By  on February 10, 2017

MEXICO CITY — Thor Urbana plans to invest over $1.4 billion to open 10 shopping malls and five hotels and resorts in Mexico and Belize by 2020, its founders said as they unveiled a new designer sale platform called The Lab.

Thor, a joint venture of New York and Mexican real-estate developers Thor Equities and GFa, will pursue the expansion despite a deteriorating economic outlook in Mexico, where U.S. President Donald Trump's plans to modify the North American Free Trade Agreement and potentially tax foreign remittances are putting international investors on tenterhooks.

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