08 March 2024

BBVA México acts as Active Joint Bookrunner in Fibra Prologis’ follow-on offering for MXN 9.66 billion


BBVA México congratulates Fibra Prologis for its successfully follow-on public offering of Real-Estate Trust Certificates (CBFIs) as part of a global offering of CBFIs totaling MXN 9.66 billion (including exercise of the overallotment option and option for additional placement), equivalent to 138 million CBFIs, offered simultaneously on the Mexican market as a public offering and on the US market and as a private placement among qualified institutional investors under Rule 144A of the US Securities Act of 1933; and in other countries under Regulation S of the US Securities Act and in accordance with the legislation applicable on those countries. The CBFIs were placed at a price of MXN70 each.


The proceeds from the issuance will be used to fund various potential future acquisitions from its sponsor, Prologis, Inc., and other unrelated third parties, that support the growth of its development plan.


Fibra Prologis is a real estate investment trust and manager of Class-A industrial properties in Mexico. It has a portfolio of 235 properties primarily dedicated to manufacturing and logistics in the northern and central industrial markets of the country. Its portfolio totals 4.4 million square meters of Gross Leasable Area (GLA), with an occupancy rate of 99.8%.


BBVA Mexico thanks Fibra Prologis for the trust in selecting us as Active Joint Bookrunner for this important operation in the Mexican real estate market.


The Real-Estate Trust Certificates have not been, nor will they be, registered under the US Securities Act nor the securities laws of any state in the United States, and they may not be offered or sold in the United States without being registered, or under any exemption of the registry requirements by virtue of the US Securities Act and any applicable state securities law.