Walton Street Capital acquires Advance Real Estate

An affiliate of Walton Street Capital has closed on the acquisition of Advance Real Estate, an industrial and logistics real estate development and operating company in México with a portfolio of 61 class A industrial buildings with more than 10.4 million square feet of gross leasable area (GLA) and more than 13.6 million square feet of land for industrial development, with capacity to develop approximately 6.5 million square feet of additional GLA.

“This transaction comes at a time when the industrial and logistics sector continues to show significant growth and positive dynamics thanks to recent nearshoring trends and the continuation of years of strength of the industrial real estate industry in México,” said Federico Martin del Campo, CEO of Walton Street México. “Walton Street believes that the manufacturing and logistics sector in México will continue to drive the country forward, and we look forward to continuing to play a part in the strengthening of the Mex