Mexican schemes buy into local property fund

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MEXICO - US-based real estate developer AMB Property Corp. said it raised $260m primarily from Mexican pension plans, known as AFORES, for an industrial real estate fund, the AMB Mexico Fondo Logistico.

"The first of its kind industrial venture for Mexican pension plans, this fund's investment strategy is to develop, own, operate and manage properties mainly within AMB's local target markets," sai...

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