The Mexico City (CDMX) portion of our trip was intense and a great combination of company visits, site tours and cultural activities.
The first meeting that we had was with Metrobuildings, a local multifamily company that is one of the pioneers in the industry in Latin America. One of the founders, Francisco Andragnes (CBS Alum), walked us through the macro aspects of the industry and gave us a very informative site tour of one of his new projects in the Polanco neighborhood. We learned about what is driving the multifamily industry in Mexico and also about every small detail about the design of the apartments.
Another amazing meeting was with CBRE Mexico. There we had a great presentation made by Lyman Daniels, Mexico’s Country Manager, where he went through the Office, Retail, Hospitality and Housing industries in detail.
In a similar tone, we visited Morgan Stanley, and were able to go through a deep macro and market analysis, with a special focus on FIBRAS (the Mexican equivalent of REITS). We had deep discussion over regulation and the outlook of the real estate market in Mexico. We also discussed the current political shifts with the election of the new Mexican president (AMLO) and the effects of the Trump’s election on the NAFTA agreements.
Both CBRE and Morgan Stanley presentations were extremely useful for all of use to gain a better understanding of the markets and a better base to approach the other company visits.
Another interesting presentation was the one with O’Donnell, industrial developer in Mexico. David O’Donnell, founder and CEO, invited us for lunch at Club the industriales (business club) were we heard his perspective on the world’s industrial development and how Mexico has great conditions for this specific market. He also gave us some professional advice, and after lunch we walked through the Club and were able to see some paintings from Diego Rivera and Frida Kahlo.
The trip has been great so far and all the information and knowledge that we are absorbing is coming together. It has been challenging to be able to stay concentrated but all meeting have been very interesting and have kept all of un engaged.
Valentina Pardo CBS’19