Terrafina announced the development of an aggregate of 9,606 square meters (103,398 square feet) in Apodaca, Monterrey and San Luis Potosi; details are as: The investment will result in a consolidated net return on investment of 13.7%, 1 considering: Consolidated investment is USD 5.3 million (net of VAT reimbursement). Terrafina initiated construction of: A 7,900 square meter (83,035 square feet) industrial built-to-suit (BTS) facility for a new tenant, located in the industrial submarket of Apodaca, Monterrey. The lease agreement has a 10-year term.

A 1,706 square meter (18,363 square feet) expansion for an existing tenant in San Luis Potosi. Similarly, the executed lease agreement has a 10-year term.