- A 124-hectare land parcel along Tijuana’s Boulevard 2000 submarket for a total consideration of US$113.8 million (excluding transaction costs and taxes), to be paid in instalments
- Estimated potential GLA of 3.4 million square feet
- Acquisition includes permit rights for a 90 MW dedicated substation, establishing the foundation for a multi‑year, market leading industrial project in Mexico
- Represents FIBRA Macquarie’s largest development project to date, significantly expanding the land bank and strengthening the platform for long-term growth
FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announces the acquisition of a 124-hectare land parcel along Tijuana’s Boulevard 2000 submarket, for US$113.8 million, excluding transaction costs and taxes.
With prominent frontage, the project anticipates a phased, multi‑year development of a Class A industrial park built to a minimum LEED® Gold standard. FIBRAMQ expects the project to achieve a stabilized yield on cost within a target 9%-11% range.
The acquisition agreements incorporate a structured payment plan over three years from the transaction’s closing, with an initial cash payment of US$19.9 million on 19 February 2026, with subsequent cash payments of US$19.9 million in the following months, US$39.8 million in February 2027 and US$34.1 million in February 2028 (all payments exclude transaction costs and taxes).
“We are very excited to add this strategic land parcel in Tijuana to our diversified land bank, supporting our accretive growth objectives in the coming years,” said Simon Hanna, FIBRA Macquarie’s Chief Executive Officer. “This acquisition represents our largest development project to date, adding significant momentum to our industrial growth capex program. With 90 MW of dedicated energy capacity and complementary infrastructure, the project is positioned to attract and retain a high-quality, long-term customer base.”
Maite Burbano, FIBRA Macquarie’s Head of M&A, stated, “The Boulevard 2000 submarket represents one of the most compelling long term investment opportunities in Mexico’s industrial landscape. We expect Tijuana to experience strong demand and supply fundamentals driven by long term nearshoring trends. The park will deliver significant social and economic benefits to the area, including employment opportunities for residents in nearby communities.”
With this land acquisition, FIBRA Macquarie’s total land bank for the development of industrial projects now stands at approximately 8.5 million square feet of buildable GLA.
