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Mexico financial hub faces office glut as oil plunges

Thursday, April 30, 2015

A decade-long building spree threatens to leave Mexico City with a large surplus of office space as the fall in oil prices undermines the economy.

The new buildings, repaved streets and gardens have revitalized the historic financial district, but now investors in the new real estate investment trusts that financed the towers face the prospect of higher vacancies and lower returns.

Source: Bloomberg