Meor to invest $1.45 billion pesos in new properties

Meor, a real estate investment fund, is planning to invest approximately 1,450 million pesos in the development of three industrial parks in Nuevo León, operating under the brand name Hubs Park.

These properties will collectively contribute 86,500 square meters to the local market, according to Leopoldo Otero, the Director of Projects for the Northeast and Bajío regions of the company. The investment plan spans a total of 3,800 million pesos and is scheduled for implementation over the next two years. It includes the development of eight to ten projects across the country, with three of them planned for Nuevo León.

The first park is being built in the municipality of Apodaca, specifically in the Huinalá area. It spans an impressive 18,500 square meters and requires an investment of 300 million pesos. This park is expected to be fully operational by the end of July this year. A second park, with similar characteristics, is projected for the Santa Rosa area within the same municipality of Apodaca. The third park, which is the largest of the three, will be in Guadalupe. In its initial phase, it will cover an 60,000 square meters. The development of this park will involve an investment ranging between 700 and 800 million pesos. Both the second and third parks are anticipated to commence operations by the end of 2023.

Read the full article (in Spanish).