The group headed by the Elman family prepares
Writer Real eStrategy 2 Commercial RE News, And Corporate Offices October 17, 2010 Another operation that is cooked, just in real estate, is the E. Developments This is the powerful group of Moses Elman. It was learned that the employer is putting together a package of properties placed on the Bolsa Mexicana de Valores. Not yet known if the famous resort CKDs or to a fiber, but what transpired is that it will include a number of assets. Elman has Tultitlán wineries and shopping centers in Cancun and the Central de Abasto in Mexico City. Samara is the building owner of Santa Fe, the second phase and Arcos Bosques Paseo Interlomas associated with Elijah and Joseph GICSA Cababie and Latino Film Project with Alberto Saba Raffoul. It seems that Elman's financial advisor is to protect, the investment bank owned by Pedro Aspe.
Mostrando entradas con la etiqueta mazatlan real estate. Mostrar todas las entradas
Mostrando entradas con la etiqueta mazatlan real estate. Mostrar todas las entradas
lunes, 18 de octubre de 2010
miércoles, 13 de octubre de 2010
Mexico Are Safety Concerns Fact or Fiction?
Mexico Real Estate: Are Safety Concerns Fact or Fiction?
Published on: Wednesday, December 02, 2009 Written by: Glynna Prentice
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Mexico's real estate market and tourism industry have been hard hit by the global recession, concerns of drug violence and the swine flu. Are the safety concerns legitimate, or a myth reinforced by the media? Glynna Prentice from International Living seeks to debunk some of the misconceptions on safety in Mexico.
Mazatlan, MexicoPart of my daily routine here in Campeche, where I live in the Yucatán Peninsula, is to stroll to the historic center and chat with friends who own shops on the main street. I usually go in the late afternoon when the air is cooler and long shadows stretch across the cobbled streets and colonial buildings. It’s a nice walk, and very peaceful.
I used to pass lots of tourists along the way, but I don’t anymore. These days my friends mostly talk about how tourism is down, and with it their sales.
Tourism all over Mexico has slowed to a trickle this year. Part of this is due to the global recession, which has left people with less money to spend on travel. But mostly it’s due to bad press, to fears of swine flu and of drug violence. And it’s a shame, because it’s both inaccurate and undeserved.
It’s doubly a shame because those fears are making folks miss out on some exceptional bargains. Right now, you can get big savings on Mexico travel deals—discounts on hotel stays, air fares, restaurants and the like—to entice tourists back. The tourists who come all have a great time.
They find Mexico as beautiful and exciting as ever, and they marvel at the huge gap between what the media has told them and the reality they find.
So, for all of you who haven’t been lucky enough to see the truth first-hand, I’d like to do a little myth-busting.
Myth #1: You’ll Catch the Swine Flu in Mexico
Actually, you can catch the swine flu anyplace, because it’s spread all over the world. In June, the World Health Organization declared the swine flu—virus H1N1—a pandemic. In other words, it’s pretty much everyplace. In fact, these days you probably have a better chance of catching it in the U.S. than in Mexico, because there have been more confirmed cases in the U.S.
H1N1 may not even have begun in Mexico. But Mexican health officials first identified it. And Mexico, being a good global citizen, blew the whistle. Sadly, that decision has cost Mexico billions in tourist dollars.
Here’s the situation now: As noted, the WHO declared H1N1 a pandemic in June. Note that this doesn’t mean the disease has gotten more dangerous. The term pandemic just refers to how widely it’s spread.
Countries that had warned against travel to Mexico have largely lifted those bans. The U.S. Centers for Disease Control and Prevention, for instance, have removed their travel warning for Mexico and replaced it with a general global warning. Airlines that had canceled flights to Mexico when the flu first appeared have begun resuming their schedules.
