Industrial Gate, TC Latin America Partners’ industrial platform, forms US$450 million joint venture with global institutional investor to capitalize on Mexico’s nearshoring boom

Industrial Gate (“IG”), the vertically integrated industrial investment and development platform formed by TC Latin America Partners (“TC”), has closed on a joint venture agreement with a global institutional investor to expand the development of Class A industrial properties in Mexico. This partnership aims to capitalize on heightened demand stemming from nearshoring activity in the country.

Over the past three years, IG has built a portfolio of 3.8 million square feet of stabilized gross leasable area (GLA) and is developing over one million square feet, projected to be finalized over the next 12 months.

With a target of US$450 million in capital, the new venture will focus on acquiring, developing, and managing industrial assets in key markets, including Mexico City, Guadalajara, Monterrey, and Tijuana. The projects are expected to cater to multinational tenants with long-term, USD-denominated leases, addressing the specific demands of these clients.

“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,” said Gregorio Schneider, Chief Investment Officer of TC Latin America Partners and Industrial Gate. “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. Our skilled team has extensive experience in Mexico’s industrial real estate and is prepared to take on the challenges of this joint venture.”

With Mexico emerging as a strategic hub for global manufacturing and logistics, IG is focused on leading the development of industrial properties in Mexico through a fully integrated platform, from land acquisition to asset management. The goal is to deliver strong results and maximize value throughout the project lifecycle.

Antonio Báez, Managing Director of Industrial Gate, said, “Our first project under this joint venture will be a built-to-suit property in the State of Mexico, spanning more than 360,000 square feet, with an investment of approximately US$40 million. 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.”

The joint venture will aim to develop sustainable properties with LEED or EDGE certifications, meeting the growing global demand for efficiency and sustainability.