In a joint venture between US real estate investor Affinius Capital and Mexican counterpart Artha – obtain US$70 million in financing for the development of a warehouse facility in Mexico.
Banco Sabadell, the lender, relied on Creel, GarcÃa-Cuéllar, Aiza y EnrÃquez SC in the deal, which closed on 5 November.
AC2 will use the proceeds to develop its 97,200 square metre industrial warehouse in the Plataforma LogÃstica de Hidalgo (PLATAH) industrial park in Mexico’s Hidalgo state.
Founded in 1982 with offices in Texas and New York, Affinius Capital manages some US$35 billion in assets under management.
Headquartered in Mexico City, Artha manages a portfolio of assets in the real estate, infrastructure and energy sectors.
Latin American warehouse assets have attracted plenty of investment lately. Last month, Mexican logistics company – which owns some 835,000 square metres of warehouses – acquired local counterpart SolÃstica and its Brazilian and Colombian assets from FEMSA for US$200 million. This came two months after a BTG Pactual fund purchased a series of warehouses from global logistics operator GLP Partners Group for US$320 million.
Counsel to AC2
DLA Piper (Mexico)
Partner Roberto Rios Artigas and associates Javier Pichardini, Susana Guizar and Eduardo Gallástegui
Counsel to Banco SabadellÂ
Creel, GarcÃa-Cuéllar, Aiza y EnrÃquez SC
Partners Giovanni RamÃrez Garrido, Mercedes Haddad and Francisco Montalvo, and associates Adriana Colliers*, SofÃa Rivera RamÃrez and MarÃa Fernanda Valencia MorÃn
*No longer at Creel, GarcÃa-Cuéllar, Aiza y EnrÃquez SC
