BBVA Lends $67.4 Million to 360 Industrial Parks: Development and Impact in Coahuila

360 Industrial Parks secured a $67.4 million loan from BBVA México to expand its infrastructure in Coahuila, boosting the arrival of more international companies to this key region for trade and manufacturing.

Over the past year, Coahuila recorded a 9% increase in exports, further strengthening its position as a vital industrial hub in Mexico and attracting strategic investments.

Manuel González Lomelí is the Commercial Director of 360 Industrial Park. Photo: SiiLA.

By: SiiLA News

08/16/2024

360 Industrial Parks, a leading developer and manager of industrial properties in northern Mexico, has secured a $67.4 million loan from BBVA México. The loan will be used to optimize a portfolio of 19 industrial properties in Ramos Arizpe, Coahuila, totaling nearly 121,000 square meters of gross leasable area (GLA). These properties house companies in key sectors such as aerospace, automotive, and clean energy.

The five-year loan will also help pay off debts with other institutions and advance the development of industrial buildings currently under construction. The company presently manages three industrial parks in Coahuila: one in development in Matamoros, another in Ramos Arizpe, and one more in Saltillo.

According to company data and SiiLA Market Analytics, 360 Industrial Parks oversees 15 industrial buildings in Ramos Arizpe. Most are constructed and occupied, with some still under development and pre-leased. Additionally, the company has one building and ten available plots.

Manuel González Lomelí, the company's Commercial Director, reported that in 2024, the construction of five industrial buildings began, and progress is being made on the industrial park in Matamoros. This park, spanning 300,000 square meters, has the capacity to host up to 15 companies, strengthening the company's client portfolio, which currently includes 21 companies.

It's worth noting that over 80% of 360 Industrial Parks' GLA is tied to build-to-suit projects. This reflects a tailored approach to meeting the specific needs of its clients, ensuring a higher degree of commitment and long-term stability in lease agreements.

Among the industries occupying space in this industrial park are vehicle and parts manufacturers such as Global Flock, Martinrea Honsel, and Mergon, which occupy about a third of the leased and pre-leased GLA. Additionally, mining, metallurgy, and steel companies, such as Inox Market and Randall Metals, along with transportation and logistics firms like Grupo Uni-Trade, represent approximately 22% of the GLA.

360 Industrial Parks aims to strengthen the industrial park's infrastructure to attract more international companies and capitalize on investment growth in Coahuila. The region's strategic location, close to the United States and with access to ports and airports, has established it as a significant development hub in Mexico.

Coahuila: A Market in Expansion

Mergon occupies over 10,000 square meters in the 360 Industrial Park in Coahuila. Photo: 360 Industrial Park.

According to SiiLA data, between the second quarter of 2023 and 2024, Ramos Arizpe recorded an 8% increase in its industrial GLA. This growth was mainly driven by investment from companies in strategic sectors such as health, technology, electronics, chemicals, and petrochemicals. These industries saw an increase in occupancy ranging from 23% to 61%, reflecting the growing demand for industrial spaces in the region.

This growth is not an isolated phenomenon. According to BBVA, Coahuila is one of the regions with the greatest prospects for economic expansion in Mexico. Its Gross Domestic Product (GDP) is expected to grow by 4.2% by the end of 2024, outpacing most of the country. This expansion is driven by the manufacturing of transportation equipment, machinery, and other key sectors that strengthen the local market and contribute significantly to the national economy.

Coahuila's positioning as a key player in foreign trade is equally impressive, according to BBVA data.

In 2023, the region solidified its status as Mexico's second-largest exporting state, with an annual growth of 9%. Despite challenges such as the high concentration of exports to the United States and limited diversification in production, the state remains a pillar in the regional supply chain, not only exporting but also supplying inputs to other states like Chihuahua.

It is important to note that, along with Chihuahua, Nuevo León, and Baja California, Coahuila is one of the country's four main exporting states, which together account for 46.1% of state exports.

Given this growth and economic consolidation scenario, 360 Industrial Parks seeks to establish itself as a key player in attracting new international investments, leveraging Coahuila's solid industrial infrastructure. The combination of a favorable manufacturing environment and proximity to key markets like the United States places 360 Industrial Parks in a privileged position to continue contributing to the region's economic development while reinforcing its leadership in the industrial sector in northern Mexico.

For more information on the development and performance of Mexico's industrial real estate market, explore SiiLA REsource or contact us at contacto@siila.com.mx.

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