A leading industrial real estate investment trust ("FIBRA"), externally managed by PGIM Real Estate and dedicated to acquiring, developing, leasing, and managing industrial real estate properties in Mexico, announced today that it signed a new sidecar (joint venture) with an international pension fund that has a key long-term relationship with PGIM Real Estate.
The sidecar will focus on the acquisition, development, lease, and management of industrial assets located in strategic markets. Its initial commitments amount to US$200 million. Overall, the sidecar could add between US$450 and US$500 million in new investments.
This announcement comes as the FIBRA completes its three-year growth plan ahead of schedule, having successfully committed a total investment greater than its initial guidance as of year-end 2022. The sidecar represents a key milestone for the FIBRA's growth and is intended to capitalize on the strong fundamentals fueled by Mexico's nearshoring momentum.
The shift towards more regionalized trade dynamics has led many companies to accelerate their nearshoring strategies, benefiting Mexico with a growing demand for industrial real estate. Terrafina is uniquely positioned to take advantage of these opportunities, given its exposure to northern border markets, and its expertise in providing solutions for tenants of Mexico's import-export value chain. As a result, and through this sidecar, the FIBRA aims to continue growing to serve key industries. These include Electric Vehicles (EVs), e-commerce, electronics, healthcare, and manufacturing for export integrating cutting-edge technologies, among others.
This website is intended for INSTITUTIONAL INVESTORS located in Spain. Please set your preferences.
*Required Fields
Sorry based on your current selections, you cannot continue. Please update your selections or visit pgim.com for more information.
By continuing on to PGIM.com you are agreeing to the following:
For Professional Investors only. All investments involve risk, including the possible loss of capital.
The information contained in this website is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
In Spain, PGIM Limited is licensed to provide cross-border investment services in Spain and is duly authorised by the Comisión Nacional del Mercado de Valores (the “CNMV”) under official registration number 1358.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. The posting of any prospectus, Key Investor Information Document, or any other information on this website is not a recommendation or opinion for you to buy or sell any product or service or participate in any transaction.
© 2025 Prudential Financial, Inc. and its related entities.