FIBRA Macquarie México Acquires Strategic Land Parcel in Guadalajara [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
a 10-hectare land parcel in Guadalajara, for Ps. 168.0 million, excluding transaction costs and taxes. FIBRAMQ anticipates developing two Class A buildings on this parcel over time, with a total GLA of approximately 460 thousand square feet. The shovel-ready land parcel is strategically located in the El Salto industrial corridor, a growing industrial submarket in Guadalajara's Metropolitan Area. This region has a solid trend of sustained rental rate growth and demand from a broad range of industrial needs including logistics, e-commerce, light manufacturing and technology industries. "We are pleased to add this strategic land parcel in Guadalajara to our diversified land bank, as we maintain momentum in our industrial growth capex program," said Simon Hanna, FIBRA Macquarie's chief executive officer. "This parcel complements our fully occupied portfolio of approximately 900 thousand square feet of GLA in Guadalajara. The market is experiencing low overall vacancy of below 3% and
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