The Fight for FIBRA Terrafina Goes On

FIBRA Prologis improved its offer to acquire FIBRA Terrafina, offering an exchange ratio of 0.62 Prologis Real Estate Trust Certificates (CBFIs) for each of Terrafina’s certificates. In other news, prices for industrial space in Monterrey Nuevo Leon are at their peak, which sounded the alarm among experts to avoid falling into a real estate bubble. 

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FIBRA Prologis Increased Its Offer to Acquire FIBRA Terrafina

FIBRA Prologis has revised its proposal to acquire FIBRA Terrafina, now offering an exchange ratio of 0.62 Prologis CBFIs for each Terrafina certificate. This offer aims to compete with six other interested parties in acquiring the FIBRA, which is considered strategic for capitalizing on the growing demand for industrial properties due to nearshoring. 

Schneider Electric Inaugurates New Plant in Nuevo Leon

Schneider Electric, a global leader in digital transformation and energy management, is opening its 10th plant in the country: "Monterrey 4." Located in Nuevo Leon, this new facility represents a US$29.4 million investment and celebrates the company's 25th anniversary in the region.

Last-Mile Logistics: The Key Element for Nearshoring Success
Sergio O’Farril, Co-Founder and CEO, Elite Last Mile Industrial Parks, says Jalisco's strategic location and burgeoning demand for smaller industrial spaces drove their focus on the state. By addressing a market gap for warehouses between 600m2 to 3,000m2, the company meets critical last-mile logistics needs for major corporations. 

CMIC Calls to Improve Urban Mobility in Mexico

The Mexican Chamber of the Construction Industry (CMIC) urged the implementation of public policies to improve urban mobility infrastructure in the country, aiming to better integrate urban planning, economic development, and sustainable mobility.

Staley Point, Bain Capital Acquire US$20 Million Property

Staley Point Capital and Bain Capital announced the expansion of the San Diego Portfolio with a US$20 million acquisition of industrial property in Poway, California. This acquisition underscores their strategic commitment to infill industrial properties across the US West Coast. 

Mexico City Faces the Challenge of Planetary Boundaries 

Julio Trujillo, Director General, Bureau Soluciones Socioambientales, outlines the prominent environmental deterioration in Mexico City, emphasizing issues such as water shortages, poor air quality, and deforestation. He notes that while addressing climate change is crucial, it should not overshadow other interconnected environmental challenges. Trujillo advocates for a comprehensive environmental policy for Mexico City based on the scientific concept of planetary boundaries. This approach, he argues, can guide the city in balancing urban development with the preservation of its significant biodiversity and environmental resources, ensuring sustainable and resilient growth.

Guadalajara Targets a Green and Inclusive 2026 World Cup

The city of Guadalajara, one of Mexico's three host cities for the 2026 FIFA World Cup, aims to organize an event that promotes environmental respect and social inclusion, at the request of FIFA. 

Coca-Cola Supports Water Security in Latin America and Mexico

Grupo FEMSA and Coca-Cola have invested in water security initiatives across Latin America and Mexico for over a decade. Their efforts include the Lazos de Agua Program, which has impacted over 235,000 people, and new projects in Durango and Guerrero aimed at addressing severe water scarcity and improving community resilience.

Monterrey's Industrial Real Estate Sees Record Prices

Monterrey, Nuevo Leon, has seen a significant increase in industrial real estate prices, with some transactions surpassing the US$1,000/m² mark in 1Q24. The uptick is attributed to a strong demand for space driven by companies attracted by nearshoring. However, experts caution that market speculation could lead to an inflated real estate bubble.