Terrafina Earmarks US$47 Million for Three Northern Developments

Terrafina, a real estate investment trust, plans to invest US$47 million in the development of three industrial properties in Ciudad Juarez and Apodaca, Mexico.
These developments are expected to add 800,000 square feet to Terrafina's portfolio and generate approximately US$4.5 million in annualized net operating income.

The firm's objective is to increase its participation in high-growth markets. Photo: Terrafina

04/27/2022

The real estate investment trust Terrafina will allocate 47 million dollars for the development of three industrial properties in Ciudad Juarez, Chihuahua, and Apodaca, Nuevo Leon.

Through a relevant event sent to the Mexican Stock Exchange (BMV), the trust informed that the three class A properties together will add 800,000 square feet to its portfolio.

"These developments are expected to require a total investment of US$47 million and are estimated to generate US$4.5 million in annualized net operating income (NOI)," the company stated.

Read the full article (in Spanish)

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