FIBRA Prologis Acquires 26,519 Square Meters

FIBRA Prologis, a leader in industrial real estate in Mexico, acquired a building in Ciudad Juarez and a Last Touch facility in Mexico City for US$28 million.

Photograph of a Prologis property in Mexico. As of the end of 2021, Prologis had 224 logistics and manufacturing facilities in Mexico. Photo: Prologis.

03/30/2022

FIBRA Prologis, a renowned leader in the Mexican industrial real estate sector, has made acquisitions to enhance its market standing. The company has successfully secured an industrial building in Ciudad Juarez from its sponsor, Prologis, as well as a Last Touch facility in Mexico City from a third-party source.

With a combined investment of US$28 million, encompassing closing costs, these assets signify FIBRA Prologis' commitment to expanding its foothold in thriving logistics markets that cater to escalating demands.

Luis Gutiérrez, the CEO of Prologis Mexico, emphasized the company's proactive approach to asset acquisition, both from their sponsor, Prologis, and from external entities.

In the first quarter alone, FIBRA Prologis acquired assets totaling US$67 million, inclusive of closing costs. These recent acquisitions underscore FIBRA Prologis' relentless pursuit of its strategic objectives, fostering a robust presence within the industry.

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