IPE Real Assets: Onshoring
Geopolitical uncertainty and deglobalisation is prompting a reconfiguration of global supply chains – with implications for logistics real estate.
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.
Geopolitical uncertainty and deglobalisation is prompting a reconfiguration of global supply chains – with implications for logistics real estate.
Mexico’s industrial returns will be supported by tight vacancies and continued rental growth, as manufacturers invest to capitalize on U.S. export demand.
All data as of March 31, 2024 unless otherwise noted.