New industrial park featuring shovel-ready land and a secured energy strategy, with capacity for up to four Class A buildings totaling approximately 750,000 square feet of GLA.
FIBRA Macquarie México (BMV: FIBRAMQ) has announced plans to develop up to four Class A industrial buildings totaling approximately 750,000 square feet of gross leasable area (GLA) on a 16-hectare parcel in the Pacifico/Libramiento submarket of Tijuana.
Strategically located within a prime industrial corridor, the development offers direct connectivity to two major U.S. border crossings and convenient access to a robust pool of skilled labor, making it ideal for manufacturing and logistics operations.
“This investment reflects our ongoing commitment to growing our development pipeline while adhering to our disciplined capital deployment strategy,” said Simon Hanna, CEO of FIBRA Macquarie. “The project further expands our presence in one of Tijuana’s most strategic submarkets, with best-in-class design, sustainable construction, and secured energy rights at its core. We are also proud to be deepening our long-standing partnership with Grupo FRISA.”
The development is a 50-50 joint venture with Grupo FRISA, FIBRA Macquarie’s current partner in nine retail properties. Grupo FRISA is contributing the land parcel, reducing the need for upfront capital from FIBRA Macquarie. The total project investment is projected at approximately US$88 million, with FIBRA Macquarie contributing its share progressively. The venture is expected to generate a net operating income (NOI) yield on cost between 9% and 11%, aligning with the company’s return targets.
FIBRA Macquarie’s internal management platform, MPA, will oversee the project through its established Tijuana-based team specializing in property management, leasing, and engineering. This structure is expected to support strong operational performance and NOI margin efficiency.
The site is shovel-ready, with initial earthworks already underway. The first building will span approximately 200,000 square feet and aims to achieve at least LEED® Gold certification, reinforcing FIBRA Macquarie’s commitment to sustainable development.
About FIBRA Macquarie
FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie’s portfolio consists of 243 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of March 31, 2025. Nine of the retail properties are held through a 50/50 joint venture.
