Fibra Prologis, a real estate investment trust (REIT), settled the public acquisition offer it launched for Fibra Terrafina, continuing its progress towards consolidating itself as the largest Industrial trust in the country.

Of interest: Solili Industrial Report July 2024: leasing increases 55% compared to July 2023

Specifically, Fibra Prologis acquired 606.4 million Terrafina certificates that represent 77.13% of its share capital, for which it issued 217.1 million of its own certificates, and also paid 11.78 million pesos to cover the cash portion.

With this, the trust is also emerging as the largest Industrial REIT in the market, since at the end of the second quarter of the year, Fibra Prologis had 236 properties and 46.9 million square feet of gross profitable area.

Check here: Solili Offices Report July 2024: accumulated demand from January-July reaches 472 thousand m²

While Terrafina had 292 properties and 42.2 million square feet, so its combined portfolio would consist of 528 properties and 89.1 million square feet of gross leasable area.

At Solili you can consult industrial warehouses available in: Querétaro, Guadalajara y Puebla.

Original Note.