Mall Fibra Can’t Convince Buyside

Nov 21, 2013

Grupo Acosta Verde’s Fibra Sendero has put off its IPO, the issuer says, “owed to market conditions.” Sendero was heard with the demand it wanted from Mexican investors, but getting a cooler response from the international investor base that has hesitated on the real estate funds this year. The issuer could attempt the transaction again this year or next, according to people familiar with the plans. “Fibras are undergoing an important valuation...

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