Puerto Vallarta, Mexico - More choices and more places to shop in Mexico are on the horizon. Recently Planigrupo Management, a Mexican investment fund, shelled out $255 million for nine shopping malls across the country.
These shopping centers are typically anchored by grocery stores and include Plaza Universidad in Pachuca, La Nogalera in Saltillo, Gran Plaza in Cancun and Plaza Bella Huinala in Monterrey. There are none planned for the Puerto Vallarta area.
This high-quality portfolio contains several major anchor tenants including Home Depot, Cinépolis, Bodega Aurrera and Suburbia.
Planigrupo makes investments to develop, build, maintain, operate, manage, renovate, expand and finance real estate assets in Mexico, including investments in land for future development, and the right to receive income from the leasing of the shopping centers.
Many investors are banking on the new economic reforms that President Enrique Peña Nieto has promised to push through congress. These reforms could help boost Mexico’s growth rate to 6% and increase demand for hotels, office space and shopping malls.
The real estate market has experienced an influx of capital since Reichmann International, a Canadian real estate company and Fibra Uno formed a real estate investment trust, REIT, in 2011. They offer investors a new way to access the property market. Since REITs began trading, financial firms have raised $4.6 billion from local and foreign investors, according to the Financial Times.
The international activity in property is a contrast to signs of a slowdown in the overall Mexican economy. After a big run-up in 2012, the rate of foreign investment in Mexican stocks fell by almost 50% in the first quarter of 2013, according to Central Bank data.
However, there has been no slowdown in property deals, which often involve international capital. This is great news for people looking to invest anywhere in Mexico. The professional real estate agents at Ron Morgan Properties can assist you in selecting a good investment property in the greater Banderas Bay area.
Ron Morgan Properties specializes in luxury real estate in the Marina Vallarta area and beyond to La Cruz de Huanacaxtle and Punta de Mita, as well as along the southern shores of Banderas Bay, from the Romantic Zone, Amapas and Conchas Chinas down to Mismaloya and even Costa Alegre. For more information, visit RonMorgan.net.Click HERE to learn more about Ron Morgan Properties.