Terrafina Invests $43.5 Million Dollars in Two New Projects

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Terrafina Invests $43.5 Million Dollars in Two New Projects

Terrafina, a real estate trust, invests in industrial and logistics properties.

Terrafina invests $43.5 million in logistics and e-commerce projects. Photo: Terrafina

08/16/2021

Terrafina, a real estate trust that invests in industrial and logistics properties, has allocated an investment of $43.5 million in two new projects aimed at serving the growing market of logistics services and e-commerce.

The company estimates that with these developments, which are scheduled to be completed between August and September, it will generate approximately $4.1 million in net operating income (NOI) per year.

Currently, a 354,000 square foot property is under construction and will be leased to an e-commerce company. Additionally, an additional contract for 200,000 square feet has been agreed upon with a packaging company. Terrafina currently owns 274 properties occupied by 287 tenants.

You are invited to read the full article in Spanish: Link

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