Real Estate Investment Trust Prologis announced a new investment of 202.3 million pesos to acquire two logistics properties with a total of 139,860 feet of urban and logistics space.
Prologis is one of the main Industrial Real Estate Investment Trust of Mexico and great part of its investments it’s related to e-commerce.
The buildings of the industrial segment are located in Mexico City and Guadalajara, Jalisco. These properties are close to concentrations of population and urbanized areas.
Fibra Prologis ensures that the properties are fully leased to British American Tobacco Mexico for 10 years.
“These properties are located in attractive locations within the consumer markets of Mexico City and Guadalajara, with access to a substantial workforce, as well as public transportation and, most importantly, very close to the final consumer”, said Luis Gutieìrrez, CEO of Prologis México.
The properties are fully leased to British American Tobacco Mexico for 10 years.
Roberto Solano, analyst at Monex Casa de Bolsa, explained that the acquisition of the two assets is equivalent to 0.5% of the total gross profitable area of the real estate investment trust (Fibra) and with the advantage that it is already leased.
“We consider the acquisitions to be positive, since they add leasable area in a context where real estate markets present challenges associated with the pandemic,” said the specialist.
He recalled that Fibra Prologis when leasing properties for the industrial sector would be one of the most resilient to the current health crisis.