Advance acquires industrial real estate

Advance acquires industrial real estate

M&A Mexico Capital Markets Project & Infrastructure Finance

Mexican real estate investment trust (REIT) Advance Real Estate said it spent $105 million to buy three properties in Tijuana, Baja California, and expand its operations in the north of the country. The three stabilized Class A industrial properties cover 1.1 million square feet in the border city, the company said in a statement on Wednesday. "The decision to acquire these assets follows the company's growth strategy looking to increase its footprint in northern markets and further enhances Adv

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