TrafficCourt

GE Bullish on Mexico, Brazil

RSS
Reuters reports on GE Real Estate's interest in Mexican and Brazilian real estate.
"We see Brazil as maybe the next Mexico," Joseph Parsons, president of North American equity at GE Real Estate said at the Reuters Real Estate Summit in New York. "The country is stabilizing; the government is proactive and business-oriented; it has enormous natural resources; it has a growing middle class; it has a lot of positive dynamics."

Parsons said GE is starting to recruit its Brazilian real estate team, but declined to provide details on the company's investment goals in that country.

Brazil's economy has been on a strong growth path of late, with a government-linked think tank forecasting 4.3 percent gross domestic product growth this year and foreign investment on the rise.

In Mexico, where GE Real Estate has operated for 10 years, the company plans to invest about $400 million in industrial space over the next three months, Parsons said.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×