Posts Tagged commercial real estate

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican corporate group FEMSA will invest approximately US$1.3 billion in Mexico this year across its retailing, beverage bottling and gas station operations, the company reported. Key projects include 50 new gas station-convenience store combination locations under the company’s Oxxo brand. (Dinero en Imagen, February 28, 2017)
  • Logistics: DHL Express, courier subsidiary of German logistics multinational DHL, reported plans to invest approximately US$200 million to expand operations in Mexico. Projects include upgrades to the company’s air freight terminals in the Monterrey, Guadalajara and Querétaro airports and the opening of new service centers, among others. (El Financiero, February 23, 2017)
  • Dairy: Mexican dairy giant Grupo Lala plans investment of approximately US$175 million to expand operations, the company reported. Lala specified only that resources will support “innovation and productivity.” (Dinero en Imagen, February 21, 2017)
  • Mining: Canadian mining company Goldcorp reported plans to invest US$300 million in its Peñasquito mine in the northern state of Zacatecas. The company is seeking to increase its gold-producing holdings by 20%. (El Financiero, February 20, 2017)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$170 million in Mexico operations during the present year. Resources will support the group’s activities in areas such as pork production, automotive transmission manufacturing, rubber and auto parts. (El Financiero, February 17, 2017)
  • Electronics: German electronics manufacturing conglomerate Siemens will invest approximately US$200 million in Mexico over the next 10 years, the company reported. Areas of investment will include technology innovation, industrial digitalization and modernization of energy management. (Forbes, February 15, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Automotive: German auto maker Audi inaugurated a major new manufacturing plant in the southeastern state of Puebla. The US$1.3 billion facility will produce the brand’s Q5 premium sports utility vehicle (SUV) for export around the world, according to media reports. (Expansión, September 30, 2016)
  • Technology: U.S. networking technology manufacturer Cisco Systems estimates it will invest up to US$4 billion in Mexico operations over the next two years, the Mexican government reported. Resources reportedly will support increased production  of products such as routers, servers and video-conferencing screens for export to 110 countries. (Bloomberg, September 27, 2016)
  • Electronics: Japanese audio speaker manufacturer Tohoku Pioneer will establish a manufacturing plant in the western state of Jalisco, the Jalisco state government announced. The US$5million production site will be located next to an existing Pioneer Corp. plant producing GPS systems. (Informador, September 27, 2016)
  • Steel: Mexican steel wire producer Deacero is projecting approximately US$300 million in investment over the next two years in Mexico operations. Plans include adding new products to the company’s portfolio, particularly for the automotive industry. (Reforma, September 8, 2016)
  • Solar power: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, plans to invest approximately US$150 million in the two energy generation projects it was awarded in a recent government auction. IEnova will build two solar parks in the states of Aguascalientes and Baja California. (El Financiero, September 29, 2016)
  • Casual dining: Mexican casual dining franchise operator Orquest Foods plans to open 60 Papa John’s pizza restaurants in Mexico over the next eight years, the company reported. Orquest recently acquired 26 Papa John’s locations in the Mexico City metropolitan area.  (Reforma, September 9, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican commercial conglomerate Grupo Gigante plans investment of approximately US$800 million over the next five years to expand and upgrade its casual dining properties, the company reported. Projects include new location openings and remodeling for chains such as Toks and Beer Factory, as well as support for non-food retail chains operated by the company such as Office Depot and Petco. (Reforma, July 27, 2016)
  • Aerospace: U.S. aerospace components manufacturer Esterline Corp. announced it will expand its plant in the northern border city of Tijuana during the company’s participation at the recent Farnborough International Air Show. The US$35 million expansion will allow Esterline to increase production of its electronics for aerospace applications. (Tijuana en la Noticia, July 14, 2016)
  • Medical devices: German medical device manufacturer CODAN announced it will invest approximately US$9 million to establish a new production plant in the northern border city of Tijuana. The site is expected to produce medical transfusion and infusion systems. (Periódico Industrial Siglo 21, July 21, 2016)
  • Telecommunications: Mexican telephone, television and internet service provider Totalplay, a subsidiary of conglomerate Grupo Salinas, is completing investment of US$400 million to expand its fiber optic network, the company reported. The company reports coverage of 6 million homes in 20 Mexican cities. (El Financiero, July 13, 2016)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) inaugurated a US$3.8 million expansion of its airport at the Pacific coast resort of Zihuatanejo, the company reported. Projects included expansion and remodeling of terminal locations including waiting areas, baggage claim, immigration, Customs, inspection and passenger services areas. (El Financiero, July 15, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: Mexican steel producer Altos Hornos de México (AHMSA) inaugurated a steel plate normalizing plant in the northern state of Coahuila. The US$140 million facility is expected to process steel for rail tanker cars, marine vessels and other applications requiring hardened steel. (El Tiempo, June 28, 2016)
  • Commercial real estate: Mexican developer GICSA is projecting approximately US$1.6 billion to build 15 shopping centers and mixed-use developments through 2018, the company reported. Projects include luxury sites in resort areas Playa del Carmen and Puerto Vallarta, as well as the Mexico City and Cuernavaca areas. (El Financiero, June 22, 2016)
  • Infrastructure: Canadian investment group Caisse de dépôt et placement du Québec (CDPQ) plans joint investment of US$834.5 million with Mexican investment consortium CKD Infraestructura México to develop infrastructure projects in Mexico, the Mexican government reported. Projects are expected to focus on electricity generation, transmission and distribution. (El Financiero, June 28, 2016)
  • Healthcare: U.S. wellness services provider Cenegenics plans investment of approximately US$10 million over the coming two years to open 10 clinics in Mexico, the company reported. Cenegenics’ program of “age management medicine” targets premium level consumers. (Reforma, June 17, 2016)
  • Aerospace: Spanish aerospace engine and turbine manufacturer ITP plans to expand production capacity at its plant in the central state of Querétaro, the company reported. The US$50 million investment will support design and production of components such as fuselages, radial structures, seals and hydraulic systems. (Reforma, June 20, 2016) Read the rest of this entry »

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