Financialization and local governance: the case of FIBRAS and urban planning in Mexico

Authors

  • Luis Alberto Salinas Arreortua Instituto de Geografía, UNAM https://orcid.org/0000-0002-0983-3629
  • Ricardo Gomez Maturano Instituto Politécnico Nacional

Keywords:

Financialization, Governance, Trusts, Mexico

Abstract

One of the main stock exchange instruments generated during the financialization process are Real Estate Investment Trusts, which have allowed the reproduction of large real estate projects. Taking FIBRA Danhos in Mexico City as a case study, it is discussed to what extent urban planning affects the expansion of this trust and analyzes the elements that explain the location logic. From the so-called regulatory and exclusive urban planning and flexible planning, a contradictory process is established that pits the public against the private, and within the same interests of the private sectors to allow or prevent the development of a real estate investment. Based on a review of urban planning instruments and the location of FIBRA Danhos investments, it is concluded that financialization is reaching the core of urban regulations, that is, new mechanisms are being generated that not only regulate heights or intensities of land but are formed as instruments that turn the city into a “financial asset” that is immediately located in the circuits of global financial speculation.

Downloads

Download data is not yet available.

Author Biography

Luis Alberto Salinas Arreortua, Instituto de Geografía, UNAM

Luis Alberto Salinas Arreortua es Doctor en Geografía por la Universidad nacional Autónoma de México. Es investigador titular de tiempo completo en el departamento de Geografía Social del Instituto de Geografía de la UNAM. Ha sido profesor invitado en diferentes universidades latinoamericanas, como Facultad Latinoamericana de Ciencias Sociales, Ecuador, Universidad Nacional de Córdoba, Argentina, Universidad de Costa Rica, Pontificia Universidad Católica de Paraná, Brasil, entre otras. Es profesor de geografía y urbanismo de la UNAM y ha publicado numerosas publicaciones sobre temas de investigación que incluyen segregación urbana, gentrificación, neoliberalismo urbano, política de vivienda y gestión urbana. Es miembro del Sistema Nacional de Investigaciones del CONACyT. 

Published

2022-09-13

How to Cite

Salinas Arreortua, L. A., & Gomez Maturano, R. (2022). Financialization and local governance: the case of FIBRAS and urban planning in Mexico. Revista De Geografía Norte Grande, (82). Retrieved from https://ojs.uc.cl/index.php/RGNG/article/view/39139

Issue

Section

Artículos