O’Donnell and Audi México executed a build-to-suit development and construction agreement to finance, develop and build the main logistics infrastructure for the new Audi project located at San Jose Chiapa, Puebla, Mexico.

April 16th, 2015

Puebla, Mexico (January ??, 2015) - O’Donnell, an industrial real estate developer from Mexico, and Audi Mexico executed a definitive agreement for the design and development of five industrial buildings within the Audi Q5 Manufacturing Complex located at San Jose Chiapa, Puebla, Mexico. The construction and development agreement includes: The Just-in-Sequence (JIS) Supplier Park, the In-Plant Logistics Center, and an Intermodal Facility. The details of the project include: 

  • The JIS Supplier Park will include three multi-tenant logistics buildings totaling 947,662 SF (88,040 m2) which will accommodate a total of seven suppliers and two logistics service providers;
  • The In-Plant Logistics Center will total 965,595 SF (89,706 m2) and will support the in-plant logistics operations;  
  • The intermodal facility (Container Yard) will total 656,657 SF (61,005 m2) of land and will support the handling of full load and empties containers.

O’Donnell is a leader in the development of industrial parks and buildings in Mexico with proven experience in building manufacturing and logistics buildings to suit. Audi Mexico selected O’Donnell based on the company’s extensive logistics and automotive supplier facility experience. AIG Global Real Estate, whose Mexico real investment platform includes extensive industrial experience, is O’Donnell’s financial partner.

About the Q5 Manufacturing Plant

With a total invest of US$1.3 Billion Audi is building its most modern and highest (located at 7,874 ft. (2,400 m) above sea level) plant within the Audi production network in Mexico. In 2016 Audi Mexico will start producing the Audi Q5.

About Audi Mexico

Besides Europe and China, North America represents the third pillar of the internationalization strategy of the AUDI AG. Audi is the first premium automotive manufacturer building a plant in Mexico. By the time the production starts, Audi Mexico will employ 3,800 people. Already in September 2014, the 1000th employee was welcomed at Audi Mexico. Another 20,000 jobs will be generated in the economic surrounding of the plant in the next 10 years. All employees of Audi Mexico as well as the employees of the supplier companies will be qualified in the Training Center in San Jose Chiapa, Puebla, where Audi Mexico is also providing the dual education system according to German standards in cooperation with the Universidad Tecnologica de Puebla (UTP).

About O’Donnell

O’Donnell is a full service, value-added industrial real estate developer. It invests in major distribution hubs and manufacturing centers in Mexico that are supply-constrained, or are unique by virtue of their location and/or infrastructure. Since 1996, O’Donnell - Mexico has developed, acquired and actively manages more than 1.14 million m2 (12.3 million SF) of industrial properties, strategically located in 15 markets throughout Mexico. Major investment partners and debt service providers include AIG, Prudential Real Estate Investors, GE Capital, JP Morgan, and Citibank.

About AIG

AIG Global Real Estate, founded in 1987, comprises a group of international companies within AIG that invests in and actively manages approximately $30 billion* of real estate for clients and AIG member companies in various countries. The business was recently expanded to include AIG Affordable Housing representing over 120,000 multi-family units across the United States.

AIG Global Real Estate is headquartered in New York and Los Angeles with several regional offices, including Atlanta, London, Mexico City, Moscow, San Francisco, Seoul, Shanghai, and Stowe, VT. The company has maintained a Mexico City real estate investment office since 2003.

For further information please contact:
O’Donnell Corporate Communications
Paola Cruz
Phone: +52 (55) 5281 3600
Twitter: @odonnellmexico
Web: www.odonnell.com.mx