Mexico Industrial Trends 2012

10
Mexico - 2012 Industrial Real Estate Trends Real Estate Services in Mexico

description

Mexico industrial trends 2012 map by Citius Capital

Transcript of Mexico Industrial Trends 2012

Page 1: Mexico Industrial Trends 2012

Mexico - 2012 Industrial Real Estate Trends

Real Estate Services in Mexico

Page 2: Mexico Industrial Trends 2012

AUTOMOTIVE ASSEMBLY PLANTS IN MEXICO

FORDSONORACHIHUAHUASTATE OF MEXICO

HONDAGUANAJUATO*JALISCO

MAZDAGUANAJUATO*

GMGUANAJUATOSTATE OF MEXICOSAN LUIS POTOSICOAHUILA

TOYOTABAJA CALIFORNIA NORTE

FIATCOAHUILA*

CHRYSLERCOAHUILASTATE OF MEXICO

VOLKSWAGENPUEBLA

KENWORTHBAJA CALIFORNIA NORTE

MERCEDES BENZCOAHUILANUEVO LEONSTATE OF MEXICO

FREIGHTLINERCOAHUILANUEVO LEONSTATE OF MEXICO

HINOGUANAJUATO

ISUZU STATE OF MEXICO

NAVISTARNUEVO LEON

MANQUERETARO

VOLVOSTATE OF MEXICO

DINAHIDALGO

SCANIASTATE OF MEXICO

NISSANMORELOSAGUASCALIENTES

*TO BE BUILT

Page 3: Mexico Industrial Trends 2012

TABLE OF DISTANCES IN KILOMETERS

908

1513

2007

1193

2258

1117

687

306

1651

1703

117

1882

1310

3350

889

760

2348

4701

782

697

1370

1431

1690

3050

395

697

1328

2625

1552

828

490

1681

481

606

1397

659

1244

810

881

1109

1145

3237

513

461

1407

967

760

1126

684

1000

1668

2162

1782

1389

515

448

602

970

1858

791

1013

441

2709

246

181

1707

4060

127

546

928

750

1845

2409

513

316

600

1984

824

983

540

948

636

302

826

1254

511

171

572

1670

460

2556

631

497

538

1528

915

1281

835

131

494

721

3020

1578

1899

1207

2417

424

1396

2642

2070

4116

1697

1520

3114

5467

1542

1997

1842

2197

177

3816

1155

1457

1869

3391

2093

996

1219

2301

1032

1366

1858

862

1958

1570

1343

885

1911

4003

1065

1221

2167

652

879

387

981

1760

1215

3512

2072

2393

1701

2911

388

1890

3136

2564

4610

2191

2014

3608

5961

2036

2491

2336

2891

317

4310

1649

1951

2363

3885

2587

1490

1713

2795

1526

1860

2352

1356

2452

2064

1837

1376

2405

4497

1559

1715

2661

1146

1373

881

1475

2254

3132

1666

2013

1293

2531

839

1310

2756

2184

4230

1811

1634

3228

5581

1656

1890

1930

2311

898

3930

1269

1571

1957

3505

2181

771

1305

2389

1118

1480

1946

534

2046

1658

1431

164

2025

4117

1151

1307

2281

254

967

475

1069

1874

1493

1780

1952

1466

3208

2141

376

1038

1425

1578

1570

769

2776

1516

1878

1530

1347

3195

1125

1863

1705

1202

620

1426

2333

1894

1422

1986

1691

1428

2604

1113

1448

1728

3020

1633

1312

1981

1808

851

2878

2265

2631

2185

1258

886

810

1373

1768

999

1117

844

2813

684

559

1811

4164

541

984

317

1153

1755

2513

721

739

291

2088

515

1094

626

729

813

552

325

1178

380

344

235

1512

898

2700

780

704

642

1370

699

1191

651

534

833

922

2045

804

1404

832

2661

202

479

1619

3972

425

98

1319

702

2076

2321

744

504

991

1896

1215

1214

817

1339

867

579

1217

1346

902

542

943

1796

416

2508

862

678

429

1654

1123

1512

1066

522

1351

1397

189

1576

1004

3050

631

454

2048

4401

476

931

1064

1131

1384

2750

89

391

1022

2325

1246

522

184

1375

175

300

1091

793

