Mall Developer Preps Fibra

Mall Developer Preps Fibra

Mexico Equity

Mexican developer Grupo Acosta Verde is preparing a new shopping mall-focused real estate fund for Mexico’s Fibra market, according to regulatory documents. The fund, to be known as Fibra Sendero, will start with 10 operating malls spread throughout five Mexican states, and aims to acquire land to develop six more. The size and timing remain to be determined. Sendero’s malls are focused on the middle and lower-middle classes, also known as C and D classes. BBVA and JPMorgan are global coordinato

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