Mexican Real Estate CCD Raises Funds

Mexican Real Estate CCD Raises Funds

Mexico Funds

Artha Capital has raised MXP2.44bn from certificado de capital de desarrollo (CCD) investors, to support a private equity fund targeting urban infrastructure development in Mexico. The fund, which will reach MXP2.57bn once Artha’s own contribution is included, will develop basic infrastructure – roads, electricity and water – on 9 parcels of land in Mexico, before seeking to resell to commercial, residential or industrial real estate developers. “If you go to smaller cities and suburbs [of large

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