Trujillo Abogados, DMTax and RSL Real Estate Legal Consulting advised TC Latam Partners on the deal.
DLA Piper Gallástegui y Lozano advised Puerta del Norte
TC Latin America Partners executed the acquisition of an industrial park in Monterrey, Nuevo León, marking its entry into the Mexican industrial real estate market.
The purchase of this unique, partially stabilized industrial asset, highlights TC Latam’s competitive advantages as an institutional real estate fund manager: its ability to originate scalable investment opportunities and to create value through ground-up development.
The Puerta del Norte Industrial Park is located in one of the most resilient markets of the global real estate sector. The property has an existing leasable area of 686,000 square feet and an additional development potential of 888,000 square feet, which will be carried out by REI Real Estate. Existing and future tenants will benefit from the US, Mexico, and Canada Free Trade Agreement (USMCA), as well as by the highly competitive Mexican workforce.
Puerta del Norte is located in a privileged location between the US and Central Mexico, and has access to two of the main railway lines that connect the two countries (Kansas City Southern and Ferromex); only five other industrial parks in the country offer similar characteristics.
Trujillo Abogados advised TC Latam Patners with Alejandro Trujillo (Picture), Guillermo Christy and Alexandra Gallegos.
DMTax advised TC Latam Patners with Raymundo Domínguez.
RSL Real Estate Legal Consulting advised TC Latam Patners with Roberto Sánchez Lara Murguía.
DLA Piper Gallástegui y Lozano advised Puerta del Norte with Gabriela Alana and Jaime Ancer.
Involved fees earner: Gabriela Alana – DLA Piper; Jaime Ancer Fortea – DLA Piper; Raymundo Domínguez – DMTax; Roberto Sánchez -Lara Murguía – RSL Real Estate Legal Consulting; Guillermo Christy – Trujillo Abogados; Alejandro Trujillo – Trujillo Abogados;