Manova Partners, an international independent real estate investment firm based in Munich, has launched a new joint venture, giving institutional investors access to the Mexican industrial and logistics real estate market. The U.S.-domiciled investment vehicle targets properties that are benefiting from the structural shift in global supply chains while providing attractive, risk-adjusted returns. Target capital has been set at between $300 million and $400 million.
The joint venture targeting industrial logistics and manufacturing properties in Mexico is founded on an initial portfolio that has already been identified, combined with an extensive forward-purchase pipeline. The current portfolio comprises 10 assets, eight of which are located in Mexico City and two in Tijuana, encompassing a total of 279,000 square meters (3.0 million square feet). The forward pipeline consists of 12 potential assets encompassing roughly 762,000 square meters (8.2 million square feet) in total