The fall flu season has begun and, as expected, new cases of H1N1 are showing up in both the U.S. and Mexico. Vaccines are available in the U.S. already, and will be in Mexico by December (huge demand for the vaccine has slowed down delivery). In the meantime, Mexico’s public health department—which takes its job seriously—has been educating the public on how to cut down the spread of infection, like washing your hands often or staying home if you’re sick. (These simple measures are very effective, actually.) In addition, businesses like restaurants often hand out antiseptic hand gel to customers to make sure folks follow proper hygiene procedures. Mexico’s health officials also note that, from what they’ve seen so far, H1N1 is proving no more dangerous than the normal flu.
So chances are slim that you’ll catch the flu if you come to Mexico. But if you do, don’t worry. Mexico’s hospitals and doctors are first-rate, and they’ve all been prepped on this strain of flu.
Myth #2: Mexico is Violent
Many people already see through the media hype and take what they read and hear with a grain of salt. They realize that violence in border towns and drug areas doesn’t affect safety in places that are hundreds of miles away. To do so, as the media does, is like condemning Ohio for violence in Detroit.
But because the media keeps harping on it, we’ll say it again….
Only parts of Mexico are violent. These are the border areas, Mexico City, and a few other drug-related areas that have always been dicey. In other words, the usual suspects. We don’t recommend these areas.
Most of Mexico is still safe. The places we recommend—such as San Miguel de Allende, Ajijic, Puerto Vallarta and others—are probably safer than where you live now. Certainly Campeche is safer than anyplace I’ve ever lived before.
I’ve walked around cities all over Mexico by day and by night, and I’ve always felt safe. I take normal, sensible precautions, but otherwise I don’t worry. Other expats I’ve spoken with tell me the same thing. Random violence of the kind we know from the U.S.—muggings, for instance—is extremely rare here. It’s just not something you worry about. And the drug war? Unless you’re dealing or buying, you’re likely safe.
Reality: Mexico is Still as Great a Destination as it Always Was
Fundamentally, Mexico hasn’t changed. It’s still beautiful, exotic, and welcoming…and offering a high quality of life at a fraction of what you pay north of the border.
And traveling to Mexico now is a better bargain than ever, thanks to all the special offers. So do yourself a favor and take advantage of them. Because—like the media frenzy over the swine flu—they won’t last forever.
This article has been republished from International Living. You can also view this article at InternationalLiving.com.
Published on: Wednesday, December 02, 2009 Written by: Glynna Prentice
Click a star to rate.
ShareRSS
Comments
Mexico's real estate market and tourism industry have been hard hit by the global recession, concerns of drug violence and the swine flu. Are the safety concerns legitimate, or a myth reinforced by the media? Glynna Prentice from International Living seeks to debunk some of the misconceptions on safety in Mexico.
Mazatlan, MexicoPart of my daily routine here in Campeche, where I live in the Yucatán Peninsula, is to stroll to the historic center and chat with friends who own shops on the main street. I usually go in the late afternoon when the air is cooler and long shadows stretch across the cobbled streets and colonial buildings. It’s a nice walk, and very peaceful.
I used to pass lots of tourists along the way, but I don’t anymore. These days my friends mostly talk about how tourism is down, and with it their sales.
Tourism all over Mexico has slowed to a trickle this year. Part of this is due to the global recession, which has left people with less money to spend on travel. But mostly it’s due to bad press, to fears of swine flu and of drug violence. And it’s a shame, because it’s both inaccurate and undeserved.
It’s doubly a shame because those fears are making folks miss out on some exceptional bargains. Right now, you can get big savings on Mexico travel deals—discounts on hotel stays, air fares, restaurants and the like—to entice tourists back. The tourists who come all have a great time.
They find Mexico as beautiful and exciting as ever, and they marvel at the huge gap between what the media has told them and the reality they find.
So, for all of you who haven’t been lucky enough to see the truth first-hand, I’d like to do a little myth-busting.
Myth #1: You’ll Catch the Swine Flu in Mexico
Actually, you can catch the swine flu anyplace, because it’s spread all over the world. In June, the World Health Organization declared the swine flu—virus H1N1—a pandemic. In other words, it’s pretty much everyplace. In fact, these days you probably have a better chance of catching it in the U.S. than in Mexico, because there have been more confirmed cases in the U.S.
