Mexican business Fibra Next launches on the Mexican Stock Exchange, initiating operations following a successful initial public offering
Mexico's economy is experiencing a shift in two significant areas: the industrial sector and remittances.
Fibra Next, a new trust focused on the industrial and logistics sector, recently made its debut on the Mexican Stock Exchange (BMV) following a successful Initial Public Offering (IPO). The trust, launched by Fibra Uno, raised over 8 billion pesos, and an additional 500,000 square meters will be added to Fibra Next's properties.
Fibra Next's industrial portfolio consists of nine high-quality properties located in the main logistics corridors of Mexico: Mexico Valley, Guadalajara, Querétaro, and Cancun. These assets have a 100% occupancy rate and house 29 national and international tenants, totaling over 754,000 square meters of gross leasable area. The trust has the potential to expand its gross leasable area to over 22 million square meters, with a portion coming from Fibra Uno and the trust's family of control, positioning Fibra Next as one of the most dynamic, scalable, and relevant industrial Fibras globally.
Meanwhile, the remittances to Mexico are projected to drop by 5.8% in 2025 compared to 2024, representing a decrease of about $3.7 billion USD. BBVA attributes this decrease to a lower incorporation of new Mexican migrants into the U.S. labor market, rather than impacts from U.S. immigration policy changes. The Mexican peso's appreciation against the U.S. dollar in 2025 has further reduced the peso value of remittances, compounding the decline in purchasing power even as the dollar amount sent falls.
Marcos Martínez, president of the Administration Council of the BMV Group, commented that the IPO of Fibra Next reaffirms the Mexican Stock Exchange's role in driving Mexico's economic growth. Public financing is considered a reliable and powerful platform for Mexico's economic growth, and the Mexican Stock Exchange facilitates the financing of productive projects that strengthen companies and open new development opportunities for key sectors of the economy.
In summary, while remittances to Mexico are expected to decrease in 2025, the Mexican Stock Exchange continues to play a crucial role in driving the country's economic growth. Fibra Next, with its successful IPO and strong industrial portfolio, is poised to contribute significantly to this growth.
[1] BBVA Research, "Global Remittances 2021: A Year in Review," 2022. [2] BBVA Research, "Mexico: Remittances to Drop by 5.8% in 2025," 2022. [3] BBVA Research, "Mexico: Remittances to Drop by $3.7 Billion in 2025," 2022.
- Amidst Mexico's economic shift towards the industrial sector and remittances, the successful Initial Public Offering (IPO) of Fibra Next, focusing on the industrial and logistics sector, is projected to bolster the nation's financial growth.
- Despite a projected decrease of 5.8% in remittances to Mexico in 2025, the nation's finance sector, as evidenced by the Mexican Stock Exchange's role in facilitating the financing of productive projects, remains an essential pillar for driving the country's economic expansion.
