Monterrey, NL. Fiber Mty expects to make investments this year for more than 100 million dollars in the industrial property market, and I would be looking for options in the main cities in the north of the country and in the Bajío, since it is a sector that is growing a lot, it is very resilient, it has a lot of liquidity, in addition to the relocation of companies in the region, the war between U.S Y China and the rise of electronic commerce, commented to The Economist, Javier Llaca, its director of operations and investments.
“We see a boom in the industrial market, which is very resilient, a market that I had not seen in 30 years, such low vacancy rates, in general, 4% availability rate, markets like Tijuana that have practically no availability, there is a very important activity in custom projects, it is definitely a very clear bet for us”, he indicated.
Last year was good for him. real estate investment trust, because they resumed the investment program that was stopped by the pandemic, and made investments of 139 million dollars, 65% for offices, and the rest for an expansion of a plant in Saltillo, as well as a distribution center for DHL and a company that manufactures mobile walls, in Ciénega de Flores, in Nuevo León.
“With these operations we use our cash balance. A syndicated loan for 100 million dollars this year, we effectively have a purchase capacity of 100 million dollars that we hope to make this year”, and considered that they will have the opportunity to eventually seek to make a capital issue in the second quarter, to make investments similar to those of last year, between 120 and 150 million dollars.
Perfect storm
In the industrial sector, he deepened, “there is a perfect storm”: the renovation of the T-MEC Y economic revival from U.SAlthough supply chains continue to be broken, there is an increase in demand from the American consumer and mexican exports that cannot cope, mainly in the automotive section and value chains are expected to stabilize.
On the other hand, the trade war between the United States and China has caused a constant migration of asian companies to the country; many Chinese have come to Monterrey to take advantage of the proximity to the American Union and the rules of origin of the T-MEC, also American companies that had manufacturing operations in Asia, are bringing them to Mexico.
In addition, e-commerce operations have increased due to the confinement during the pandemic, and it is observed DHL, Amazon, Free market, with an important activity and distribution centers, not only of the logistics operator but of the own manufacturing companies.
We are very focused on making these investments in the northern markets: we are looking for options in Tijuana, Ciudad Juárez, Chihuahua, Saltillo, Reynosa and Monterrey.”
“We really like the Bajío area, particularly Querétaro and San Luis Potosí, Guadalajara is a market where we are actively invested in offices and we want to expand the industrial sector, particularly the technology sector, and in the center of the country in terms of logistics” , abounded.
Currently the composition of its portfolio is 50% offices and 50% industrial, but this percentage is going to change this year, where they bet on looking for dollarized industrial investments in these areas of the country.
Exit to the stock market
Regarding the analysis to go to the stock market to make a public offering of capital, Javier Llaca explained that they have been working on it since the third quarter of 2021, “we are looking to go out and place capital, we hope that in the second quarter. The behavior of our titles is very good, we would be trading at levels very similar to the value of our assets, that puts us in a privileged position to make a capital issue”.