H1N1 may not even have begun in Mexico. But Mexican health officials first identified it. And Mexico, being a good global citizen, blew the whistle. Sadly, that decision has cost Mexico billions in tourist dollars.
Here’s the situation now: As noted, the WHO declared H1N1 a pandemic in June. Note that this doesn’t mean the disease has gotten more dangerous. The term pandemic just refers to how widely it’s spread.
Countries that had warned against travel to Mexico have largely lifted those bans. The U.S. Centers for Disease Control and Prevention, for instance, have removed their travel warning for Mexico and replaced it with a general global warning. Airlines that had canceled flights to Mexico when the flu first appeared have begun resuming their schedules.
The fall flu season has begun and, as expected, new cases of H1N1 are showing up in both the U.S. and Mexico. Vaccines are available in the U.S. already, and will be in Mexico by December (huge demand for the vaccine has slowed down delivery). In the meantime, Mexico’s public health department—which takes its job seriously—has been educating the public on how to cut down the spread of infection, like washing your hands often or staying home if you’re sick. (These simple measures are very effective, actually.) In addition, businesses like restaurants often hand out antiseptic hand gel to customers to make sure folks follow proper hygiene procedures. Mexico’s health officials also note that, from what they’ve seen so far, H1N1 is proving no more dangerous than the normal flu.
So chances are slim that you’ll catch the flu if you come to Mexico. But if you do, don’t worry. Mexico’s hospitals and doctors are first-rate, and they’ve all been prepped on this strain of flu.
Myth #2: Mexico is Violent
Many people already see through the media hype and take what they read and hear with a grain of salt. They realize that violence in border towns and drug areas doesn’t affect safety in places that are hundreds of miles away. To do so, as the media does, is like condemning Ohio for violence in Detroit.
But because the media keeps harping on it, we’ll say it again….
Only parts of Mexico are violent. These are the border areas, Mexico City, and a few other drug-related areas that have always been dicey. In other words, the usual suspects. We don’t recommend these areas.
Most of Mexico is still safe. The places we recommend—such as San Miguel de Allende, Ajijic, Puerto Vallarta and others—are probably safer than where you live now. Certainly Campeche is safer than anyplace I’ve ever lived before.
I’ve walked around cities all over Mexico by day and by night, and I’ve always felt safe. I take normal, sensible precautions, but otherwise I don’t worry. Other expats I’ve spoken with tell me the same thing. Random violence of the kind we know from the U.S.—muggings, for instance—is extremely rare here. It’s just not something you worry about. And the drug war? Unless you’re dealing or buying, you’re likely safe.
Reality: Mexico is Still as Great a Destination as it Always Was
Fundamentally, Mexico hasn’t changed. It’s still beautiful, exotic, and welcoming…and offering a high quality of life at a fraction of what you pay north of the border.
And traveling to Mexico now is a better bargain than ever, thanks to all the special offers. So do yourself a favor and take advantage of them. Because—like the media frenzy over the swine flu—they won’t last forever.
This article has been republished from International Living. You can also view this article at InternationalLiving.com.
Rose 28% Private Investment In Tourism in Mexico 2010
Rose 28% private investment in tourism
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
domingo, 10 de octubre de 2010
sábado, 9 de octubre de 2010
GMexico Will Invest $3,800 Million Dollars
GMexico will invest 3.800 million dollars
The investment will be mainly in Cananea during the next five years by the rise in metals in the 3rd quarter action GMexico up 18 % and 20% Penoles .
Penoles has planned to open five new mines in the following years. (Photo : Bloomberg News)
RELATED ARTICLES
GMexico invest 30 million dollars in Cananea
The firm said that with these resources produce molybdenum metal used in steel production . The miners are seeking out Cananea
The union said a judge granted a temporary suspension to continue their strike. urges Asarco Grupo Mexico
The miner posted a net profit of $ 310 million in the second quarter. prepaid credit Peñoles 2008
The miner said prepaid all of a syndicated loan maturing in June 2011. Gold hit new highs
The price of the metal exceeded $ 1.290 an ounce , boosted by comments from the Fed The copper production falls 3.5%
Mexico reduced production of the metal in June from a year to 19.481 tonnes, INEGI said .
