Overview of the Real Estate Investment Sector in Mexico
By the end of 2025, members of the Mexican Real Estate Trusts Association (Amefibra) are projected to invest around $4 billion in constructing 2.5 million square meters of industrial, hotel, commercial, and office spaces in Mexico.
Amefibra President’s Perspective
According to Salvador Daniel Kabbaz Zaga, president of Amefibra, the outlook for the sector remains positive amidst a moderated nearshoring phenomenon and the tariff war instigated by the United States.
Government and Private Sector Collaboration
During a press meeting following the Investment Week in Mexico held in New York, Kabbaz Zaga highlighted the participation of federal government representatives as a sign of unity between the public and private sectors.
“There is an evident interest in attracting investment. The conclusion reached is that Mexico is considered the best emerging market worldwide for long-term investment. We are ready to grow alongside the United States, being its primary trading partner,” he stated, also serving as the general director of Fibra Danhos.
Key Players from the Mexican Government
Accompanying the Mexican government delegation were Altagracia Gómez, coordinator of the Business Advisory Council; Roberto Lazzeri Montaño, general director of Nacional Financiera (Nafin); Farid Hannan representing the Secretariat of Foreign Relations (SRE); and Juan Pablo de Bottom, director of Finances for Mexico City.
Mexico’s Strategic Position
Pablo Coballasi, president of the Mexican Private Capital Association (AMEXCAP), emphasized Mexico’s strategic position in the international context.
“Mexico stands out compared to other emerging economies due to its integration with North America, the Mexico-United States-Canada Agreement (T-MEC), and the demographic bonus,” Coballasi affirmed.
Although he acknowledged challenges such as judicial reform, security concerns, and the need for increased transparency, Coballasi highlighted significant progress that builds confidence among foreign investors.
Afores: Growth Engine
One factor reinforcing the positive outlook is the potential of Administrators of Retirement Funds (Afores) as a source of capital, currently holding 40% of real estate trust shares.
“Afores currently have $35 billion to invest, and it is estimated that this will double in five years. With the accumulated investment capacity and federal government projects, the real estate trust sector could grow rapidly,” Kabbaz Zaga asserted.
Amefibra Leadership Change
During the Investment Week and Fibra Fay in New York, Amefibra also announced leadership changes.
Jorge Ávalos Carpinteyro was designated as the next Amefibra president starting in 2026.
Ávalos is the current general director of Fibra Mty and president of the Mexican Private Industrial Parks Association for 2024-2025.
Key Questions and Answers
- What is the projected investment in Mexico’s real estate sector by 2025? Around $4 billion.
- What types of spaces are being developed? Industrial, hotel, commercial, and office spaces.
- What is the total square meterage planned for development? 2.5 million square meters.
- Who are some key players involved in the real estate investment sector in Mexico? Amefibra members, federal government representatives, and AMEXCAP’s Pablo Coballasi.
- What factors contribute to the positive outlook for Mexico’s real estate investment sector? Afores’ investment potential, government projects, and Mexico’s strategic position in the international context.
- Who is the incoming president of Amefibra starting in 2026? Jorge Ávalos Carpinteyro.
