Industrial Gate (IG), a leading industrial real estate development platform backed by TC Latin America Partners, has announced a significant joint venture with a major institutional investor. The partnership aims to strengthen IG’s expansion of Class A industrial properties in Mexico, driven by rising demand from global companies engaged in nearshoring. The new venture is set to tap into a capital base of US$450 million, supporting IG’s efforts to acquire, develop, and manage industrial properties across Mexico’s main markets, including Mexico City, Guadalajara, Monterrey, and Tijuana.
IG, which has already developed a portfolio of 3.8 million square feet of stabilised gross leasable area (GLA), plans to complete an additional one million square feet in the next year. Under the new partnership, IG will target long-term leases from multinational companies, focusing on USD-denominated contracts that cater to these tenants’ needs for quality industrial space in Mexico’s fast-evolving manufacturing and logistics landscape.
Gregorio Schneider, Chief Investment Officer at TC Latin America Partners and IG, highlighted the importance of the joint venture in supporting multinational firms in Mexico: “The industrial sector in Mexico is at an inflection point. This joint venture will allow us to lead the development of real estate solutions for multinational companies looking to strengthen their supply chains. Nearshoring is transforming global manufacturing and logistics, and we’re prepared to provide our clients with top-tier properties that meet their needs in this evolving landscape.”
Mexico’s geographical and economic positioning has made it increasingly attractive to global manufacturers seeking alternatives to other supply chain hubs. IG’s platform provides fully integrated services from land acquisition to asset management, ensuring a seamless process for clients. The firm aims to maximise value throughout its project lifecycle, positioning Mexico as a hub for industrial innovation and infrastructure.
The first project under the new joint venture is a custom-built industrial property in the State of Mexico. This initial development will span more than 360,000 square feet and is estimated at US$40 million. Antonio Báez, Managing Director of IG, revealed the scale of the firm’s ambition: “This marks the beginning of a plan to develop approximately 21 million square feet of Class A industrial assets over the next three to five years, with a total estimated investment of US$1.5 billion.”
A key focus for the partnership will be to incorporate sustainability into its developments, with all properties aiming to secure LEED or EDGE certifications. This move is in response to growing market demands for efficiency and eco-friendly practices within the industrial property sector.
Raúl Arroyo, also a Managing Director at IG, underscored the firm’s commitment to meeting the needs of multinational companies entering or expanding in Mexico: “Our goal is to meet the needs of multinational companies expanding or entering Mexico for the first time, with strategic, world-class projects that address current market demands and promote operational efficiency and long-term sustainability.”
With nearshoring and global supply chain restructuring driving demand for industrial facilities in Mexico, IG’s partnership signals a significant boost for the country’s industrial sector. The firm’s ambitious plans for expansion, coupled with a focus on sustainability, are likely to set a new standard for industrial development in the region.
