Chihuahua, Mexico, May 3rd, 2018.- Banco Actinver, S.A. Banking Institution, Actinver Financial Group Fiduciary of Trust F/2879 or FNOVA (BMV: FNOVA 17) Mexican REIT announced today the signature of a lease agreement with ALT Technologies, a 62K sq.ft. build-to-suit in the city of Chihuahua and the development of a new Industrial Park in the City of Juarez, Chihuahua.
FNOVA will begin the construction of a build-to-suit for ALT Technologies in Bafar Technological Park in the City of Chihuahua, Mexico with a construction area of 62K sq.ft. This manufacturing operation will be ALT Technologies first manufacturing operation in Mexico. ALT Technologies is an automotive company with headquarters in Holland with a wide variety of products such as identification labels for different surfaces, instrument panels labels, airbag covers, protective components can be made of a wide range of materials such as felts, plastics and metals in combination with a variety of adhesives among others.
Additionally, FNOVA acquired a land reserve for the development of a New Industrial Park in the City of Juarez, located on Independencia Blvd, the most active industrial zone in Juarez. Juarez is the second largest city in Mexico with industrial activities mainly in the electronics, automotive and medical sectors.
FNOVA´s Board authorized an amount of 80 million dollars for new investments including the mentioned above that will take place in the next twelve months in the cities of Monterrey, Queretaro, Chihuahua and Juarez.