Amazon plans new 1 million square feet warehouse in Mexico
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Amazon plans to open a 1 million square-feet warehouse near Mexico City as part of an effort to boost its presence in Mexico's nascent e-commerce industry, Canadian news outlet Reuters reported in recent days citing as sources people “familiar with the project”.
“The new warehouse is slated to be built in the Tepotzotlan municipality about 25 miles (40 km) north of the Mexican capital, according to four Mexico City real estate professionals familiar with the plans,” says the report.
Amazon currently operates two distribution centers in Mexico totaling more than 500,000 square feet. Expected to be completed next year, the facility would triple Amazon's distribution space in Mexico.
The new facility is being built by US-based industrial developer Prologis, which owns 45.9% of Fibra Prologis, a Mexico-based real estate investment trust that owns 34.2 million square feet of manufacturing and logistics space across Mexico.
Amazon posted US$ 253 million in sales in Mexico last year, more than double the year before.