FIBRA Prologis Acquires 95,852 Square Feet of Logistics Space inside Mexico City

FIBRA Prologis acquires 95,852 square feet of logistics space in Mexico City's Vallejo area for Ps$237 million.
The strategic location offers access to infrastructure, public transportation, and a skilled labor force, catering to the growing demand for e-commerce operations.

FIBRA Prologis acquired new logistics properties. Photo: Fibra Prologis

04/20/2021

FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has announced the acquisition of 95,852 square feet of logistics space in Mexico City's Vallejo area. The total investment, including closing costs, capital improvements, and equity carry, amounts to Ps$237 million.

The property is strategically situated in Northern Mexico City, surrounded by well-established infrastructure, public transportation, and a specialized labor force. "We believe Vallejo is an efficient and well-located submarket for institutional customers who want to maintain operations near the city's main consumption centers," said Luis Gutierrez, CEO of Prologis Mexico. "Aligned with our urban, Last Touch® strategy, this property will address the unfulfilled demand from location-driven e-commerce businesses."

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