Fibra Prologis, the real estate investment trust, seeks to develop a subsequent capital issue for next March 5 before the Mexican Stock Exchange (BMV) with a goal of obtaining 434 million dollars.

The resources obtained from this capital issue are intended for the acquisition of industrial warehouses to satisfy the demand in spaces in northern Mexico that is strongly altered by nearshoring and adoption of electronic commerce.

Of Interest: Northern markets concentrate half of industrial demand in 2023

The Fibra Prologis portfolio plans the acquisition of 200,000 square meters of profitable area that will be strategically located in cities such as Tijuana, Monterrey, CDMX, Reynosa and Juárez.

This financial process is distributed between 155 million dollars for acquisitions identified by Prologis, 445 million dollars for third-party acquisitions and corporate use, finally 15 million dollars for transaction expenses.

The company announced that it put a total of 100 million Real Estate Trust Stock Certificates (CBFI) on sale, without a defined price yet, but with an estimated cost of $4.34 for each paper.

Consult here: Lack of energy supply impacts industrial demand in Ciudad Juárez

Finally, this announcement occurred since on February 13, Fibra Prologis presented a non-binding offer to acquire Fibra Terrafina, one of its main competitors and one of the most important trusts in industrial land that houses almost 4 million meters squares of profitable area.

In Solili you can check ships available in: Ciudad Juárez, Chihuahua y Tijuana. 

Original Note.