938

504

575

1246

845

2937

208

155

1101

1067

454

820

378

694

2607

1540

1191

529

1699

720

997

697

3050

943

952

1463

220

2594

1399

1262

1022

1448

974

1372

1732

1335

1355

1385

1097

1361

2003

1046

1029

1430

2419

506

1586

1380

1196

784

2277

1664

2030

1584

839

1586

2832

2260

4306

1887

1710

3304

5657

1732

2187

2032

2387

388

4006

1345

1647

2059

3581

2283

1186

1440

2491

1222

1556

2048

1052

2148

1760

1533

1000

2101

4193

1255

1411

2357

770

1069

577

1171

1950

1765

1193

3239

820

643

2237

4590

665

814

1253

1320

1573

2939

278

580

1211

2514

1435

711

373

1564

364

489

1280

776

1127

693

764

1226

1034

3126

396

344

1290

1084

643

1009

567

883

662

1696

1202

1194

694

3047

1140

1502

1154

971

2819

1396

1487

1329

826

971

1050

1957

1553

1046

1610

1315

1052

2228

737

1072

1352

2644

1257

1583

1605

1432

475

2502

1889

2255

1809

882

2228

630

622

1226

3579

568

930

934

309

2247

1928

915

757

606

1503

830

1385

981

826

1038

743

832

1656

517

500

901

2072

595

2115

1033

938

255

1930

1317

1683

1237

310

2419

2696

1002

1351

2642

2651

2850

1919

4293

300

2691

2721

2522

933

2746

3431

3034

2745

3084

2796

2748

3702

2433

2768

3048

4118

2205

113

3079

2895

2171

3976

3363

3729

3283

2578

277

1417

3770

223

300

1117

500

1874

2119

542

302

789

1694

1013

1012

615

1137

665

377

1015

1283

700

340

741

1699

214

2306

660

476

727

1557

944

1310

864

320

1694

4047

54

577

774

777

1697

2396

365

180

729

1971

977

835

392

1101

488

154

884

1160

664

215

616

1522

491

2583

483

349

719

1380

767

1133

687

312

2353

1640

1649

1848

917

3291

702

1959

1719

1520

277

1744

2429

2032

1743

2082

1794

1746

2700

1431

1766

2046

3116

1203

889

2077

1893

1169

2974

2361

2727

2281

1576

3993

4002

4201

3270

5644

1651

4312

4072

3873

2284

4097

4282

4385

4096

4435

4147

4099

5053

3784

4119

4399

5469

3556

1664

4430

4246

3522

5327

4714

5080

4634

3929

523

756

723

1719

2342

387

202

711

1917

935

857

414

1083

510

176

712

1128

646

197

598

1544

437

2529

505

371

665

1402

789

1155

709

258

1417

732

2174

2351

842

602

1089

1926

1313

1312

915

1437

965

677

1309

1356

1000

640

1041

1806

446

2538

960

776

1027

1664

1244

1610

1164

620

1250

2019

2550

975

954

328

2125

358

1358

890

545

1077

767

102

1442

417

559

499

1776

1331

2737

1044

1041

679

1634

963

1455

915

797

2374

1619

1042

802

928

1194

1152

1512

1115

1135

1165

877

1141

1783

826

809

1210

2199

286

1806

1160

976

564

2054

1444

1810

1364

619

3993

1332

1634

2046

3568

2270

1173

1396

2478

1209

1543

2035

1039

2181

1747

1520

1062

2088

4180

1242

1398

2344

829

1056

564

1158

1937

2661

2421

2222

633

2446

2731

2734

2442

2784

2496

2448

3402

2133

2468

2748

3818

1905

187

2779

2595

1871

3676

3063

3429

2983

2278

302

933

2236

1157

470

95

1286

123

211

1002

741

849

415

486

1157

756

2848

118

66

1012

1015

402

768

322

605

913

1996

1137

