Two real estate fibers of the agricultural sector are being planted


Farm Capital will place a real estate investment trust in the agricultural sector on the local stock market in one year; It would go for 2,000 million pesos, advanced Andrés Vázquez Lamont.

The founding partner of Grupo Enture advanced his plans in an interview. They will soon close their first private round of capital for 100 million dollars, although the goal is to climb to 200 million dollars, prior to their Initial Public Offering (IPO).

The investors that participate in the first phase of raising capital are family offices, the Fund of Funds, created by the Mexican government, also participate and will have the support of the Rural Sector Capitalization and Investment Fund (Focir).

“Our approach is zero speculative assets. We focus on top companies in the agribusiness sector, on highly profitable products and, above all, export products. We are talking about greenhouses, tomatoes, vegetables, peppers, berries, walnuts, Persian lemons, avocados, proteins (pork and beef). There is a world of investment that can be seen there”, explained Vázquez Lamont.

He said that they already have the first three projects, among which are a pig farm company for maternity and reproduction and a plant with the TIF seal (Federal Inspection Type) for Bovine.

“Soon we will celebrate our first investment committee and if it is authorized we will start with the legal due diligence of the property. They will be high-impact investments, with an environmental, social and corporate governance (ASG) focus,” said the manager.

With these vehicles real estate will be acquired and income will be generated through them. The minimum rental contracts are 15 years, with automatic renewal options for the tenant. Investors have a return for their participation.

Farm Capital, Multiple Income Administration Trust will be the name of the new fiber that Grupo Enture is developing.

“Initially we will seek 2,000 million pesos and from there we will unfold the product, we want to reach 4,000 million pesos in the private stage and then become a fiber and capture resources from Afores and other investors and already have a liquid income base”, Andres Vazquez commented.

Agroindustrial is a new sector within real estate fibers. There is little competition in the sector as such and it is a business that is not pulverized and is developing, so the interviewee considered that it is a good time to go public.

Andrés Vázquez assured that the potential is enormous because it is a sector of the economy that demands large amounts of investment. For example, he said that production from North America is increasingly migrating to Mexico and some of the tenants are Canadian groups that already have a developed market, migrating their operations to Mexico, especially to the Bajío region.

In the country they find better weather conditions, more competitive workforce, both in terms of training, availability and also in costs.

“There is a challenge for the year 2030 to 2050 of food worldwide, and Mexico is a champion in the production of this type of product, we must invest in infrastructure and this is a very valid, very solid option. We have the support and liquidity of a market like agribusiness that has shown its resilience, shown that it grew in exports, grew in terms of Gross Domestic Product (GDP) in a pandemic, it is a market that is increasingly more institutional, more professional, the large groups have evolved”, commented the Enture group partner.

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