Special
The 500 companies in Mexico 2010
Special
Mexico , toward the end of the crisis? By: Jesus Ugarte
MEXICO CITY ( CNNExpansión.com ) – In the expectation of recovery of the world economy, particularly the continued increase in demand and prices for metals like copper and gold, the great Mexican mining ; Grupo Mexico and Industrias Penoles exercised in the following years millions invested.
Only in Mexico Grupo Mexico presiding Germán Larrea, Plans to pay up in the next five years 3.800 million dollars ( mdd) , of which , 2,100 million dollars will be targeted to the newly reclaimed mine Cananea.
” In the case of Cananea seek to become the fourth largest copper deposit in the world , “he said in an interview with Jorge Pulido , deputy director of investor relations firm.
With the new investments aim to increase production of copper content Cananea from 180,000 to 450,000 tons by 2015. Although the market is talking about the possibility of a relapse in the U.S. economy (EU ), the group’s management is confident that the recovery will continue .
The investment GMéxico is almost five times higher than the recently announced Volkswagen.
According to Rodrigo Heredia, analyst IXE Casa de Bolsa, this will allow a greater demand for commodities by emerging countries , particularly those of BRIC (Brazil, Russia, India and China).
It is estimated that China consumes only 36% of world copper production and the expectation is that the U.S. economy continue to grow at double digit.
As for the price of industrial metal (copper ), the projected mining industry analysts point to continue at high levels. “Some analysts talk about that in 2011 would settle at an average of 3.65 dollars per ounce , even the optimists say it could reach up to 4.0 dollars, ” said Pulido. At yesterday’s closing price of this metal was located in the 3.5450 U.S. dollars , thus accumulating a 17% hike in the last 90 days.
The metal provides 74% of the total income of the mining division Grupo Mexico ( Company 26 500 Expansion ) and about 60 % of the consolidated (including transport division ).
The historic gold glitter
The metal continues to record new highs in their quotes , forecasts are less encouraging. This Wednesday concluded the session in the $ 1,293.20 an ounce , 18 % above the level that ended in 2009.
“Gold has become an investment option backup to protect against U.S. inflation and amid fears of a double recession, ” said an analyst at IXE Casa de Bolsa. It found that although the price can be set in metal that increases the risk appetite in markets, even at high levels could be maintained .
The growth plans Penoles presiding Alberto Baillères are also very ambitious for the next five years. For the period 2010-2014 the company has proposed to increase by 50% and 40% of its production volumes of gold and silver , respectively, compared with the level of 2009.
Through Fresnillo, Penoles open five new mines : Soledad dipole ( which came into operation in 2010), Saucito , Christmas Eve , San Julián , Orysivo , and expansion of swamp. In 2009 the firm invested about 400 million dollars, which will take off significantly with new projects.
Of total consolidated revenue of the group ( 12 months to June) , gold contributed about 28% and 42.4% silver .
For Karla Peña , an analyst at Actinver Casa de Bolsa, the increase in revenues of this company has not been reflected in their flows due to the sharp increase in cost.
‘ Flashes ‘ equity
The sharp rise in the price of copper and gold has led to a sharp appreciation in the price of the shares Penoles and Grupo Mexico in the Bolsa Mexicana de Valores ( BMV). Only so far in the third quarter, the first has a nominal output of 20% and the second of 18%.
Compared to their lowest levels observed in the last 12 months , the stock price of these stations have soared 45% and 54 % in the same order.
“We must bear in mind that the performance of the action Grupo Mexico is highly exposed to economic performance of China , the main consumer of this metal in the world , “said Pena Actinver .
