Transactions - AUGUST 4, 2014

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Fibra Uno to buy Mexico City complex for $409.7m

by Andrea Waitrovich

Mexican REIT Fibra Uno has paid 5.4 billion pesos ($409.7 million) for the Samara Corporate, Hotel and Mall complex in Mexico City. It is the REIT’s second asset in the area.

It is estimated the new property will generate approximately 460 million pesos ($34.9 million) in net operating income in the next 12 months. The payment of the acquisition will include 900 million pesos ($68.28 million) of assumed debt and the reminder in CBFIs.

The four-building asset totals approximately 968,760 square feet. It is 96 percent occupied overall, with 97 percent in the retail area and 95 percent in offices. The retail area is anchored by a retail store, a fitness center, a nine-screen movie theater, clothing stores and a large food court. It is the second-largest mall in the Santa Fe market. In addition, Samara has a 290-room five-star hotel.

The prime office space is leased to leading companies in the aviation, financial, energy, infrastructure and consumer

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