FIBRA Prologis (PLD) Acquires 535,861 square feet of industrial space in Tijuana, Baja California

November 30, 2022 1:03 PM EST

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FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has acquired two buildings from a third party located in Tijuana, Baja California. The buildings, which represent a total investment of US$56.5 million, including closing costs, comprise 535,861 square feet of industrial space.

"These properties in Tijuana allow us to continue satisfying a growing demand, partly fueled by nearshoring, in strategic and restricted markets, and aligned with our investment strategy while generating value to our shareholders. Through the year, and adding this acquisition, we have invested around US$120 million. These properties will be funded with funds received thru the Rights Offering," said Luis Gutiérrez, CEO, Prologis Mexico.

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