Industrial Gate Forms Joint Venture to Boost Class A Developments

Industrial Gate, a leading vertically integrated industrial investment and development platform formed by TC Latin America Partners, has recently announced a joint venture agreement with a prominent global institutional investor. This partnership aims to enhance the development of Class A industrial properties in Mexico, capitalizing on the increasing demand driven by nearshoring activities.

“The industrial sector in Mexico is at an inflection point. This joint venture will allow us to lead the development of real estate solutions for multinational companies looking to strengthen their supply chains. Nearshoring is transforming global manufacturing and logistics, and we are prepared to provide our clients with top-tier properties that meet their needs in this evolving landscape,” says Gregorio Schneider, Chief Investment Officer, TC Latin America Partners and Industrial Gate.

Over the past three years, Industrial Gate has successfully established a robust portfolio encompassing 353,031m2 of stabilized gross leasable area (GLA) and is now developing an additional 92,903m2, with completion anticipated within the next 12 months. 

The newly formed venture targets US$450 million in capital, focusing on the acquisition, development, and management of industrial assets in key markets such as Mexico City, Guadalajara, Monterrey, and Tijuana. These projects are designed to cater specifically to multinational tenants, featuring long-term, US$-denominated leases that align with their operational needs.

“Our first project under this joint venture will be a built-to-suit property in the State of Mexico, spanning more than 33,445m2, with an investment of approximately US$40 million. This marks the beginning of a plan to develop approximately 1.9 million m2 of Class A industrial assets over the next three to five years, with a total estimated investment of US$1.5 billion,” says Antonio Báez, Managing Director, Industrial Gate.

In addition to economic growth, the joint venture emphasizes sustainability, with a goal of developing properties that achieve LEED or EDGE certifications.

“Our goal is to meet the needs of multinational companies expanding or entering Mexico for the first time, with strategic, world-class projects that address current market demands and promote operational efficiency and long-term sustainability,” says Raúl Arroyo, Managing Director, Industrial Gate.