MEXICO, January 10, 2022 / PRNewswire / – FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class A industrial buildings in Mexico, acquired three buildings from its sponsor, Prologis, Inc., and other third parties. The acquisitions took place at the end of the fourth quarter of 2021 and at the beginning of 2022.
The buildings, which represent a total investment of US $ 71.5 million, including closing costs, include 873,225 square feet of industrial space and Last Touch® facilities at Mexico, Reynosa and Tijuana.
“Our exclusive access to our sponsor’s pipeline, combined with our ability to acquire strategic properties from third parties, is a real competitive advantage,” said Luis Gutiérrez, CEO of Prologis Mexico. “We continue to position FIBRA Prologis in highly desirable submarkets to meet manufacturing and offshoring demand as well as the growing need for modern Last Touch® logistics facilities. “
ABOUT FIBRA PROLOGIS
FIBRA Prologis is one of the leading owners and operators of Class A industrial buildings in Mexico. From September 30, 2021, FIBRA Prologis consisted of 208 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.6 million square feet (3.8 million square meters) of gross leasable area.
Statements contained in this press release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections regarding the industry and markets in which FIBRA Prologis operates, the beliefs of management and the assumptions made by management. Such statements involve uncertainties which could have a material impact on the financial results of FIBRA Prologis. Words such as “expects”, “anticipates”, “intend”, “plans”, “believes”, “research”, “estimates”, variations of these words and similar expressions are intended to identify these forward-looking statements, which generally are not of a historical nature. All statements that deal with operating performance, events or developments that we anticipate or anticipate will occur in the future – including statements relating to rental and occupancy growth, acquisition activities, development activities, disposal activities, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe that the expectations reflected in forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved and, therefore, actual results and results may differ materially from what is expressed or expected in these forward-looking statements. statements. Some of the factors that may affect results and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rate, (iii) increased or unforeseen competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of the status of real estate investment trust (“FIBRA ») And tax structuring, (vi) the availability of financing and capital, the debt levels we maintain and our credit ratings, (vii) the risks associated with our investments (viii) environmental uncertainties, including including the risks of natural disasters, (ix) the risks associated with the coronavirus pandemic, and (x) the additional factors discussed in the reports filed with the “Comisión Nacional Bancaria y de Valores” and the Mexico Stock Exchange by FIBRA Prologis under “Risk Factors”. FIBRA Prologis does not undertake to update the forward-looking statements appearing in this press release.
Non-Solicitation – Any securities discussed in this document or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in United States the lack of registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities law. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy any of the securities mentioned herein or in the presentations, as the case may be.
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SOURCE FIBRA Prologis