FIBRA Macquarie Mxico (FIBRAMM) (BMV:FIBRAMQ) announced today that it recently closed an expansion and lease extension for an industrial building in Nogales, Sonora, occupied by Belden, a manufacturer of signal transmission solutions in communication technology.
The lease will enable Belden to expand its operations and increase its footprint in Nogales by more than 50 percent, from a 36,438 square meters (392,216 square feet) building to 56,402 square meters (607,106 square feet).
FIBRA Macquarie’s internal administration platform team sourced the expansion and will supervise the project. The construction of the building expansion is expected to be completed by the fourth quarter of 2016.
“We are pleased to provide Belden a high-quality space that meets its needs and supports the growth of its global operations,” said Juan Monroy, CEO of FIBRA Macquarie. “Serving our customers’ needs is our top priority and we look forward to working with Belden for the term of this lease and beyond.”
FIBRA Macquarie’s industrial portfolio occupancy rate in Nogales is 100 percent.
Macquarie Infrastructure and Real Assets is a business within the Macquarie Asset Management division of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. Macquarie Infrastructure and Real Assets has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$104.56 billion of total assets under management as of March 31, 2016.
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All figures in this release are subject to rounding. Any arithmetic inconsistencies are due to rounding.