BlackRock Latin American Investment Trust highlighted its benefits obtained through Fibra Uno and nearshoring in Mexico.

According to this BlackRock-managed fund, Fibra Uno shares have benefited from offshoring, i.e. increased foreign investment and demand for industrial properties.

The stock also rose following the announcement of a potential initial public offering in which the company would create a new vehicle for its industrial real estate assets.

Fibra Uno and nearshoring

The industrial market in Mexico has continued to experience significant growth and steady demand in the main cities monitored, such as Mexico City, Monterrey, Guadalajara, Querétaro, the Guanajuato area, Tijuana, Ciudad Juárez and Puebla.

Demand is mainly focused on distribution and manufacturing real estate.

Resultados financieros de Fibra Uno

In the last two years, high demand has led to rapid occupancy of the limited availability, prompting developers to build new industrial buildings.

However, demand persists, with many tenants opting for pre-leases. It is important to note that nearshoring in Mexico continues to increase, mainly driven by companies that have moved their operations from Asia to Mexico to enter the U.S. and Canadian markets. In addition, some companies have opted for “flight to quality” as a strategy to improve their conditions.

Close manufacturing

In the view of Barclay Pearce Capital (BPC), the global drive for supply chain resilience in the form of near-shore manufacturing has benefited Mexico due to its proximity to one of the world’s largest consumer markets.

While Mexico’s proximity, labor costs and growing infrastructure make it an attractive option, challenges such as crime cannot be ignored.

In particular, the city of Monterrey is in an expansion phase, with active construction of new industrial buildings. In addition, the market presents considerable demand and special interest from companies in real estate that aligns with nearshoring strategies.