To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
Fibra Uno acquires Mexican property portfolio for $2b
Fibra Uno, a Mexican REIT, has acquired a portfolio of 15 properties across Mexico known as R15. The sales price was $1.98 billion. The transaction was announced on May 21.
The properties include three super prime office buildings in the heart of Mexico City’s and Guadalajara’s business districts, one industrial property located in the State of Mexico, and 11 super prime and prime retail properties located in the states of Mexico, Quintana Roo, Jalisco, Veracruz and Sinaloa.
In a separate deal, the REIT has acquired an office building located in the Polanco area of Mexico City. According to Real Capital Analytics, the sales price of the 69,966-square-foot office building is $20.2 million. As part of the transaction, Fibra Uno will develop an additional office building with a GLA of 130,000 square feet in the same l