Monday, April 24, 2023

TC Latin America Partners integrates an industrial investment and development platform in Mexico to strengthen its local presence

 

 

The investment firm, with presence in Mexico since 2013, is integrating a development team with extensive experience in the local market into its operation.

NEW YORK--(BUSINESS WIRE

)-- International companies are relocating their production and logistics centers to Mexico to strengthen their supply chains in North America and take advantage of geographic benefits and labor costs. According to a survey conducted by Capterra, a subsidiary of consulting firm Gartner, about 88% of small and medium-sized companies in the United States plan to reorganize their supply chains in 2023 to use local or Mexican suppliers.

In response to the increasing demand for industrial real estate space in Mexico, TC has integrated a development team with extensive experience in the Mexican market into its local operation, to create a comprehensive industrial investment and development platform.

The investment strategy is oriented towards the acquisition and development of Class A industrial properties, with a focus on the development of built-to-suit assets. Gregorio Schneider, founding partner of TC, who has more than 25 years of experience in the sector, will lead the platform together with a team with extensive experience developing and operating industrial assets.

"We are very excited about this platform, which was created to give continuity to the industrial strategy we have been executing in Mexico and the US since 2016. The platform will be led by a team with extensive experience in the local industrial sector, which will become the strategic ally of companies looking for nearshoring solutions in Mexico," said Gregorio Schneider.

Antonio Báez and Raúl Arroyo will lead the areas of investment, acquisition, and project development. Raúl has more than 16 years of experience in the Mexican industrial real estate sector, where he has developed more than 645,000 square meters, and managed approximately 4 million square meters of industrial space. Antonio has more than 15 years of experience in the real estate sector, participating in the development of more than 1.2 million square meters.

"We believe that one of the competitive advantages of this new platform is having an experienced local investment and development team with deep knowledge of the market and long-standing relationships. The participation of Raúl and Antonio in this initiative will be decisive to meet the growth objectives we have set," said Gregorio Schneider.

To date, TC has invested in nine industrial buildings in Mexico, including manufacturing and distribution centers for tenants such as Foxconn, Forvia, and Auto Plastek. The firm plans to continue to expand its industrial strategy thanks to the integration of the platform’s investment and development operations.

This new platform is prepared to lead the market and offer comprehensive solutions for companies looking to expand or relocate their operations in Mexico.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230419005741/en/

*Source: AETOSWire

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