Prosperity Real Estate boosts the industrial asset market in Mexico

The Mexican firm Mijares, Angoitia, Cortés y Fuentes has collaborated with Prosperity Real Estate in creating a joint venture with Walton Street Capital to acquire and develop Class A real estate assets in strategic locations throughout Mexico, in a transaction valued at $100 million.

Photograph of an industrial park. Photo: AerialPerspective Works.

02/02/2022

The Mexican firm Mijares, Angoitia, Cortés y Fuentes has provided assistance to Prosperity Real Estate in the creation of a joint venture with Walton Street Capital, a US-based real estate asset manager. This alliance aims to acquire, develop, lease, and sell Class A real estate assets in strategic locations throughout Mexico, with the transaction valued at $100 million.

Ritch, Mueller y Nicolau, on the other hand, have provided advisory services to Walton Street Capital in this operation. The agreement was signed on December 17th. Prosperity Real Estate offers solutions to companies in the industrial and logistics sectors in various Mexican cities, including Monterrey, Tijuana, Mexicali, Ciudad Juárez, Querétaro, León, Guadalajara, and Mexico City. Recently, a trust managed by Walton Street Capital secured a loan of $183 million from Mexico's National Foreign Trade Bank (Bancomext).

Over the past year, the Mexican real estate sector has experienced a high level of activity in negotiations, particularly regarding industrial assets. This is evident in Ágora, a tool that records and systematizes operations in Latin America.

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