Colliers Event. American Industries, Actinver, and LEGO Discuss Investment Challenges and Opportunities in Mexico

SiiLA was at the "Panorama 2023: CEO Women Leaders" event in Monterrey, Mexico. Distinguished female business leaders delved into the challenges and opportunities in the real estate sector and foreign investment in Mexico, emphasizing the vital role of collaboration between the public and private sectors. Furthermore, American Industries unveiled substantial investment plans in Mexico until 2025, while LEGO underscored the strategic importance of its facility in Nuevo Leon for its global production operations.

"Panorama" is one of Monterrey's most important events in the real estate sector. Photo: SiiLA.

By: SiiLA News

09/25/2023

Last week, SiiLA was at the "Panorama 2023: CEO Women Leaders - Growth and Challenges" event, organized by the global real estate consultancy Colliers, in Monterrey, Mexico. During this event, the directors of American Industries, Banco Actinver, and LEGO Group delved into various topics related to the Mexican economy, foreign direct investment (FDI), and the development of Mexico's commercial real estate market.

At the event's outset, the speakers highlighted the primary challenges and opportunities facing the industrial sector in Mexico, such as water and electricity resource distribution and supply, skilled labor training, and the advancement of new technologies and the communication and transportation infrastructure.

In this context, Lorenza Martinez, the CEO of Banco Actinver, emphasized that while Mexico is experiencing a record influx of FDI due to the national nearshoring phenomenon, this pace could slow down without adequate investments to ensure basic infrastructure and public services, including public safety.

Both Martinez and Liliana Hernandez, CEO of American Industries, underscored the importance of collaboration between the public and private sectors to find swift and effective solutions to the challenges brought about by the industry's rapid growth in recent years. In this regard, Martinez stressed the need to strengthen the rule of law in Mexico to create equitable conditions of competition among businesses and prevent economic growth from being constrained.

SiiLA at "Panorama 2023"

Members of the SiiLA team were present at the Colliers event. Arantxa (left) and Carlos (right) socialized with Montserrat Carmona, Director of Business Development at Colliers Mexico, and Javier Lomelín Anaya, CEO of Colliers Mexico.

"Panorama" is one of Monterrey's most significant real estate sector events. Its purpose extends beyond providing a space for industry networking, as it also carries a charitable aspect, with Colliers supporting Casa Simon de Betania, a foundation dedicated to assisting individuals in terminal stages of illness and those in extreme poverty.

Our colleagues, Arantxa Alcasena, Senior Research Analyst at SiiLA, and Carlos Garces, Sales Coordinator at SiiLA, attended the event, allowing them to meet influential leaders in the real estate sector and gather firsthand information about trends and the real estate market landscape in Mexico.

American Industries Announces Further Investments in 2023-2025

Presently, American Industries, a provider of administrative and industrial real estate services, is involved in approximately 143 projects across various parts of Mexico, including six industrial parks under development in Chihuahua, Ciudad Juarez, Guanajuato, Jalisco, Nuevo Leon, and Queretaro.

According to Liliana Hernandez, CEO of American Industries, the company plans to invest $150 million in Mexico in 2023, with half of this sum allocated to projects in Nuevo Leon. To date, 80% of the projected investment for this year has already been committed.

For 2024 and 2025, American Industries will continue executing its regional business plans, primarily focusing on the real estate and infrastructure sectors, particularly the automotive industry. This expansion aligns with the construction and operation of Tesla's gigafactory in Santa Catarina, Nuevo Leon, in the coming years. The company intends to increase its investments by 30% next year, potentially reaching a total investment of $200 million in the country by 2025.

Nuevo Leon Is Indispensable for LEGO Worldwide

During the Colliers-organized event in Monterrey, Nuevo Leon, Nancy Sanchez, General Director and Senior Vice President responsible for LEGO Group's Americas plants, noted that the LEGO factory in Cienega de Flores, Nuevo Leon, is the largest within the company globally and has seen investments totaling $508 million.

According to the top executive of the Danish toy company, the Cienega de Flores factory is vital to LEGO's production chain, as it supplies 35% of the company's global production, manufacturing over 100 million "bricks" daily, necessitating highly specialized personnel.

The Nuevo Leon plant covers an area of approximately 830,000 square meters and houses 145 injection machines, 56 processing machines, and over 100 packaging lines. All products from this plant are shipped to a distribution center in Dallas, USA, from where they are distributed throughout the Americas via the Colombia Bridge.

Currently, this factory is in an expansion phase, with two expansion projects and significant land reserves for future ventures.

SiiLA is a regular presence at major commercial real estate events. Through our news and information platform, SiiLA REsource, we will continue to provide news and analysis on developments and trends in the real estate sector. For more information, feel free to contact us at contacto@siila.com.mx.

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