By  on March 7, 2017

Some Mexican developers have taken a grim view of the future under President Trump, what with the possible collapse of the North America Free Trade Agreement and potential tax on foreign remittances, not to mention the shrinking value of the peso. But Thor Urbana is aggressively moving ahead with its ambitious plans for the country.

Thor Urbana, an affiliate of New York-based real estate development and investment company Thor Equities, on Tuesday said it has successfully completed an application to place a Capital Investment Certificate at the Mexican Stock Exchange. Thor Urbana wants to raise between $300 million and $400 million from retirement funds and qualified international investors. The company plans to use the resources to invest in lifestyle retail centers and mixed-use projects in key Mexican cities with a high population density and strong potential for economic growth.

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