In the case of Penoles ( Company 42 of the 500 Expansion), IXE Heredia also said the rise in gold prices , other factors that have affected the recovery of the share price are: solid fundamentals that the company has ( strong balance sheet , business expansion and improvement in margins) , the lag that had been presented against the index of the Bombay BMWThe refinancing of its debt and the beginning of the seasonality of gold and silver ( September-December ).
The investment will be mainly in Cananea during the next five years by the rise in metals in the 3rd quarter action GMexico up 18 % and 20% Penoles .
Penoles has planned to open five new mines in the following years. (Photo : Bloomberg News)
RELATED ARTICLES
GMexico invest 30 million dollars in Cananea
The firm said that with these resources produce molybdenum metal used in steel production . The miners are seeking out Cananea
The union said a judge granted a temporary suspension to continue their strike. urges Asarco Grupo Mexico
The miner posted a net profit of $ 310 million in the second quarter. prepaid credit Peñoles 2008
The miner said prepaid all of a syndicated loan maturing in June 2011. Gold hit new highs
The price of the metal exceeded $ 1.290 an ounce , boosted by comments from the Fed The copper production falls 3.5%
Mexico reduced production of the metal in June from a year to 19.481 tonnes, INEGI said .
Special
The 500 companies in Mexico 2010
Special
Mexico , toward the end of the crisis? By: Jesus Ugarte
MEXICO CITY ( CNNExpansión.com ) – In the expectation of recovery of the world economy, particularly the continued increase in demand and prices for metals like copper and gold, the great Mexican mining ; Grupo Mexico and Industrias Penoles exercised in the following years millions invested.
Only in Mexico Grupo Mexico presiding Germán Larrea, Plans to pay up in the next five years 3.800 million dollars ( mdd) , of which , 2,100 million dollars will be targeted to the newly reclaimed mine Cananea.
” In the case of Cananea seek to become the fourth largest copper deposit in the world , “he said in an interview with Jorge Pulido , deputy director of investor relations firm.
With the new investments aim to increase production of copper content Cananea from 180,000 to 450,000 tons by 2015. Although the market is talking about the possibility of a relapse in the U.S. economy (EU ), the group’s management is confident that the recovery will continue .
The investment GMéxico is almost five times higher than the recently announced Volkswagen.
According to Rodrigo Heredia, analyst IXE Casa de Bolsa, this will allow a greater demand for commodities by emerging countries , particularly those of BRIC (Brazil, Russia, India and China).
It is estimated that China consumes only 36% of world copper production and the expectation is that the U.S. economy continue to grow at double digit.
As for the price of industrial metal (copper ), the projected mining industry analysts point to continue at high levels. “Some analysts talk about that in 2011 would settle at an average of 3.65 dollars per ounce , even the optimists say it could reach up to 4.0 dollars, ” said Pulido. At yesterday’s closing price of this metal was located in the 3.5450 U.S. dollars , thus accumulating a 17% hike in the last 90 days.
The metal provides 74% of the total income of the mining division Grupo Mexico ( Company 26 500 Expansion ) and about 60 % of the consolidated (including transport division ).
The historic gold glitter
The metal continues to record new highs in their quotes , forecasts are less encouraging. This Wednesday concluded the session in the $ 1,293.20 an ounce , 18 % above the level that ended in 2009.
“Gold has become an investment option backup to protect against U.S. inflation and amid fears of a double recession, ” said an analyst at IXE Casa de Bolsa. It found that although the price can be set in metal that increases the risk appetite in markets, even at high levels could be maintained .
The growth plans Penoles presiding Alberto Baillères are also very ambitious for the next five years. For the period 2010-2014 the company has proposed to increase by 50% and 40% of its production volumes of gold and silver , respectively, compared with the level of 2009.
Through Fresnillo, Penoles open five new mines : Soledad dipole ( which came into operation in 2010), Saucito , Christmas Eve , San Julián , Orysivo , and expansion of swamp. In 2009 the firm invested about 400 million dollars, which will take off significantly with new projects.
Of total consolidated revenue of the group ( 12 months to June) , gold contributed about 28% and 42.4% silver .
