Hines has launched a new investment program with a major global institutional investor that will develop best-in-class logistics buildings and industrial parks in the major population centers across Mexico.
The venture has already secured an initial capitalization of $300 million with capacity to invest up to $900 million for the acquisition of greenfield sites across Mexico and the development of next generation industrial and logistics assets.
“With the launch of HGM, Hines can build on the international Class A standards of our industrial and logistics projects across Mexico and attract some of the most prominent and respected international tenants, who prioritize the access, functionality and productivity associated with operating at a Hines business park,” stated Palmer Letzerich, senior managing director and head of logistics at Hines. “Whether our tenants are in a Hines park in Dallas, Denver, Tijuana or Mexico City, we strive to deliver the same produ