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Finsa launches its third real estate industrial park in Querétaro

Querétaro, Mexico — Industrial real estate development company Finsa, has launched its third park in Mexico. Last week, Finsa inaugurated its third park in Querétaro with an extension of 73 hectares.

The recent extension of 73 hectares is in addition to the 12 million square meters that the company has developed over nearly five decades.

This new sustainable industrial complex will have the capacity to receive about 22 companies, generating 19,500 direct and indirect jobs.

The new park is located in the most important automotive and logistics corridor in Latin America, therefore, just over a year after its construction began, 38% of the development has already been committed, and by the end of June 2023, it is projected to reach 65% occupancy.

Three companies are currently operating within the new park, two of them from the logistics sector and one more from the metal-mechanical sector. Three buildings are in the process of being built for clients of German, American and Swiss origin, both from the automotive and electronic sectors.

The construction of these new plants is carried out with a sustainable design approach, and will have LEED certification.

Accompanied by the governor of Querétaro Mauricio Kuri Gonzalez and the Mayor, Luis Bernardo Nava Guerrero, Sergio Argüelles, President and General Director of Finsa said “We have always made an effort to offer the market comprehensive and world-class real estate developments designed to ensure the operational success of companies that invest in Mexico.

“Finsa Querétaro III belongs to a new generation of sustainable industrial parks, where the buildings are designed for optimal operation, as well as being friendly to the environment, like all the spaces that FINSA has developed in recent years.”

Nearly three decades ago, Finsa came to invest in the state of Querétaro for the first time by developing its first industrial park. Later in 2013, the company established a second development in the state, Finsa Querétaro II in the Airport submarket, thus betting by the dynamism of the Bajío.

The new Querétaro industrial park joins the 22 Finsa parks in Mexico, a company that to date has developed nearly 12 million square meters of industrial properties and currently manages one of the largest leasing portfolios in the Latin American region with 3.3 million square meters, which translates into the installation of around 400 companies and the generation of more than 320,000 direct jobs.

“We have made an excellent decision. The concurrence of the key factors to make new investments feasible occurs in this state, among them, the extraordinary quality of life, the implementation of security, the great category of tourist services, housing and, of course, an unbeatable business environment fostered for a magnificent performance of the public administration,” said Argüelles.