PGIM Real Estate sold two logistics buildings totaling 1.1 million SF, in Tijuana, Mexico, for $105 million. This transaction marks the completion of a successful investment cycle for these properties in just two years – with our Mexico team creating value on behalf of our investors from land acquisition to development, leasing and sale.
Note: For illustrative purposes only, there is no guarantee that similar results will be achieved.
FIBRA announced today that it signed a new joint venture with an international pension fund that has a key long-term relationship with PGIM Real Estate.
We believe Mexico presents an opportunity to invest in industries with robust domestic supply chains and other supporting infrastructure.
* All data as of December 31, 2022, unless otherwise noted.
