Thor Urbana Goes for $290 Million Pesos with New CKD Capital Call

Thor Urbana, a real estate developer specializing in shopping centers and mixed-use properties, plans to raise 290 million pesos through the fifth issuance of the Certificado de Capital de Desarrollo (CKD) on the Mexican Stock Exchange. The funds will be used to finance the La Reserva project and cover related issuance expenses.

Thor Urbana's project incorporates a hotel and residential complex. Photo: Bigstock.

06/22/2022

Thor Urbana, a real estate developer of shopping centers and mixed-use real estate, reported that it will seek to raise 290 million pesos with the fifth call of the Certificado de Capital de Desarrollo (CKD), which it placed on the Mexican Stock Exchange in 2018 for a total amount of 2.5 billion pesos.

The company will use the resources to finance the La Reserva project, which was approved in its holders' meeting in January 2019, as well as to cover expenses related to said issuance, which amount to 500,000 pesos, it said in a statement.

Read the full article (in Spanish).

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