FINSA Raises 395 Million Dollars
FINSA successfully concludes its capital-raising round with commitments of up to $395 million to strengthen investments in industrial and logistics parks.
The company aims to expand its presence in the Bajío region, Northern Border, Guadalajara, and the Monterrey-Ramos Arizpe corridor, while focusing on the growing logistics sector driven by e-commerce.
FINSA has successfully concluded its capital-raising round with commitments of up to $395 million over a 10-year period. The funds will be utilized to strengthen investments in industrial and logistics parks, according to Sergio Argüelles, CEO of FINSA. The company aims to expand its presence in regions such as the Bajío, the Northern Border, Guadalajara, and the Monterrey-Ramos Arizpe corridor, where it sees significant growth opportunities.
Recognizing the surging demand driven by e-commerce, which accounts for 50% of market activity, FINSA plans to shift its focus towards the logistics sector. Historically, the company has primarily served the manufacturing industry, with logistics comprising only 10-15% of its operations. However, with this strategic move, FINSA intends to transform its logistics segment.
As one of Mexico's major developers of industrial parks, FINSA currently operates 22 parks located in the central and northern regions of the country. The newly established fund, known as Finsa III, has been shaped through discussions that have heavily involved pension funds (Afores). The private fund has secured $395 million in commitments, with the first phase consisting of $150 million in Development Capital Certificates. The remaining $215 million has been contributed by private investors joining the fund. This comes in addition to the $30 million raised in November 2020.
