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Fibra Prologis plans acquisitions worth USD 100m to USD 150m in 2016

Fibra Prologis planea adquisiciones por USD 100m a USD 150m en 2016

Intel ID : 233624
Synopsis

Fibra Prologis (BMV:FIBRAPL 14), a Mexico-based real estate asset manager, plans to carry out acquisitions of industrial properties worth USD 100m to USD 150m in 2016, reported CNN Expansión on 4 February, 2016, citing COO of the company, Héctor Ibarzaban.

Ibarzaban noted the company will seek to acquire properties from its sponsor, US-based Prologis (NYSE:PLD), and from third parties. A quarter of the acquisitions will be carried out in 1H16 and the rest, during 2H16.

Fibra Prologis CFO, Jorge Girault, added the acquisitions will be financed with the company's own liquidity.
(content in spanish)

Fibra Prologis (BMV:FIBRAPL 14), gestora mexicana de bienes inmuebles, planea llevar a cabo adquisiciones de propiedades industriales por USD 100m a USD 150m en 2016, ha publicado CNN Expansión el 4 de febrero de 2016, citando al director de operaciones de la empresa, Héctor Ibarzaban.

Ibarzaban ha señalado que la empresa buscará adquirir propiedades a su patrocinador, la estadounidense Prologis (NYSE:PLD), y a terceros. Un cuarto de las adquisiciones se realizará en la primera mitad del año y el resto, durante la segunda mitad.

El director de finanzas de Fibra Prologis, Jorge Girault, ha añadido que se financiarán las adquisiciones con la propia liquidez de la empresa.

Bidder

Seller

Prologis
United States

Intel ID 233624
Value ND
Native Currency Mexican Peso (MXN)
Exchange Rate:
Financial Data - Fibra Prologis
(31 Dec 2014)
Revenue: EUR 68,94m
Exchange Rate:
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.02 Real Estate Investment Trusts (REITs)
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Services and Distribution / Transport, Aviation and Logistics
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.