CIEN Grupo Inmobiliario Invests 850 Million Pesos in Queretaro

CIEN Grupo Inmobiliario has commenced the construction of Plaza Multicomercial Querétaro, a commercial complex with an investment of 850 million pesos.

Plaza Multicomercial Querétaro is inaugurated with an investment of 850 million pesos. Photo: ferrantraite.

By: SiiLA News

06/29/2022

CIEN Grupo Inmobiliario has carried out the groundbreaking ceremony for Plaza Multicomercial Querétaro with an investment of 850 million pesos. This commercial complex, which will generate 1,500 jobs, will be located on Boulevard Bernardo Quintana in the La Huerta neighborhood of Querétaro, as reported by the developer. The project will cover an area of 43,000 square meters, with 23,000 square meters allocated for construction.

The choice of Querétaro for this project is based on its capabilities, economic potential, and growth, as commented by Steven Handal Dabdoud, the company's CEO. Plaza Multicomercial Querétaro aims to serve approximately 140,000 people, representing over 80,000 families residing in the area. It will offer 700 free parking spaces.

Visitors will enjoy a large market with an anchor store offering essential items such as groceries, fruits, meats, seafood, among others. Additionally, there will be a healthcare center, commercial spaces, a food area, technology section, and a dedicated area for women's products.

CIEN Grupo Inmobiliario has plans to open more plazas in Querétaro. The company has announced that this is the first of three similar projects to be built in the state, with the next two located in El Marqués and Corregidora municipalities.

Read the full article (in Spanish).

Latam

Mexico

Mexico City

CRE

Market Analytics

Investments

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.