pro forma Year 1 net operating income of approximately US$2.8 million.

“This transaction reflects an opportunistic acquisition aligned with our disciplined investment approach. This asset further strengthens our presence in Mexico City, a market with strong fundamentals and robust rental growth trends, particularly for high-quality logistics and last-mile delivery space,” said Simon Hanna, CEO, FIBRA Macquarie.

Upon the lease's expiration, FIBRA Macquarie stated it expects to capture an uplift in rental rates, representing a potential for approximately 20% in real rent growth. The company noted that while development remains its primary driver of long-term value, this acquisition enhances its cash flow and positions the portfolio to capture future rental reversion.

FIBRA Macquarie’s Industrial Footprint

FIBRA Macquarie’s industrial portfolio delivered a Net Operating Income (NOI) of US$51.1 million in 2Q25, a 6% increase year-over-year, driven by a 6.8% rise in average monthly rental rates to US$6.45/m², as reported by MBN. The company also achieved record leasing renewal spreads of 27.7%. These financial results occurred even as the portfolio's total industrial space and occupancy rate saw slight year-over-year decreases of 0.4% and 280 basis points, respectively.

FIBRA Macquarie's industrial portfolio is concentrated in three main regions. The Northern region is the company's most important market by property count, with 184 buildings totaling approximately 2.3 million m² of GLA. Following the recent Vallejo acquisition, the Central Mexico region is now the largest in terms of area, with 34 properties comprising 2.95 million m² of GLA. The Bajio region is the company's smallest industrial market, consisting of 26 properties with a total GLA of approximately 337,896 m².