May 22, 2014
Mexican real estate trust Fibra Uno has agreed to spend MXN23.5bn ($1.8bn) on a portfolio of 15 properties dubbed R15. The large-scale acquisition is still subject to due diligence and certificate-holder approval, among other processes.
The Fibra said it would use equal portions of cash and certificates to pay for the acquisition. The deal also includes MXN3.5bn of assumed debt. Seven of the properties have a 95% occupancy rate, while eight are under development. The buyer is holding a confere
M&A: Mexican real estate trust adds to portfolio