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FIBRA Macquarie México Acquires Industrial Land Parcel With Access to 90-Megawatt Dedicated Substation, in Strategic Tijuana Submarket
Businesswire· 2026-02-19 21:34
Core Viewpoint - FIBRA Macquarie México has announced the acquisition of a significant land parcel in Tijuana for US$113.8 million, aiming to develop a Class A industrial park with a target yield of 9%-11% [1] Company Summary - FIBRA Macquarie México (FIBRA Macquarie) is expanding its portfolio through the acquisition of a 124-hectare land parcel along Tijuana's Boulevard 2000 submarket [1] - The project is expected to be developed in phases over multiple years, adhering to a minimum LEED® Gold standard [1] Financial Summary - The acquisition cost is reported at US$113.8 million, excluding transaction costs and taxes [1] - The anticipated stabilized yield on cost for the project is targeted within the range of 9%-11% [1]