The 4 000 sq. m, five-storey building in the upmarket suburb of Polanco is designed by the architect David Chipperfield and will host at least six exhibitions a year.

The 2,600-strong Jumex Collection is believed to be the largest contemporary art collection in private hands in Latin America.

Focused on contemporary art from the 1990s to the present, including an important group of Mexican contemporary artists, La Colección Jumex comprises the work of artists such as Francis Alÿs, Miguel Calderón, Maurizio Cattelan, Abraham Cruzvillegas, Jose Dávila, Tacita Dean, Olafur Eliasson, Peter Fischli & David Weiss, Mario García Torres, Félix González-Torres, Rodney Graham, Thomas Hirschhorn, Mike Kelley, Rivane Neuenschwander, Gabriel Orozco, Damián Ortega, Fernando Ortega, Ugo Rondinone, Anri Sala, Rudolf Stingel, Rosemarie Trockel, Cy Twombly, Danh Vo, Franz West, Christopher Williams and Cerith Wyn Evans, among others.

The collection also includes work created in earlier decades by international artists that were important references and were greatly influential to contemporary artists. These include: Carl Andre, John Baldessari, Dan Flavin, Dan Graham, Donald Judd, On Kawara, Martin Kippenberger, Joseph Kosuth, Paul McCarthy, Bruce Nauman, Dieter Roth, Ed Ruscha and Andy Warhol.