On April 13th, Thor Urbana carried out its initial public offering through the Institutional Stock Exchange (BIVA). The event, presided over by CEO María Ariza, was attended by Jimmy Arakanji and Jaime Fasja, CO-CEOs, Sebastián González, Director of Investments, and Federico Malo, CFO.
With this offering, Thor Urbana solidifies its foray into investment instruments, building upon a historical record of successful capital investment ventures and the launch of a CKD in 2018.
During the event, the leading real estate development and investment company materialized its financial strategies through the issuance of Trust Certificates for Investment Projects (
CERPI). The first round of offerings amounted to 720 million pesos, out of a total investment of over 3.6 billion pesos. Its trading symbol will be "TUCERPI21," with a 15-year validity.
These instruments will be allocated for the acquisition, development, and financing of real estate, hotel, commercial, and industrial projects in Mexico, with a focus on logistic zones that play a significant role in the USMCA (T-MEC) and the booming e-commerce industry.
The placement of CERPI, in addition to funding future projects, will benefit investors and contribute to the country's economic and social development. The successful issuance of this instrument consolidates Thor and BIVA's leadership and vision together. Ariza concludes, "We continue to invest in the present and future of Mexico. It represents a great moment to invest in the country."
"Thor Urbana is a leading real estate firm known for its fresh and innovative vision," mentions Fasja.
The company holds an investment portfolio of over two billion dollars in operational properties and projects under development in locations such as Mexico City, Guadalajara, Playa del Carmen, Cancun, Merida, Metepec, Los Cabos, Tulum, San Luis Potosi, Tijuana, Riviera Nayarit, and Belize, among others. These include premier tourist developments, mixed-use properties, and experiential centers, totaling 1.5 million square meters of built space.
This new issuance will allow Thor Urbana to raise funds in strategic locations for the development of new projects and will serve as the investment vehicle administrator to provide returns through the operation of the properties within its portfolio.
"Our goal is to enhance the environment and drive the growth of the communities where we have a presence. This new listing on the stock exchange reaffirms our ongoing commitment to Mexico and our long-term dedication to investing in innovative developments that add value and provide unique experiences for our visitors and users," concludes Arakanji.
Find more details and insights on Thor Urbana's properties at
siila.com.mx.