page_title: Grupo Garza Ponce
section_title: 2011–2015
hierarchical_section_title: Grupo Garza Ponce / Construction projects / 2011–2015
caption_attribution_description: English: Estadio BBVA Bancomer
context_page_description: Grupo Garza Ponce is a Mexican construction company based in Monterrey, Nuevo León. It was founded in 1966 by civil engineer José María Garza Ponce after he decided to take advantage of the boom in public works that Mexico was experiencing during that time. In the early 1980s, the company nearly went out of business due to the country's debt crisis; during that decade, they built the first private industrial park in Nuevo León, and later tapped into different markets by partnering with transnational companies in multimillion-dollar construction projects. They are currently one of the largest construction firms in Mexico and one of the leading ones in the northern part of the country.
  In the early 2000s, Grupo Garza Ponce had a strong business relationship with the Institutional Revolutionary Party based in Nuevo León, which granted them opportunities to participate in several construction projects, including the Puente de la Unidad bridge and the expansion of the Monterrey Metro. In the 2010s, they constructed industrial park projects in Nuevo León, the Mexico City Arena, and the football stadium Estadio BBVA Bancomer, home of Mexican top division team C.F. Monterrey.
context_section_description: In December 2011, Grupo Garza Ponce built a facility for the San Pedro Garza García, Nuevo León, municipal police force in Valle Oriente (es). The contract was valued at MXN$19.6 million, and the local government agreed to pay the company around MXN$1.6 million every month for the course of 15 years, totaling 180 monthly payments. The monthly payments stated did not include the mandatory value-added tax charged, as this number is decided by Mexico's National Institute of Statistics and Geography's (INEGI) consumer price index branch. Fernando Fuentes Urbieta, director at Grupo Garza Ponce, stated that these sort of agreements between construction companies and local governments were becoming prevalent in Mexico, as municipal authorities usually did not have large sums of capital for these type of investments. In an interview with the press in March 2014, local newspapers from San Pedro Garza García began circulating rumors that Grupo Garza Ponce was overcharging the local police force on these monthly installments. Fuentes Urbieta clarified to the press that these rumors were false and that his company was only charging the police what was stipulated in the contract.
  In February 2012, they finished the construction of the Mexico City Arena, a project where several Mexican constructions firms participated to create a 8,300 square metres (89,000 sq ft) arena. In April 2012, Grupo Garza Ponce constructed industrial facilities for Embraco and Magna International in Apodaca and San Luis Potosí respectively. According to Garza Treviño, the company expected to grow between 8 and 10% that year. In 2011, Grupo Garza Ponce grew 15%. In 2010, the company experienced 20% in growth. In 2009, however, the company's growth dropped 25% when compared to 2008, which was one of the company's best growth years. Garza Treviño explained that 2012 was expected to be one of their best years because there was a large industrial output in Central Mexico, and that international companies like Mazda and Honda were planning to open industrial plants in Mexico. He also stated that Grupo Garza Ponce was involved in the construction of an inland port and industrial park in Apodaca, a residential tower in Valle Oriente, an IMSS hospital, a football stadium, and several other expansions across the Santa Catarina River. That year, Grupo Garza Ponce was the eighth biggest construction firm in Mexico, and one of the leading ones in the northern part of the country.
  In April 2013, they built the Roberto Garza Sada Center in the University of Monterrey. This was the first Tadao Ando Japanese architecture construction in Mexico. In October 2013, Grupo Garza Ponce announced that they were selling 29 industrial parks and 4 territorial reservation areas totaling US$274.8 million to Fibra Uno, a Mexican real estate investment firm. This decision was part of a partnership agreement they had with US-based real estate firm Clarion Partners. Fibra Uno agreed to inherit a US$74.3 million debt and pay US$200.5 million in trust certificates. Garza Treviño explained that as part of the trust law, Grupo Garza Ponce and Clarion Partners owned half of the assets that were sold, which meant that each part was to receive US$137.4 million for the transaction. Garza Treviño stated that the money would be used to construct two additional industrial parks. Fibra Uno's general director Gonzalo Robina clarified that of the 29 industrial parks acquired, 14 of them were in Nuevo León, 13 were in either Chihuahua and Tamaulipas, one in San Luis Potosí, and another one—valued at US$50 million, the highest of the transaction—was in Saltillo, Coahuila.
  In 2013, Grupo Garza Ponce participated in the construction of Mexican football team C.F. Monterrey's stadium Estadio BBVA Bancomer. They worked alongside another Mexican construction company, Aceros Lozano, and two major steel and cement, Villacero (de) and Cemex, respectively. Regarded by the Mexican press as the "most modern stadium in Latin America", Estadio BBVA Bancomer required 6,000 tons of steel and 49,000 tons of concrete. The con
caption: Aerial photo of Estadio BBVA Bancomer, a 2015 construction of Grupo Garza Ponce
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