Fibra Upsite Inaugurates Industrial Park in Ciudad Juarez

Fibra Upsite has invested $80 million to inaugurate an industrial park in Ciudad Juárez, Chihuahua, as part of its expansion plan in the northern region of Mexico.

Fibra Upsite is a trust focused on the development of industrial space in Mexico. Photo: onlyyouqj.

By: SiiLA News & SiiLA News

12/14/2022

With an investment of $80 million, Fibra Upsite has inaugurated an industrial park in Ciudad Juárez, Chihuahua, as part of its expansion plan in the northern region of Mexico. The increased demand for these spaces, due to supply chain reconfiguration and nearshoring, has driven this development.

The industrial park will consist of six buildings, with a total construction area of approximately 1.3 million square feet or 120,445 square meters (m2). According to the statement from the Real Estate Investment Trust, five of them are already pre-leased.

Rodolfo Balmaceda, CEO and President of the Technical Committee of Fibra Upsite, highlighted that the companies attracted to this industrial park in Chihuahua so far are multinational corporations from the United States, Germany, and Mexico, operating in clean energy, advanced manufacturing, and e-commerce sectors.

The Governor of Chihuahua, Maru Campos, attended the inauguration of the Upsite Complex, which will generate 1,100 direct jobs. She also emphasized that this project will stimulate additional investments from companies such as Saertex and Hubbell, which will soon begin operations in the state.

Ciudad Juárez has become the leading city in Mexico in terms of employment, thanks to the international confidence in establishing operations on the border.

Read the full article in Spanish

Latam

Mexico

National

Industrial

Fibra Analytics

Fibras

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.