772

397

1283

425

192

1064

1043

844

395

796

1459

516

2608

420

236

854

1317

704

1070

624

447

1797

224

1403

960

438

1056

722

226

1469

89

514

526

1803

1003

2409

1051

898

351

1661

990

1482

942

469

2021

2706

2309

2017

2359

2071

2023

2977

1708

2043

2323

3393

1480

820

2354

2170

1446

3251

2638

3004

2558

1853

1627

1184

187

1280

946

256

1693

313

738

750

2027

1227

2633

1275

1122

575

1885

1214

1706

1166

693

534

1756

347

681

1440

271

1314

885

859

687

1226

3318

380

536

1482

545

395

609

380

1075

1313

187

238

907

805

895

446

391

1221

829

2875

154

161

1043

1079

466

832

358

636

1409

1094

443

2027

437

886

958

2235

1351

2629

1376

1289

571

2187

1422

1914

1374

817

334

1093

618

972

538

578

1034

879

2971

33

189

1135

892

279

645

203

728

877

952

657

208

609

1368

591

2637

329

195

805

1226

613

979

533

433

1458

315

669

515

1792

1229

2635

1060

1029

577

1650

979

1471

931

695

1590

1156

943

450

1497

3589

651

809

1753

308

479

475

581

1346

449

615

1892

914

2320

967

852

262

1750

1079

1571

1031

380

401

1572

554

2615

533

360

597

1430

817

1183

737

190

1277

955

2935

545

552

877

1135

464

956

416

591

1913

4005

1067

1223

2169

412

813

636

915

1762

2092

874

690

850

1771

1158

1524

1078

534

2966

2782

2058

3863

3250

3616

3170

2425

184

1130

925

306

678

204

723

957

1081

468

834

388

550

2027

1414

1780

1334

407

671

284

773

1620

492

102

1007

594

1373 927

Acapulc

oGue

rrero

Aguas

calie

ntes

Aguas

calie

ntes

Campec

he

Campec

heCan

cun

Quintan

a Roo

Ciudad

Cuauh

temoc

Chiapa

sCiud

ad Ju

arez

Chihua

hua

Ciudad

Victor

ia

Tamau

lipas

Colima

Colima

Cuern

avac

a

Morelos

Culiac

anSina

loaChe

tumal

Quintan

a roo

Chilpa

ncing

o

Guerre

roChih

uahu

a

Chihua

hua

Durang

oDura

ngo

Ensen

ada

Baja Cali

fornia

Guadala

jara

Jalis

coGua

najua

to

Guana

juato

Hermos

illo

Sonora

La Paz

Baja Cali

fornia

SurMan

zanil

lo

ColimaLe

on

Guana

juato

Matamoro

s

Tamau

lipas

Mazatl

anSina

loaMeri

daYu

catan

Mexica

liBaja

Califor

nia

Morelia

Michoa

can

Monter

rey

Nuevo

Leon

Mexico

Distrit

o Fed

eral

Nogale

sSon

oraNue

vo La

redo

Tamau

lipas

Oaxac

aOax

aca

Pachu

caHidalg

oPied

ras N

egras

Coahu

ila

Puebla

Puebla

Queret

aro

Queret

aroRey

nosa

Tamau

lipas

Salina

Cruz

Oaxac

aSalt

illoCoa

huila

San Lu

is Poto

si

San Lu

is Poto

si

Tampico

Tamau

lipas

Tapa

chula

Chiapa

sTe

picNay

arit

Tijuan

aBaja

Califor

nia

Tlaxca

laTla

xcala

Toluc

aEsta

do de M

exico

Torre

onCoa

huila

Tuxtl

a Guti

errez

Chiapa

sVera

cruz

Verac

ruzVilla

herm

osa

Taba

sco

Xalapa

Verac

ruzZac

ateca

s

Zacate

cas

Page 4: Mexico Industrial Trends 2012

JAPANESE COMPANIES IN MEXICO

SONORATAKATA22

123456789101112131415161718192021

BAJA CALIFORNIAFURUKAWA ELECTRICHIKAM ELECTRONICAHITACHI LTD.IKEGAMIKAMITA INTERNATIONALKYOCERAMATSUSHITA - AROMATMUNEKATANISSANNKS SAFETY TECHNOLOGYNSG GROUPOKAYA & CO.,LTD.PENTELPIONEERSANYO ELECTRICSEKISUI CH. CO., LTD.SHARPSMKSONYTOYOTA

