FIBRA Macquarie Expands: Delivers New Class A Industrial Facility in the CTT Submarket of Mexico City

FIBRA Macquarie continues its expansion plans in Mexico. In January 2024, the real estate investment trust (REIT) delivered a Class A industrial building with nearly 21,000 square meters of gross leasable area (GLA) in the Cuautitlan, Tultitlan, and Tepotzotlan (CTT) submarket of Mexico City. This development underscores the company's investment strategy, focused on strengthening its presence in the Mexican logistics and manufacturing sector with properties designed to streamline supply chains, especially for consumer goods and e-commerce sub-industries.

Over the past seven years, FIBRA Macquarie delivered 32 projects with a combined GLA of nearly 215,000 square meters. In addition, six developments and expansions –including the CTT warehouse– are underway and will add about 135,000 square meters to its portfolio. According to data from the REIT analyzed by SiiLA, the new developments are in Ciudad Juarez, Monterrey, Reynosa, Tijuana, and the Mexico City metropolitan area (ZMVM).

Notably, 87% of the REIT's portfolio is concentrated in the northern and central regions of Mexico. On one hand, most of its industrial GLA (78%) is in the markets of the north, while 69% of its commercial GLA is in the central zone. This reflects the trust's interest in properties suitable for cross-border trade and leveraging the country's primary consumption and distribution centers, allowing the company to capitalize on opportunities in markets with high growth potential and sustained demand, reinforcing its position in the Mexican commercial real estate sector.