BTSD invests US$25 million in the bajio and northern border zones
MEXICO CITY — With an investment of US$25 million the developer of industrial building, BTS Development (BTSD) consolidated in the bajío and norther border markets of the country, which register an attractive growth due to the automotive, logistics, consumption and aerospace sectors.
In Guanajuato, the Mexican developer completed the construction of its Amexhe industrial park covering an area of close to 29,000 square meters of construction for offices, parking lots and industrial facilities.
In Ciudad Juárez, Chihuahua, BTSD closed the acquisition of a 5-hectare land in the Independencia I industrial park where the company plans to develop 24,000 square meters of industrial facilities in one or two buildings, according to the needs of the customers.
“With these two operations that represent around 52,000 square meters of industrial spaces, we are growing our managed area by around 10%,” said Pablo Barco, investment director of the company, specifying that at Amexhe there’s an investment that amounts to US$ 13.5 million and in Juarez there’s an investment of US$ 11.5 million.
BTSD currently covers an area of 660,000 square meters of Class industrial building spaces distributed in the cities of Monterrey, Querétaro, Guanajuato, Lerma, the Cuautitlán-Tultitlán-Tepoztlán corridor and now in Ciudad Juárez.
According to information from brokers, said Pablo Barco, the industrial real estate market has a good performance in the bajío and northern border areas, due to the good performance of exports and manufacturing industry.
CBRE data indicate that at the end of the second quarter of the year, in the Bajío region there were 36 projects under construction and a demand of 102,000 square meters.
While in Ciudad Juarez there are 162,000 square meters under construction, but in the coming months a demand of 232,000 square meters is expected.
“During the last decade, Ciudad Juárez has remained stable and today the unemployment rate is 0.7%,” said Pablo Barcos, stressing that in this area, there’s a demand coming mainly from Chinese, Taiwanese German and European maquila and logistics companies.
The executive recalled as well that BTSD plans to invest US$200 million in the next five years and that a few months ago the company concluded the sale of properties occupying a profitable area of 110,000 built square meters and a land reserve in the northern part of Mexico City.
“Amexhe and Ciudad Juárez represent 50% of that portfolio that we sold and we have other projects coming,” he concluded.