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Monterrey company investing 900 million peso in Cancun real estate projects

Cancun, Q.R. — Representatives of the Monterrey-based company Capitel presented two real estate projects in Cancun, which will have a joint investment of 900 million pesos. On project will be Centralia and the other at Bonampak. The company says they will ensure their other project Azuna Plaza at Tajama, has all the permits and operates 100 percent.

Eduardo Zavala, director of the Centralia and Isabela Hewell director of the project at Bonampak, said that Capiten already has 70 projects nationwide, three of which are in Cancun and that they are already planning to expand to Playa del Carmen.

Zavala says that despite the times of economic turbulence with the renegotiation of the Free Trade Agreement and the presidential succession, the tourist cities, unlike the rest of the country, will do well because the dollar continues to increase which brings more visitors and foreign exchange.

The industrial real estate project Centralia began construction in February and is 30 percent complete, with hope of completing its first phase by July 2018 with completion in 2020. This particular real estate project consists of a commercial plaza, office building and warehouses with inter-collectible modules.

The third stage of the project will be a business hotel with 120 rooms managed by a recognized brand. The fourth stage will be another office building, on a territorial reserve of two thousand meters.

Eduardo Zavala stressed that they intend to take advantage of its proximity to the International Airport of Cancun.

A new industrial real estate project for Bonampak will be built along the avenue and consist of a building of medical offices, commercial premises and corporate offices, of 62,000 square meters next to Seat, with an investment of 650 million of pesos. The start is scheduled for early December and the delivery would be toward the end of 2019.

“There is a lot of demand for business offices, from companies that come from other places to settle here,” said Isabela Hewell.

“The branch of medical tourism is very strong, so there is also demand for clinics. Here in the area you can see that you have 85 percent of the offices in occupation by prestigious doctors in Cancun.”

They noted that the company will create a sales pool, open to all interested parties, in which a stake of two million pesos will be purchased to obtain profits from the lease of one of the floors of the building.

The representatives of Capitel assured that their Azuna project, located next to Ynfinity which has been closed by state officials for environmental violations, has all the proper environmental permits.