April 4, 2019 |
Mexico's real estate investment trusts, also known as fibras, could go on a buying spree this year as record low valuations encourage funds to seek mergers to strengthen their businesses, LatinFinance has heard.
"We haven't yet seen a fibra merger in Mexico, but investment banks and lawyers are eagerly awaiting several potential deals," said Alberto Azpúrua, CEO of the real estate investment firm Bricks Acquisition. "We just need someone to take the first step."
Fibra Monterrey could try to bu
Fibra Monterrey could snap up Fibra Macquarie, while the two largest hotel funds, Fibra Hotel and Fibra Inn, could merge, source says