Advance Real Estate acquires industrial portfolio of 1.6 million sqft

2019-05-07 - Advance

Mexico City, May 7.- Advance Real Estate, project developer in Mexico, has announced the acquisition of a new portfolio comprised of eight industrial properties located in Querétaro and Toluca, totaling 1.6 million square feet.

The leasable area of this operation is 963 thousand square feet for the city of Querétaro and 629 thousand square feet for Toluca. This acquisition will allow Advance Real Estate to expand its portfolio in Toluca.

Advance currently is present in cities such as Guadalajara, Silao, Celaya, Apaseo, Querétaro, San Juan del Río and Monterrey. This acquisition reinforces the growth strategy of Advance Real Estate in Mexico consolidating in the main industrial markets and reaffirms the commitment that our investors have with Mexico.

This acquisition represents an opportunity to take advantage of the growing demand for industrial spaces in the center of the country.

After this acquisition, Advance Real Estate accumulates a portfolio of more than 4.6 million square feet of industrial spaces in Mexico.