EDGE Country Spotlight: REITs in Mexico
Mexico ranks as the third-largest country globally in terms of EDGE certified floor space with 7.5 million square meters. This figure represents a substantial 10% of the entire floor space certified by EDGE on a global scale.
As Mexico receives billions in foreign direct investment connected to nearshoring, its industrial floorspace is growing rapidly and many of these industrial properties are EDGE certified.
As of February 2023, EDGE had certified 184 industrial projects, including 86 projects in the Mexico City Metropolitan area and other key cities such as Monterrey.
Many of these properties are owned by market influencers such as Real Estate Investment Trusts (REITs). These companies are leveraging climate finance to materialize their portfolio decarbonization strategies adhering to their sustainability commitments and practices.
For example, EDGE Champion REITs in the industrial market segment including FIBRA Macquarie and Vesta continue to EDGE certify their existing industrial portfolio and have millions of square meters in their pipeline.