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Sign in Sign up for a FREE subscriptionFIBRA Prologis completes portfolio sale
FIBRA Prologis, an owner and operator of class A industrial real estate in Mexico, has completed the sale of a portfolio of buildings to a major Mexican institutional investor for $62 million.
“This disposition further aligns our portfolio with our long-term investment strategy,” said Luis Gutierrez, CEO, Prologis Property Mexico. “Despite the quality of these sold properties, 85 percent of them are related to manufacturing, and they are in submarkets where we no longer plan to expand.”
The portfolio has a 95.7 percent occupancy rate and comprises approximately 1.1 million square feet including:
Two buildings totaling 423,021 square feet in Guadalajara Three buildings totaling 343,809 square feet in Monterrey One building totaling 139,673 square feet in Nogales One building totaling 95,949 square feet in Querétaro One building totaling 71,868 square feet in Saltillo“Buyer interest for quality as