SINALOASUMITOMO23

DURANGOSUMITOMOTAKATAYAZAKIYAZAKI NORTH AMERICA

30313233

CHIHUAHUAALCOA FUJIKURAFUJIKURATAKATAMITSUBISHISUMITOMO CORP.YAZAKI NORTH AMERICA

242526272829

COAHUILAALCOA FUJIKURADENSOMETALDYNESUMITOMO CORP.TAKATATOYOTA BOSHOKU

606162636465

90919293949596

ZACATECASAHRESTY MEXICANAAXA YAZAKISUMITOMO CORP.TACHI-SYAMASHITA RUBBERKOIDE KOKAN CO., LTD.YUSA AUTOPARTS

132133134135136137138139140141142143144145146

AGUASCALIENTESAISIN MFG.CALSONIC - KANSEIEXEDY DYNAXJATCO NISSANSUMITOMO ELECTRICYOROZUNICO METALKITAGAWA IRON WORKSINDUSTRIAS DE ASIENTO SUP.K&S MEXICANANIFASTSAN-S MEXICANASANOH INDUSTRIALUNIPRES MEXICANA

157YUCATANAXA YAZAKI

156CHIAPASAXA YAZAKI

155GUERREROMITSUBISHI

115HONDA116

117118119120121122123124125126127128129130131

HINO GLOBALGUANAJUATO

HIROTECMAZDADENSOAKEBONO BRAKEYOROZUYACHIY0TIGER POLYOMRONNISHIKAWA COOPER LLCMATSUMOTO HEAVY INDUSTRYMITSUBATHK RHYTHMASHIMORIU-SHIN LTD.Y-TEC CO., LTD.

35363738394041424344454647484950515253

ADVANCED STEEL T.AISIN SEIKIALCOA FUJIKURABRIDGESTONEDENSOMITSUBA CO.MITSUI & CO,LTD.NGK SPARK PLUG CO., LTD.NIFCO INC.NIPPON KAYAKU CO.NIPPON SEIKINIPPON STEELPIOLAX INC.PIONEERSANYO ELECTRICSUMITOMOTAKANISHITAKATATOKIO ELECTRICATOTO CO.TOYOTA TSUSHO CO.

NUEVO LEON34 73

74

MORELOSNISSANBRIDGESTONE

150151152153154

147148149

SAN LUIS POTOSITOYODA GOSEIMCQUAYMACNPNITTA MOOREOTSCONKEIHINMACNP MEXICANAMUSASHI

666768

JALISCOYAKULTTAKATAHONDADAIDO METALINDUSTRIAS DE ASIENTO SUP.SUMIDAYAMAVER

69707172

105106107108109110111112113114

MIURAMUFGNAGASE & CO., LTD.NIKONSHARPSMBCSUMITOMO CORP.TOSHIBAKIRIU MEXICANAUNISIA MEXICANA

757677787980818283848586878889

QUERETAROALPHACLARIONFEGHARADA INDUSTRIESHI-LEXHIROSHIMA ALUMINIUMHITACHI CABLEJOHNANKASAIKINUGAWA MEXICONEATON AUTO TECHNICALNIHON PLAST CO., LTD.NISHIKAWA COOPERRDCM (RYOBI)TOPRE

TAKATAFUJITSU TENALPINEMATSUSHITA ELECTRONICMIKUNI TEXAS

5556575859

TAMAULIPASBRIDGESTONE54

979899100

STATE OF MEXICO BRIDGESTONECALSONIC - KANSEIHITACHI KOKIMITSUBISHI

101102103104

DOWA HOLDINGS CO., LTD.ISUZUKIRIUYAMAHA

SOME OF THE MOST REPRESENTATIVE AND RECENTLY ESTABLISHED JAPANESE COMPANIES IN MEXICO

Page 5: Mexico Industrial Trends 2012

Tapachula

San Diego

Ensenada

La Paz

Los Cabos

Baja California Norte

Sonora

Baja California Sur

CalexicoMexicaliTijuana

Nogales

Hermosillo

Guaymas

Empalme

Los Mochis

Culiacan

Mazatlan

Tepic

Manzanillo

Guadalajara LeonSilao

Irapuato

ColimaMorelia

Cuernavaca

Acapulco

Oaxaca

Salina Cruz

Tuxtla Gutierrez

VillahermosaCoatzacoalcos

Cordoba

Xalapa

Pachuca

Tlaxcala

Puebla

Campeche

Chetumal

MeridaProgreso

Cancun

Chilpancingo

Toluca

LazaroCardenas

CiudadObregon

Sinaloa

Nayarit

Jalisco

MichoacanD.F.

