US Company to Construct Industrial Park Near AIFA

EQT Exeter aims to develop an industrial complex in Teoloyucan, State of Mexico, close to the newly inaugurated AIFA, with an investment of over US$240 million. The project will generate 6,000 jobs and will be named the Exeter Teoloyucan Industrial Park.

On Monday, Alfredo del Mazo, Governor of the State of Mexico, met with directives of EQT Exeter, one of the biggest real estate developers in the US. The meeting brought together Omar Terán, EQT Exeter’s Director of Acquisitions and Development for Mexico; Jesús Peralta, Minister, Economic Development; Enrique González, the ministry’s Director of Industry, and Edgar Chávez, General Director of Industrial Parks in the State of Mexico, FIDEPAR. Del Mazo announced the meeting on his Twitter account. 

According to del Mazo, the project will create over 2,500 direct and 3,500 indirect jobs. The complex is expected to be constructed across 48ha, featuring four industrial buildings and “world-class infrastructure.” The project aims to cater to logistical operations, distribution companies and light industrial activity. The complex has a privileged location due to its proximity to AIFA, which is located around 40 minutes from Teoloyucan.

EQT Exeter boasts a 16-year leading role in the global industrial real estate sector. It has been present in the State of Mexico for two years, as the location proved attractive due to its geographical position and subsequent opportunities for the logistical sector. 

Del Mazo expressed that his administration will continue working to meet investor needs regarding security and qualified professionals, as well as enhanced infrastructure and connectivity.

Teoloyucan Industrial Park is not the only project of its kind. In March 2022, del Mazo announced the construction of T-MEX Park, an industrial park that promises to be Americas’ biggest industrial and logistics hub. This project, developed by E-Group, is also near AIFA, a mere 3km far from the recently inaugurated airport.  

Currently, the State of Mexico features 111 industrial parks and areas. Tlalnepantla de Baz, Cuautitlan Izcalli, Toluca, Tultitlan and Ecatepec are the municipalities with the largest number of industrial ventures. Over 2,000 companies work in the industrial parks, most of them in the automotive, food, chemicals and plastics industries. According to the local government, 55 percent of these industrial zones are municipally managed, 42 percent by private entities and three percent by FIDEPAR.