FIBRA Monterrey, Led by Jorge Avalos, Prepares a $3 Billion Follow-On Offering with an Additional 15% Oversubscription Option

FIBRA Monterrey, led by Jorge Avalos, plans a follow-on offering of 3,000 million pesos for acquiring industrial properties, capitalizing on the dynamic market segment and supply chain relocation trend from the US to Mexico.
The potential acquisitions exceed $1 billion, with $100 million in additional debt financing available. FIBRA Monterrey aims to seize the opportunity and accelerate investment efforts.

FIBRA Monterrey capitalizes to acquire industrial properties. Photo: AvailableLight

06/21/2022

FIBRA Monterrey, under the leadership of Jorge Avalos, is preparing a follow-on offering worth 3 billion pesos, with an additional 15% over-allotment option for the upcoming month. The funds raised will be entirely allocated to the acquisition of industrial properties, which have been the most dynamic segment in the real estate market for the past two years. This trend has gained further momentum with the relocation of supply chains from the United States, which is expected to bring even more benefits to Mexico.

FIBRA Monterrey has indicated that the potential value of the planned purchases exceeds $1 billion, marking the highest figure since the trust's inception in 2014. To finance these acquisitions, they have access to an additional $100 million in debt. In the event that these funds are exhausted, the trust will consider a subsequent capital placement. The management team of FIBRA Monterrey, in line with other trusts, is demonstrating a strong commitment to seizing these opportunities.

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