Launches second issue CKDs by $ 5 billion. You can developer of industrial parks add inventory about 100 properties.

A hundred buildings Finsa add to its portfolio with the launch of its second issue of Real Estate Trust Certificates (CKDs).

FINSA Real Estate Management II and Walton Street Industrial Equity CKD conducted placement of CKDs with ticker “FINWSCK” on the Mexican Stock Exchange (BMV) for up to 5 billion pesos.

“With our natural combination in our sector leverage of 65 percent, this gives us a chance to have 15 billion pesos of product”, said Sergio Arguelles , president and CEO of Finsa, based in Monterrey.

The executive added that the amount will result in some 100 buildings and 1.8 million square meters.

The bell on the BMV on the occasion of the second issue will be the Dec. 15, he said.

“We have CKD one placed almost 108 percent. We have 74 integrated into the portfolio buildings and roughly 1.2 million square meters,” he explained.

The first placement given the opportunity to establish itself in several markets, he added, it grew from 16 to 25 industrial parks.

“We have 25 operational developments and are present in 42 different locations,” he said.

The plan of the company, he said, is to continue investing in Nuevo Leon, Coahuila, the Bajio, Aguascalientes, Guanajuato, Queretaro, Puebla and border.

“From Tijuana to Matamoros, to Juarez, Laredo and Reynosa,” said Arguelles .

Regions where hitherto stopped growing because of insecurity are improving gradually, he said.

“There are other areas that we have worried, as Tamaulipas, Matamoros is reactivated, just closing a 45,000 meters (square) in Matamoros and Reynosa has also had its activity.”

Overall, the growth rate estimated by the developer of industrial parks for the next years will be as have been experiencing so far, from 18 to 20 percent.

The manager said that at the national level, the activity that drives the industrial parks is the automotive sector.

“That is the engine that has led to the development of the Mexican economy,” he said.

“The second (drive) has everything you electronics, metalworking, logistics and aerospace,” said the developer.

Among the great

To acquire properties for their second issue of CKDs, Finsa be placed among the largest holders of industrial property in the country.

(Area in millions of square meters)

 

properties Surface*
Funo 102 3.3
Vesta 119 1.7
Finsa 174 3.0
Prologis 185 2.9
fiber Macquarie 274 ND

* Floor area lease September 2015 Source: Reports to the Mexican Stock Exchange

A hundred buildings Finsa add to its portfolio with the launch of its second issue of Real Estate Trust Certificates (CKDs).

FINSA Real Estate Management II and Walton Street Industrial Equity CKD conducted placement of CKDs with ticker “FINWSCK” on the Mexican Stock Exchange (BMV) for up to 5 billion pesos.

“With our natural combination in our sector leverage of 65 percent, this gives us a chance to have 15 billion pesos of product”, said Sergio Arguelles , president and CEO of Finsa, based in Monterrey.

The executive added that the amount will result in some 100 buildings and 1.8 million square meters.

The bell on the BMV on the occasion of the second issue will be the Dec. 15, he said.

“We have CKD one placed almost 108 percent. We have 74 integrated into the portfolio buildings and roughly 1.2 million square meters,” he explained.

The first placement given the opportunity to establish itself in several markets, he added, it grew from 16 to 25 industrial parks.

“We have 25 operational developments and are present in 42 different locations,” he said.

The plan of the company, he said, is to continue investing in Nuevo Leon, Coahuila, the Bajio, Aguascalientes, Guanajuato, Queretaro, Puebla and border.

“From Tijuana to Matamoros, passing by Juarez, Laredo and Reynosa,” he said.
The regions which until now have stopped growing because of insecurity are slowly improving.

“There are other areas that we have worried, as Tamaulipas. Matamoros is reactivated, just closing a 45,000 meters (square) in Matamoros and Reynosa has also had its activity.” She reported.

Overall, the growth rate estimated by the developer for the coming years will be as have been experiencing so far, from 18 to 20 percent.

The manager said that at the national level, the activity that drives the industrial parks is the automotive sector.

“That is the engine that has led to the development of the Mexican economy,” he said.

“The second (drive) has everything you electronics, metalworking, logistics and aerospace,” said Arguelles .

Source: The Norte.com