BTS Development will build an industrial park in Cuautitlán; they will invest 1,000 million pesos
By Drafting
June 7, 2021
BTS Development announced that it will develop the Campus Cuautitlán 1 Industrial Park , in the State of Mexico, which will have an investment of 1,000 million pesos.
This new park will have 91,000 square meters and the initial plans of the company contemplate two Class A warehouses with a profitable area of 49,000 square meters. The project was presented to authorities of the government of the State of Mexico.
Planning for this property began in 2019, when BTS Development announced the acquisition of the land through the venture capital fund Prumex IV.
"The purchase of this new property and the investment of 40 million dollars for the construction of two industrial warehouses will allow us to continue consolidating our presence in the center of the country and meet the demand for logistics spaces in the northern market of Mexico City" said Pablo Barcos, chief investment officer at BTS Development.
The construction is part of an investment plan of 200 million dollars in 10 industrial buildings in Mexico by 2024.
During construction, 500 jobs will be generated and 1,500 more in its operation.
This investment will strengthen the demand for logistics spaces in the northern market of Mexico City . Likewise, it will support the supply of products and services that would increase in the coming months, derived from the growth of electronic commerce and the economic reactivation due to the change in the traffic light.
The purpose of the industrial park is for the state to grow in the industry for the purchase of goods and services, a sector that has grown a lot during the Covid-19 pandemic thanks to the e-commerce boom and will continue to be in great demand with the economic recovery.
Alfredo del Mazo, governor of the State of Mexico, and Rodrigo Fernández Cedillo, director of the company, highlighted the job offer that this plan will generate in the region.
BTS Development is a Mexican company for the development of industrial real estate projects. He works for the public and private sectors, providing them with real estate purchase, development, leasing and administration services.
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BTS Development