FIBRA Mty Prepares Follow-On on BMV to Buy Industrial Buildings

FIBRA Mty plans to raise 3.45 billion pesos through a follow-on capital issuance to acquire industrial properties in key markets across Mexico.
The real estate trust aims to utilize the funds within six to eight months and has already identified investment prospects worth over $2 billion.

FIBRA Monterrey seeks to raise more than $3.4 billion pesos to expand its industrial portfolio. Photo: Cortesía BMV.

By: SiiLA News

08/03/2022

FIBRA Mty, a real estate investment trust focused on industrial and office properties, is planning a follow-on capital issuance of 3.45 billion pesos. The funds raised will be used to acquire industrial properties in key markets across the country, including the northern, central, and Bajío regions.

Javier LLaca, Director of Operations and Investments at FIBRA Mty, expressed optimism about the current industrial boom in Mexico, with record absorption levels and high leasing activity from both national and multinational companies.

The real estate trust aims to return to the Mexican Stock Exchange in the first half of September to launch the new capital offering. After the transaction, they anticipate utilizing the funds within a period of six to eight months. FIBRA Mty has already identified potential investment prospects, having evaluated transactions worth over $2 billion since late last year. The capital placement will enable them to pursue cash transactions ranging from $200 million to $350 million.

Read the full article (in Spanish).

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