Bogota, Colombia y Mexico City, Mexico
August 4, 2021
TC, an institutional real estate investment manager, has partnered with Haskell, an experienced architecture, engineering, and construction company, to offer an integral solution to the industrial sector in Latin America. TC will provide funding to develop industrial assets tailored to clients’ specific needs.
Traditionally, if an industrial company needed to expand its facilities, it had to resort to its CAPEX, reducing capital available for reinvestment into the company’s operation.
TC and Haskell’s proposal becomes an alternative for those companies in the industrial sector looking to develop new production facilities (greenfield), modify existing facilities (brownfield), or design and adapt new production lines.
Andrés Lee, Project Development Director at Haskell Latin America, explains how this partnership will create a technical and financial solution to support companies’ expansion plans: “The proposed solution offered by Haskell & TC is to design and build spaces catered to clients’ needs while also providing funding, with the end goal of leasing the space to the client, so it can instead invest the capital it would otherwise have tied up in real estate to expand its operations.” Andrés comments.
Typical characteristic of companies suited for this type of solution are:
- Logistics and distribution companies that need to lease long-term facilities in different locations outside industrial parks.
- Small and mid-size companies looking for technical and financial support to execute their expansion plans.
- Mid-size and large companies looking to expand their operations but that do not want to or cannot make sizable CAPEX investments and, therefore, prefer to lease.
The partnership between TC and Haskell drives the growth of different companies to implement their investment needs through a “win-win” framework, where three parts will be involved: TC (financial partner), Haskell (technical partner), and the client (end-user).
“We are very excited to partner up with Haskell because it represents an additional step in our diversification process towards income-producing assets. We believe that given their technical experience and market knowledge, Haskell is the ideal partner to materialize this idea” comments Gregorio Schneider, Founding Partner and CIO of TC.
The initially projects will be in Mexico and Colombia, and the target investment amounts are expected to range between US$15 MM and US$20 MM.
About TC Latin America Partners (www.tclatam.com)
TC Latin America Partners is an Institutional Real Estate Fund Manager that invests with an opportunistic approach in residential, commercial, industrial, healthcare, and digital real estate assets in Latin America. The company was founded in 2012 and is registered as an investment adviser with the SEC in the United States. The firm is headquartered in New York City and has local offices in Bogota, Lima, Mexico City, and Santo Domingo.
About Haskell (www.haskell.com)
The Haskell Company is an American firm that provides architecture, engineering, construction, and consulting services with over 50 years of experience, over 17 offices across North America, and an international presence in Latin America and Asia. Haskell is headquartered in Jacksonville, Florida and is globally recognized as a pioneer of the Design-Build method, which has proven to save time and costs in several different projects in which it has been used.
THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.