Mexico City, June 25, 2024 – ProximityParks, the pioneer and leading owner-operator of last mile logistics industrial parks in Mexico, announces the USD ~$40 million acquisition of a 4.9-hectare (~12 acres) multi-tenant industrial property in Mexico City. The new ProximityParks Vallejo I, formerly known as Parque Industrial Ceylan, is the largest Class A industrial warehouse in Vallejo. This development reinforces the company’s leadership position in the industry, boasting the largest portfolio of last-mile logistics properties in the country.
Strategically located on Ceylan, one of Vallejo’s main avenues, this property offers excellent connectivity to high-consumption areas of Mexico City’s metro area, such as Polanco, Naucalpan, Centro, Condesa, Satélite, Lindavista, and many more. ProximityParks Vallejo I, with a warehouse area of over 28,000 sqm / 300,000 sqf, is fully-occupied by five high caliber companies: Unilever, Steren, Truper, Etiflex (ProMach), and Sanchez y Martin.
Investing in this new property responds to the growing demand for efficient and sustainable urban logistics in Mexico’s main metropolitan areas. Latest consumer trends and the rapid growth of e-commerce have driven the need for strategic locations that facilitate product distribution with lower environmental impact, lower cost, and faster delivery to the end consumer.
"This acquisition represents a significant step for our portfolio, as we continue to strengthen our position as the leading provider of last mile logistics industrial space in Mexico’s main cities" commented Mario Berlanga, CEO and Co-founder of ProximityParks.
With an upgraded look & feel and more sustainable infrastructure, ProximityParks will soon enhance tenant experience in the property. This investment reinforces ProximityParks' commitment to being the best landlords and long-term partners of our tenants, providing them with spaces that subscribe to the highest standards and contribute to their growth and success.
ProximityParks Vallejo I will be one of the company's flagship properties and is part of the ProximityParks Fund II investment program, backed by leading private and institutional investors from Mexico, USA, Europe and Asia.
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ProximityParks is a vertically integrated real estate company, pioneering the introduction of last mile logistics industrial parks in the heart of densely populated cities to enable urban logistics and e-commerce. The company has redefined last mile logistics real estate through its data-driven approach, leveraging actionable logistics intelligence in investment and property design decisions to facilitate more efficient operations for its clients.
ProximityParks
Alejandra Arroyave
LLYC
Paula Contreras
pcontreras@llyc.global
Arturo Aguilar
