FINSA Expands Its Portfolio in Central Mexico

Exactly one month ago, Prologis announced a binding agreement with Macquarie Asset Management to acquire the rights to administer FIBRA Macquarie. This sale, consolidated through the Transaction and Covenant Agreement, was a sign of the ongoing movement in the country's industrial real estate market, the reconfiguration of the map of major players, the adaptation of strategies in the face of the renegotiation of the USMCA in manufacturing-oriented industrial parks, and especially the boom of the logistics segment. A clear example of the latter is the announcement made yesterday by FINSA, chaired by Sergio Argüelles, about the expansion of its portfolio in the center of the country with the conclusion of the purchase of 3 AAA industrial buildings for 434 million dollars, which add up to 291 thousand m2 of space located in Hidalgo, considered one of the most dynamic corridors in the Metropolitan Zone of the Valley of Mexico (ZMVM). The acquisition simultaneously marks the closing of a process initiated in October 2025 of properties integrated into the MELI PLATAH portfolio of Frontier Industrial, led by Patricio Gutiérrez Tomassi, who was part of Artha Capital, now DEWA and Affinius Capital, its partner in AC2. The acquired property is a stabilized and 100% occupied portfolio through the leasing that Mercado Libre has in the properties, considered the main e-commerce actor in Latin America. The properties are located in Hidalgo, part of the so-called AIFA corridor, a priority axis in the central zone of the country that is also aligned with the Plan Mexico to strengthen productive and logistical infrastructure, as they have connectivity with main road axes such as the North Arc, consumption centers, and other industrial corridors. The transaction is also a sign that the logistics segment continues to be one of the main drivers of industrial growth, fueled by the boom in e-commerce, the relocation of supply chains, and the requirements for modern, efficient, and well-located infrastructure. All are reasons that FINSA highlights in the logic of its acquisition. To date, the company has a portfolio of 28 industrial parks and more than 70 locations in Mexico and internationally with a leasable and administered area of 3.9 million m2, in addition to the 14 million m2 it has built in the last 49 years. The potential of the location was also seen by the predecessors of PLATAH, as the center of Mexico is a nerve center for distribution, especially for last-mile operations. It is also a reflection of the strength achieved structurally in this segment of the market and the sustained demand for high-specification logistical spaces. The alignment of objectives and interests reflects a dynamism that continues in the industrial real estate market, of which in recent deliveries we have detailed different perspectives. However, the brokerage operation led by CBRE, chaired by Lyman Daniels, is a reflection of a solid evolution that the business has experienced from 2024 to date. In this period, 15 developers have integrated 20 industrial parks, 20% of which are specialized in logistics and 80% of mixed vocation (logistics and manufacturing). For all the reasons described, it is undoubtedly a season in which continuity is expected in corporate strategies, of which we will be attentive.