Thor Equities aims to raise up to US$400m for a Mexican real estate strategy. The New York-based firm’s Thor Urbana affiliate is looking to raise capital to target retail and mixed-use schemes in Mexico.

(IPE RE) Thor Equities aims to raise up to US$400m (€378m) for a Mexican real estate strategy.

The New York-based firm’s Thor Urbana affiliate is looking to raise capital to target retail and mixed-use schemes in Mexico.

Thor Urbana said it is aiming to attract between US$350m and US$400m from Mexican retirement funds (Afores) and international investors.

“We will use these funds to continue developing innovative projects that change the panorama of our cities,” the firm said.

“Our goal is to add value in every aspect for those communities where our projects are located, thus creating real centers to socialise as well as experienced-filled spaces.”

Thor Urbana, which has projects in Mexico City, Guadalajara, Playa del Carmen, San Luis Potosí, Torreón, Mérida, Estado de México, Los Cabos and Belize, will invest in lifestyle centres in Key Mexican cities with high populations and potential for economic growth.

Thor Urbana currently owns more than US$1.4bn of assets, encompassing 14 projects and more than 1m sqm.