Mexican government's move to sell army base could generate giant land deal
The undeveloped area of Mexico City could turn into a lucrative real estate development worth US$1b
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Mexico City
MEXICO'S government is preparing to sell a giant parcel of land that could turn an undeveloped area of Mexico City into one of the most lucrative real estate developments in Latin America with a price tag that experts see reaching as high as US$1 billion.
Nearly four times the size of Disneyland at 125 ha, the military site is one of the last big swathes of developable land in central Mexico City, a megalopolis with more than 20 million people where land values in coveted neighbourhoods have soared.
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