Developer Launches Mall Fibra

Developer Launches Mall Fibra

Mexico Equity

Mexican developer Grupo Acosta Verde is targeting more than MXP5.0bn ($380m) in the IPO of its Fibra, pricing November 20. The Fibra Sendero shopping mall-focused real estate fund is offering 264m shares, assuming a 15% greenshoe, at MXP20.00-MXP25.00 each, meaning a MXP5.28bn transaction at the midpoint. The all-primary share deal is to include both Mexican and international tranches, with the size of each determined at pricing. Sendero starts with 10 operating malls spread throughout five Mexi

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