Deal | 28 July 2025
BBVA Leads Fibra Next’s IPO, Marking the Revival of Mexico’s Equity Market
BBVA acted as Sole Global Coordinator in the IPO of Fibra Next, a 100% industrial REIT backed by E-Group and Fibra Uno, which made its debut on the Mexican Stock Exchange on July 23, 2025. This landmark transaction — the first local IPO in seven years — raised MXN 8 billion, marking a pivotal moment for public investment appetite in Mexico. CBFIs were priced at MXN 100.00 per unit.
The offering, executed simultaneously through a public tranche in Mexico and a private placement abroad, will channel capital into the industrial real estate sector and e-commerce growth. The deal sends a strong positive signal to markets, reinforcing investor confidence and reigniting momentum in Mexico’s capital markets.
Fibra Next is a real estate investment trust focused on the acquisition, development, and management of Class-A industrial properties across Mexico. Its initial portfolio comprises nine properties concentrated in logistics and manufacturing, totaling 537,000 square meters of Gross Leasable Area (GLA), with a 100% occupancy rate.
BBVA CIB supported Fibra Next in this strategic transaction, underscoring its longstanding commitment to the development of Mexico’s capital markets and its leadership in financing key projects that drive economic and industrial growth.
We congratulate Fibra Next on a successful public debut and thank them for their trust in BBVA as Lead Global Coordinator — reaffirming our commitment to the growth and deepening of Mexico’s capital markets.
The offering, executed simultaneously through a public tranche in Mexico and a private placement abroad, will channel capital into the industrial real estate sector and e-commerce growth. The deal sends a strong positive signal to markets, reinforcing investor confidence and reigniting momentum in Mexico’s capital markets.
Fibra Next is a real estate investment trust focused on the acquisition, development, and management of Class-A industrial properties across Mexico. Its initial portfolio comprises nine properties concentrated in logistics and manufacturing, totaling 537,000 square meters of Gross Leasable Area (GLA), with a 100% occupancy rate.
BBVA CIB supported Fibra Next in this strategic transaction, underscoring its longstanding commitment to the development of Mexico’s capital markets and its leadership in financing key projects that drive economic and industrial growth.
We congratulate Fibra Next on a successful public debut and thank them for their trust in BBVA as Lead Global Coordinator — reaffirming our commitment to the growth and deepening of Mexico’s capital markets.