Mexico Retail Properties to Invest 77.4 Million Pesos in Mazatlán

Mexico Retail Properties to Invest 77.4 Million Pesos in Mazatlán

 

Mexico Retail Properties (MRP), together with an investor partner, plans to build a Shopping Center in Mazatlán Sinaloa at a cost of approximately 77.4 million pesos. The MRP company is focused on investing, developing and operating shopping centers. Currently, it manages four private equity funds with committed resources of more than $ 1.3 billion and grows at around $ 250 million a year in development and Acquisition of shopping centers throughout Mexico.

The company reports that it has a presence in 19 states of the Mexican Republic, in addition to the Federal District, and currently has more than 1.1 million m2 profitable in 56 shopping centers, of which 42 are in operation and 14 in development.

The firm takes advantage of the business opportunities in Sinaloa through this new project in Mazatlán that is announced three and a half months after MRP revealed that it would invest, also with a partner, 118 mdp in the construction of a commercial center in Saltillo , In the state of Coahuila.

With the new project in Mazatlán, the company has accumulated five new investments totaling 534.4 mdp, since it raised 5,000 mdp with the sale of development capital certificates, or CKD is in March 2012, in the Mexican stock market.

MRP is composed of Mexican experts dedicated to the evaluation, planning, purchase of buildings, construction, marketing, financing, structuring and execution of transactions necessary for the development and operation of shopping centers.