Agrofibra to Arrive at BIVA in March

Agrofibra, the first agricultural Fibra in Mexico, is set to debut on Biva, the country's stock exchange.
The company aims to raise funds to acquire a portfolio of agricultural properties, tapping into the growth potential of the agricultural sector in Mexico.

The resources will be used to acquire a portfolio of properties. Photo: Bigstock

02/23/2022

Agrofibra, the first agricultural real estate investment trust (Fibra) in Mexico, is set to debut on March 23rd on the Bolsa Institucional de Valores (Biva), becoming the second real estate Fibra to list directly on the exchange. The company aims to raise up to 6.037 billion pesos by offering each trust certificate at a price of 40 pesos. These funds will be used to acquire a portfolio of properties, initially consisting of 15 agricultural-related assets across various states in Mexico.

The agricultural sector in Mexico has shown consistent growth, surpassing the national GDP since 2016. Agrofibra focuses on agroalimentary companies, particularly those with export-oriented operations requiring certifications for market access. This specialized Fibra offers investment opportunities in a sector with substantial growth potential in Mexico, with the added advantage of being the first of its kind.

Following in the footsteps of Fibra Soma, Agrofibra will be the second real estate Fibra to list directly on Biva, which has been operating in Mexico for 3.5 years.

Read the full article (in Spanish).

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