November 18, 2019
Mexico's Finsa said it could issue more development equity certificates, known as CKDs, now that it has sold 74 properties for $841 million to the local real estate investment trust Fibra Uno.
"We are excited about the good results of our first CKD and we will keep betting on this investment vehicle to attract capital and continue with industrial real estate development in Mexico," Finsa CEO Sergio Argüelles said in a statement.
Finsa and its partner, the US private equity real estate manager Wa
Mexican real estate developer could sell more equity certificates next year after selling $841 mln in properties to Fibra Uno