FINSA concludes 2022 with a 99% occupancy rate in its portfolios

Finsa, a Mexican industrial park developer, holds a significant 8% market share nationally, with 950,000 square meters in closed transactions by the end of the third quarter of 2022.

FINSA manages large industrial warehouses throughout Mexico. Photo: FINSA.

01/11/2023

Finsa, a Mexican industrial park developer, has established itself as a key player in the national market, holding an 8% market share by the end of the third quarter of 2022.

This represents a total of 950,000 square meters in closed transactions, with 42% corresponding to new constructions. Additionally, Finsa boasts an impressive 99% occupancy rate across its portfolios. The most significant transactions for the company took place in the Santa Catarina, Nuevo León; Nuevo Laredo, Tamaulipas; and Finsa Querétaro industrial parks. In Guadalajara, the new "FINSA Jalisco El Salto" development has commenced, covering 40 hectares of land.

Construction of the Multidivisional El Salto building has also begun, adding to the inventory buildings program developed throughout Mexico to meet the demand for industrial spaces generated mainly by business relocation or nearshoring.

Sergio Argüelles, CEO of Finsa, expressed that with the growth of the manufacturing sector, which has increased by 5% this year, and the overall 17% rise in exports, including a 50% increase in certain products to the United States, Mexico has reaped the benefits of nearshoring. This trend is expected to remain positive for at least the next 10 years.

In terms of investment funds, Finsa announced the successful execution of the Finsa III fund in February 2021. In 2022, various projects have received 100% approval, and more than 17 investment projects have been added since its launch, representing a significant portion of the total commitments made to investors.

ASG Activities:

In August, Finsa announced its commitment to sustainability by joining the United Nations Global Compact, aligning with environmental, social, and governance goals related to human rights, the environment, anti-corruption, and labor aspects.

Furthermore, Finsa has constructed LEED-certified industrial buildings totaling 538,000 square meters, equivalent to 17% of the national total. The company continues to renew its Environmental Quality certifications across all its parks, demonstrating its commitment to continuous improvement in sustainability. With savings of up to 94% in energy consumption, Finsa Aguascalientes has begun installing photovoltaic panels to power common areas, while also collaborating with 14 educational institutions in reforestation programs.

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