Macquarie Mexican REIT Completes Acquisition of Five Property Portfolio Primarily Located in the Mexico City Metropolitan Area

  Macquarie Mexican REIT Completes Acquisition of Five Property Portfolio
  Primarily Located in the Mexico City Metropolitan Area

Business Wire

MEXICO CITY -- November 6, 2013

Macquarie Mexican REIT (MMREIT) (BMV:FIBRAMQ) today announced that it has
completed its acquisition of five of six properties it agreed to acquire from
Grupo Immobiliario Carr and partners during the third quarter. The closing of
the sixth property, City Shops del Valle, is expected to occur in late 2013 or
early 2014 when the development is fully completed.

MMREIT agreed on a purchase price of approximately Ps.2.8 billion (US$215.2
million), excluding transaction costs, for the six properties, with a
potential earn-out of up to approximately Ps.84.4 million (US$6.4 million)
based on additional lease-up. The total consideration paid for the six
properties, including transaction costs and property tax, is approximately
Ps.3.0 billion (US$225.6 million). US dollar figures are based on an exchange
rate of 13.10 Ps/USD (as of November 5, 2013).

The 115,606 square meters (1.2 million square feet) of gross leasable area in
the portfolio includes four retail properties, one mixed-use property (retail,
office and hotel) and one office building. Five of the properties are located
in the Mexico City Metropolitan Area (MCMA) and one is in Irapuato,
Guanajuato. The acquired five properties have an occupancy rate of 95.1% as of
September 30, 2013.

MMREIT estimates that the six property portfolio will generate approximately
Ps.246.8 million (US$18.8 million) of net operating income (NOI) and
approximately Ps.157.5 million (US$12.0 million) of funds from operations
(FFO) in 2014. The estimates assume the acquisition of the fully developed
City Shops del Valle property as of January 1, 2014. NOI includes forecast
rental income plus maintenance recoveries and parking income, minus property
operating expenses (including the estimated property administration fee) for
the full year 2014. FFO is equal to NOI minus corporate general and
administrative expenses, debt service and management fees.

“We are pleased to have closed this important transaction. The properties we
have acquired are primarily located in the important MCMA market and provide
us with an expanded base from which to further diversify our current portfolio
into the retail and office sectors,” said Jaime Lara, Chief Executive Officer,
MMREIT.

The five property transaction, including VAT, was funded with approximately
Ps.1.1 billion (US$87.0 million) of senior debt drawn on existing facilities
with GE Capital Real Estate México (GECREM), approximately Ps.294.3 million
(US$22.5 million) drawn on a FIBRA-level VAT facility with Macquarie Bank
Limited, approximately Ps.1.0 billion (US$79.1 million) through the issuance
of approximately 37.6 million CBFIs and approximately Ps.238.8 million
(US$18.2 million) of available cash. The GECREM facilities bear interest at a
blended rate that is currently 4.07% per annum. The VAT facility bears
interest at a rate of TIIE-28 + 2.25% per annum.

“It’s also worth noting that we were able to source this transaction on an
exclusive basis through our Manager’s broad network of real estate
relationships in Mexico,” added Lara. “We continue to leverage the strength of
those relationships to source and evaluate additional acquisition
opportunities.”

MMREIT has announced and closed on the acquisitions of three property
portfolios this year. Including the City Shops del Valle property, the
acquisition of which is expected to close in late 2013 or early 2014, MMREIT
expects that the three acquisitions combined will generate FFO in a range of
Ps.0.48 to Ps.0.52 (US$0.037 and US$.040) per CBFI, or approximately Ps.313.2
million (US$24.0 million) on an annualized basis when closed.

Following the closing of the acquisition, MMREIT’s portfolio consists of 259
industrial properties, five retail properties, one office property and one
mixed-use property totaling 2.8 million square meters (31.1 million square
feet) of gross leasable area across Mexico.

About Macquarie Mexican REIT

Macquarie Mexican REIT (MMREIT) (BMV: FIBRAMQ) is a real estate investment
trust (fideicomiso de inversíon en bienes raices), or FIBRA, listed on the
Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial,
retail and office real estate opportunities in Mexico, with a primary focus on
stabilized income-producing properties. MMREIT’s portfolio consists of 259
industrial properties and seven retail/office properties located in 22 cities
across 17 Mexican states (as of November 6, 2013). For additional information
about MMREIT, please visit www.macquarie.com/mmreit.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main business
focus is making returns by providing a diversified range of services to
clients. Macquarie acts on behalf of institutional, corporate and retail
clients and counterparties around the world. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 13,900 people and has assets under management of over A$385
billion (as of September 30, 2013).

Macquarie Infrastructure and Real Assets, a division of Macquarie, is a
leading global alternative asset manager specializing in investments across
infrastructure, real estate, agriculture and energy. Macquarie Infrastructure
and Real Assets manages 49 funds with US$101 billion of assets under
management across 25 countries (as of March 31, 2013).

Cautionary Note Regarding Forward-Looking Statements: This release may contain
forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. We caution you that a number of important factors could
cause actual results to differ significantly from these forward-looking
statements.

THIS RELEASE IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES, AND
SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION
OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED.

Contact:

Investor Relations:
Macquarie Mexican REIT
Jay Davis, +1-212-231-1825
Investor Relations
jay.davis@macquarie.com
or
For international press queries:
Macquarie Group
Paula Chirhart, +1-212-231-1239
Corporate Communications
paula.chirhart@macquarie.com
or
For press queries in Mexico:
CarralSierra PR & Strategic Communications
Jose Manuel Sierra
Cel: +52 55 5105 5907
Tel: +52 55 5286 0793
jmsierra@carralsierra.com.mx
or
Andrea Barba
Cel: +52 55 3355 4968
Tel: +52 55 5286 0793
abarba@carralsierra.com.mx
 
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