Morelos

Oaxaca

Chiapas

Tabasco

Veracruz

HidalgoQueretaroQueretaro

GuanajuatoGuanajuato

San Luis Potosi

Tampico

Altamira

Ciudad Victoria

Linares

Saltillo

Torreon

Gomez Palacio

Zacatecas

Durango

Monclova

Monterrey

Allende

Ciudad Acuña

Del Rio

Eagle Pass

Colombia

LaredoNuevo Laredo

Mc. AllenReynosa Brownsville

Matamoros

Piedras Negras

San Luis Potosi

Tamaulipas

Zacatecas

Durango

Coahuila

Chihuahua

Presidio

Cd. Juarez

El Paso

OjinabaChihuahua

Nuevo Leon

AguascalientesAguascalientes

Puebla

Tlaxcala

Campeche

Quintana Roo

Yucatan

Guerrero

Colima

CelayaPuerto Vallarta

Mexico

Citius Capital offices

Citius Capital representation

Main cargo airports

Main container ports

Ferromex intermodal highways

Ferrosur intermodal highways

KCSM intermodal highways

Main Highways

N

www.loadstone.mx

www.economia.gob.mx

MEXICO´S LOGISTICS MAP 2012

SYMBOLOGY

www.promexico.gob.mx

Page 6: Mexico Industrial Trends 2012

MEXICO´S INDUSTRIAL REAL ESTATE MAP 2012

AVERAGE INDUSTRIAL LAND PRICE, BUILDING LEASE AND

CONSTRUCTION COSTS (USD / m2)

N

Tijuana Tecate

Baja California Norte

Baja California Sur

La Paz

Mexicali

Nogales

Cd. Juarez

Ciudad Acuña

Ramos Arizpe

Chihuahua

Coahuila

Nuevo Leon

Tamaulipas

Chihuahua

Monclova

MonterreySaltillo

Matamoros

Tampico

Reynosa

NuevoLaredo

TorreonGomezPalacio

Ciudad Victoria

San Luis Potosi

Zacatecas

DurangoSinaloa

Culiacan

Puerto Vallarta

Durango

Zacatecas

NayaritTepic

San Luis PotosiAguascalientesAguascalientes

Guadalajara

Colima

Jalisco

Colima

Morelia

Michoacan

Acapulco

Lazaro Cardenas

Guerrero OaxacaOaxaca

Xalapa

ChiapasTuxtla Gutierrez

Campeche

Yucatan

Quintana RooCampeche

Merida

Chetumal

TabascoVillahermosa

Guanajuato

LeonSilao

Irapuato

Guanajuato

QueretaroQueretaro

PachucaHidalgo

TlaxcalaTlaxcala

TolucaMexico

CuernavacaMorelos

D.F.

