At the start of 2026, FIBRA Prologis announced a planned transition in its senior management. Effective July 1, Jorge Girault will assume the role of chief executive officer, succeeding Héctor Ibarzábal.

Girault, currently the trust’s chief financial officer (CFO), brings more than 30 years of experience across the real estate and financial sectors and has played a central role in the company’s recent expansion, including the 2024 acquisition of Terrafina.

The leadership change comes as FIBRA Prologis closes a phase of accelerated growth, during which the trust’s gross leasable area expanded by 84% in just three years. Today, the company operates more than 6.1 million square meters with 98% occupancy and holds a land bank with the potential to develop an additional two million square meters. With that growth now embedded, the trust’s focus shifts from scale to execution and financial discipline.

In the same context, the transition also reaches the finance function. Starting in July, Alexandra Violante will step down from her role leading Investor Relations to take over as CFO. Operating results underscore why this adjustment matters for FIBRA Prologis.

In the third quarter of 2025, net effective rent on renewals rose 47.2%, while tenant retention reached 81.7%. Cash NOI on same-store properties increased 14.8%, driven by contractual adjustments rather than inorganic expansion. With leverage at 22.6% and liquidity close to $1.1 billion, the trust’s performance now relies more on financial execution than on portfolio growth, particularly across assets where structural demand, pricing power, and tenant stickiness are already well established.

Beyond the headline figures, the management reshuffle points to a strategy aimed at consolidating scale in markets where industrial demand is deeper, more stable, and structurally anchored.

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