Monterrey, NL. Vesel Mty expects to make investments of more than $ 100 million in the industrial real estate market, and I will look for options in the capitals in the north of the country and in the Bajío, as it is a sector that is growing a lot, it is very resilient, it has a lot of liquidity, in addition to the relocation of companies in the region, the war between US Y China and the rise of electronic commerce, commented on The Economist, Javier Llaca, its director of operations and investments.
“We’re seeing a boom in the industrial market, which is very resilient, a market I have not seen in 30 years, such low vacancy rates, in general, 4% availability rate, markets like Tijuana that have virtually no availability. , there is a very important activity in custom projects, it is definitely a very clear bet for us, ”he indicated.
Last year was good for him. real estate investment trust, because they resumed the pandemic-halted investment program and made $ 139 million in investments, 65% for offices, and the rest for an expansion of a Saltillo plant, as well as a distribution center for DHL and a company that manufactures mobile walls, in Ciénega de Flores, in Nuevo León.
“With these operations we use our cash balance. A syndicated loan for $ 100 million this year, we effectively have a purchasing power of $ 100 million that we hope to make this year ”, and believes that they will have the opportunity to finally seek a capital issue in the second quarter, to make investments similar to last year, between 120 and 150 million dollars.
Perfect storm
In the industrial sector, he deepened, “there is a perfect storm”: the overhaul of the T-LUR Y economic revival of USAlthough supply chains are still being broken, there is an increase in demand from the US consumer and Mexican exports who can not handle, mainly in the engine department and value chains are expected to stabilize.
On the other hand, the trade war between the United States and China caused a constant migration of Asian companies to the country; many Chinese came to Monterrey to take advantage of the proximity to the American Union and the rules of origin of the T-MEC, also American companies that had manufacturing operations in Asia, bring it to Mexico.
In addition, e-commerce activity has increased as a result of the birth during the pandemic, and this is being observed DHL, Amazon, Free Market, with important activity and distribution centers, not only of the logistics operator, but of its own manufacturing companies.
We are very focused on making these investments in the northern markets: we are looking for options in Tijuana, Ciudad Juárez, Chihuahua, Saltillo, Reynosa and Monterrey. ”
“We like the Bajío area a lot, especially Querétaro and San Luis Potosí, Guadalajara is a market where we are actively investing in offices and we want to expand the industrial sector, especially the technology sector, and in the middle of the country in terms of logistics ”, abundant.
Currently, the composition of its portfolio is 50% offices and 50% industry, but this percentage is going to change this year, where they bet looking for dollarized industrial investments in these areas of the country.
Exit to the stock market
Regarding the analysis to go to the stock market to make a public offering of capital, Javier Llaca explained that since the third quarter of 2021, they have been working on it, “we are looking to go out and put capital, we hope that in the second quarter.The behavior of our titles is very good, we will trade at levels very similar to the value of our assets, which puts us in a privileged position to make a capital issue.
Reference-www.eleconomista.com.mx