Korean investors interested in buying lands in Nuevo Leon

Category: News
Published: 2015-02-09

Kia Motors has initiated a dialogue with the owners of “Las Aves” Golf Club, in Pesqueria municipality, with the intention to buy the land and build there some of its projects. Jose Gloria Lopez, Pesqueria´s Mayor, said that Asian investors are interested in building their own housing developments and even a mall.

However, they are still in talks to define the place to build them. One of the requirements of the Koreans, is to secure an area within 5 kilometers from the Kia Motors factory because they want to keep its workers near to the company and to avoid that other residential units may affect the production’s transit”. “Some investors are requiring at least 600 hectares to build their homes there. I suggested them to buy “Las Aves” which is already in negotiations”, explained the mayor. Mr. Gloria Lopez reported that they are in talks with and Workers’ National Housing Fund Institute (INFONAVIT) and Ministry of Agricultural, Territorial and Urban Development (SEDATU), who recommended to bet on vertical developments, if the goal is to become a “new residential city.”


Source: El Horizonte