For Karla Peña , an analyst at Actinver Casa de Bolsa, the increase in revenues of this company has not been reflected in their flows due to the sharp increase in cost.
‘ Flashes ‘ equity
The sharp rise in the price of copper and gold has led to a sharp appreciation in the price of the shares Penoles and Grupo Mexico in the Bolsa Mexicana de Valores ( BMV). Only so far in the third quarter, the first has a nominal output of 20% and the second of 18%.
Compared to their lowest levels observed in the last 12 months , the stock price of these stations have soared 45% and 54 % in the same order.
“We must bear in mind that the performance of the action Grupo Mexico is highly exposed to economic performance of China , the main consumer of this metal in the world , “said Pena Actinver .
In the case of Penoles ( Company 42 of the 500 Expansion), IXE Heredia also said the rise in gold prices , other factors that have affected the recovery of the share price are: solid fundamentals that the company has ( strong balance sheet , business expansion and improvement in margins) , the lag that had been presented against the index of the Bombay BMWThe refinancing of its debt and the beginning of the seasonality of gold and silver ( September-December ).
viernes, 8 de octubre de 2010
Luxury Real Estate Projects Are Reactivated in Mexico
Luxury real estate projects are reactivated
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
AMB Will Invest 600 Million Dollars In REal Estate Developments
AMB will invest 600 million dollars in real estate development
23/09/2010 09:56
Mexico. AMB Property Mexico, a developer and manager of industrial real estate, mainly in regard to distribution and storage centers, said it plans to invest about $600 million dollars in the country over the next four years to face the growing demand for consumer and industrial companies and logistics infrastructure.
The announcement was made by AMB Property Mexico, a subsidiary of the global company, AMB Property Corporation, after formalized the placement of $3,300 billion pesos of certificates maturing on the Mexican Stock Exchange, a transaction that for the first time will allow institutional investors, such as companies that manage pension funds for retirement, participate of the profits and revenues of the growing industrial real estate sector in Mexico.
This way, with the resources obtained by AMB Property Mexico for the placement of the certificates, plus about $700 million pesos that will bring the company, plus a similar amount of funds that will receive from the debt, the company expects to build more than a million square feet of industrial infrastructure in Mexico over the next four years.
Particularly, AMB Property Mexico will focus on building distribution centers and intermodal terminals in Mexico City, Guadalajara and Monterrey, which are the main consumption centers in the country and where there is a growing demand for this type of infrastructure.
Investment announcement of AMB Property Mexico is, indirectly, a vote of confidence in the economic future of Mexico, although in recent months the levels of insecurity faced by some cities, mainly in the north, have generated some uncertainty about companies, mainly foreign, would slow their investment plans.
23/09/2010 09:56
Mexico. AMB Property Mexico, a developer and manager of industrial real estate, mainly in regard to distribution and storage centers, said it plans to invest about $600 million dollars in the country over the next four years to face the growing demand for consumer and industrial companies and logistics infrastructure.
The announcement was made by AMB Property Mexico, a subsidiary of the global company, AMB Property Corporation, after formalized the placement of $3,300 billion pesos of certificates maturing on the Mexican Stock Exchange, a transaction that for the first time will allow institutional investors, such as companies that manage pension funds for retirement, participate of the profits and revenues of the growing industrial real estate sector in Mexico.
This way, with the resources obtained by AMB Property Mexico for the placement of the certificates, plus about $700 million pesos that will bring the company, plus a similar amount of funds that will receive from the debt, the company expects to build more than a million square feet of industrial infrastructure in Mexico over the next four years.
Particularly, AMB Property Mexico will focus on building distribution centers and intermodal terminals in Mexico City, Guadalajara and Monterrey, which are the main consumption centers in the country and where there is a growing demand for this type of infrastructure.
Investment announcement of AMB Property Mexico is, indirectly, a vote of confidence in the economic future of Mexico, although in recent months the levels of insecurity faced by some cities, mainly in the north, have generated some uncertainty about companies, mainly foreign, would slow their investment plans.
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