Holland & Knight and Mexican firm Sarur Servicios Integrales were advisers to Mexican real-estate investment trust Fibra Uno on a complex $841 million industrial property purchase, while Mexican firm Ritch, Mueller, Heather y Nicolau represented the sellers.
Industrial property has been in heavy demand in Mexico despite delays in the signing of a new North American free trade agreement and despite the country’s flagging economic growth. Industrial space has become scarce in key locations such as Tijuana, just south of San Diego.