PueblaVeracruz

Hermosillo

Sonora

GuaymasEmpalme

CiudadObregon

Celaya

32.30 - 81.00

4.00 - 4.60

Yucatan

35.60 - 48.50

3.90 - 4.70

Campeche

36.50 - 48.50

3.90 - 4.70

Villahermosa

34.30 - 49.50

3.90 - 4.50

Veracruz

45.00 - 80.00

4.00 - 5.50

Queretaro

41.00 - 60.50

3.60 - 4.50

Tula - Atitalaquia

35.00 - 60.00

3.00 - 4.00

Tlaxcala

54.00 - 97.50

3.90 - 4.50

Puebla

24.50 - 43.50

3.40 - 4.30

Oaxaca

37.50 - 53.00

4.60 - 4.80

Cuernavaca Mexico City

130.00 - 150.00

5.00 - 10.00

130.00 - 150.00

5.00 - 6.00

Cuautitlan / Tulititlan / Tepozotlan

N/A

6.00 - 7.00

Naucalpan

100.00 - 200.00

4.50 - 5.50

Tlalnepantla

70.00 - 90.00

3.50 - 4.00

Huehuetoca

70.00 - 100.00

4.00 - 5.00

Toluca - Lerma

10.00 - 12.00

3.20 - 4.10

Zacatecas

29.05 - 43.10

2.70 - 3.60

Morelia

25.80 - 38.80

N/A

Lazaro Cardenas

25.00 - 60.00

2.50 - 3.50

Aguascalientes

25.00 - 150.00

3.25 - 5.70

Guadalajara

30.50 - 42.00

3.10 - 3.90

Culiacan

64.60 - 113.00

3.40 - 4.30

Tijuana

29.10 - 39.80

3.10 - 3.90

Ciudad ObregonHermosillo

34.40 - 48.40

3.20 - 4.10

Nogales

33.40 - 46.30

3.00 - 3.90

31.20 - 42.00

3.40 - 4.30

Empalme - Guaymas Ciudad Juarez

35.50 - 48.40

3.40 - 4.20

35.40 - 46.30

3.50 - 4.70

Chihuahua

27.00 - 42.00

2.90 - 3.60

Gomez Palacio

18.50 - 37.70

2.50 - 3.30

Durango

36.50 - 43.00

3.90 - 4.40

Acuña

32.50 - 45.00

3.90 - 4.50

Saltillo / Ramos Arizpe

30.10 - 30.70

4.40 - 5.00

Monclova

32.50 - 50.00

3.70 - 4.10

Torreon

28.00 - 41.00

3.70 - 4.00

Matamoros

24.00 - 44.50

3.60 - 4.30

Tampico / Altamira

22.00 - 45.00

3.50 - 4.50

San Luis Potosi

35.00 - 60.00

2.80 - 4.50

Leon / Silao

32.00 - 40.00

3.50 - 4.50

Irapuato / Salamanca

30.00 - 70.00

2.80 - 4.50

Celaya

35.00 - 45.00

2.50 - 4.00

San Jose Iturbide

33.50 - 55.00

3.80 - 4.30

Reynosa

28.00 - 45.00

3.70 - 4.20

Nuevo Laredo

38.00 - 100.0

3.70 - 4.70

Monterrey

30.10 - 48.40

3.00 - 3.70

Tecate

30.10 - 49.50

3.20 - 4.40

Mexicali

Southeast Region

Northwest Region

Northeast Region

PiedrasNegras

West Region

Central Region

Puebla

Description

Land price USD / m2 (Min. - Max.)

Lease rate USD / m2 (Min. - Max.)

Land: Price per square meter inside an industrial park that includesmain services, over 2 hectares.Lease: Cost per square meter per month, based on a 5 year leasecontract. Plus property tax, insurance and CAM.Construction: $ 300 - 350 USD / m2 costs range considering a shell building (6” Precast wall, 6” Floor, 27” - 30” Feet clear height, KR - 18 Metal sheet cover, docks, ramp, dock height, rigid frame struture).

Page 7: Mexico Industrial Trends 2012

INDUSTRIAL REAL ESTATE TRENDS 2012

Northwest Region

State

Baja California

Mexicali

Tijuana

City

Chihuahua

Ciudad JuarezChihuahua

HermosilloSonora

Durango Gomez Palacio

Lease Rates

New Costn.

Vacancy Rate

Net Absorption

LandPrice

Central Region

State

ZacatecasZacatecas

San Luis PotosiSan Luis P.

City

Celaya / SalamancaGuanajuato

Irapuato / Silao

Queretaro Queretaro

AguascalientesAguascalientes

Edo. Mexico

Puebla

Mexico city

Cuautitlan /Tulititlan

Puebla

Mexico city

Lease Rates

New Costn.

Vacancy Rate

Net Absorption

LandPrice

Northeast Region

State

Coahuila Saltillo / RamosArizpe

City

Matamoros

Tamaulipas

MonterreyNuevo Leon

Reynosa

Lease Rates

New Costn.

Vacancy Rate

Net Absorption

LandPrice

Nuevo Laredo

West Region

State

Jalisco Guadalajara

City Lease Rates

New Costn.

Vacancy Rate

Net Absorption

LandPrice

Page 8: Mexico Industrial Trends 2012

SUCCES STORIES

Page 9: Mexico Industrial Trends 2012

OUR COMPANY & SERVICES

Citius Capital provides professional real estate consulting services for national and multinational corporations.

Our associates have more than 15 years of experience managing real estate transactions for national and multinational corporations in Mexico.

We have developed a group of highly - trained professionals oriented to provide top-notch services operating in different scenarios such as: commercial & industrial projects for end users, developers or investors.

For end users: Site selection

Tenant / buyer representation

Market information

Property disposition

Construction management

Our services:

For developers and investors: Land acquisition

Property listings

Building and portfolio acquisition

Page 10: Mexico Industrial Trends 2012

Monterrey / Corporate office+52 (81) 8115.3275

San Luis Potosi +52 (444) 200.8849

Queretaro+52 (442) 388.0886

Guanajuato+52 (462) 145.2479

[email protected]

www.citiuscapital.com