Real estate developer and fund manager Grupo IGS is set to purchase a Mexican industrial portfolio dubbed Frontera, which consists of 37 warehouses located across the Mexico-U.S. border in the cities of Tijuana, Ciudad Juárez, Reynosa, and Matamoros. The purchase is subject to the approval of the Federal Economic Competition Commission (COFECE).

(AMEXCAP) GRUPO IGS announces the signing of the contract to purchase the portfolio in the industrial sector called “Frontera” consisting of 37 industrial warehouses that provide approximately 10,000 direct jobs, for a total amount of approximately US $ 117,000,000.00 (one hundred and seventeen million dollars), demonstrating once again his confidence in the future of Mexico. The purchase is subject to the approval of the Federal Economic Competition Commission (COFECE) and other conditions usually required for these operations.

The portfolio, as its name indicates, is located mainly in the border area, from Tijuana, passing through Ciudad Juárez, Reynosa and Matamoros. In accordance with the strategy of GRUPO IGS, this is a value-added portfolio, where once again, together with its collaborators, it will demonstrate its great experience and capacity to add value in the short and medium term.  

It also has the support of its investors, Mexicans (AFORES) and foreigners, who fully trust in the future development of the country. As is tradition, they have the financial support of the National Bank of Foreign Trade (BANCOMEX) with whom they have maintained a great relationship for more than 15 years, through a record of zero breaches.

Grupo IGS, which issued its third CKD only one year ago, has committed to investing in the Industrial and Housing sector about 60% of the resources entrusted to it by investors, and they have the confidence that in the next 12 months will invest up to 80% of them.

In the Housing sector they have invested $ 300,000,000.00 MN (three hundred million pesos). This sector has solid economic fundamentals based on the growing creation of jobs, the economic growth of the country, which has allowed the working classes and the middle sector of our country to have decent housing, thus raising their standard of living.

Who is Grupo IGS

Founded in 1997, Grupo IGS is a Developer and Manager of Investment Funds dedicated to creating value for its investors and clients in the Industrial Real Estate, Housing and Development sector.

IGS Industrial: Purchase, manage and manage industrial warehouses and distribution centers in the main markets of the Mexican Republic.

IGS Housing : Purchase land with land use and feasibility, is associated with developers throughout the Mexican Republic, to implement housing projects of social and medium interest.

IGS Development : Purchase land and develop mixed-use projects, anchored in homes, adding commercial areas, offices and amenities for the benefit of the community where they are located.