Thor Urbana acquires 9 industrial properties in Mexico, responding to high demand

From GlobeNewswire: 2024-07-01 12:04:00

Thor Urbana has acquired 9 industrial properties in Saltillo and Ramos Arizpe, totaling over 1.6 million square feet of leasable space. This move is in response to the attractive fundamentals of Mexico’s industrial sector, which has seen a historic low vacancy rate and double-digit rent increases in the last year. Mexico has experienced a 27% year-on-year increase in foreign direct investment in 2023, reaching over US$36 billion. This surge in FDI highlights the country’s growing appeal as an investment destination, particularly due to companies relocating their production chains closer to major markets. Thor Urbana aims to expand its industrial portfolio to maximize investment opportunities in Mexico’s booming industrial sector.



Read more at GlobeNewswire: Thor Urbana Continues Its Expansion in the Industrial