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 email@example.com or For international press queries: Macquarie Group Paula Chirhart, +1-212-231-1239 Corporate Communications firstname.lastname@example.org or For press queries in Mexico: CarralSierra PR & Strategic Communications Jose Manuel Sierra Cel: +52 55 5105 5907 Tel: +52 55 5286 0793 email@example.com or Andrea Barba Cel: +52 55 3355 4968 Tel: +52 55 5286 0793 firstname.lastname@example.org
Macquarie Mexican REIT Completes Acquisition of Five Property Portfolio Primarily Located in the Mexico City Metropolitan Area
Press spacebar to pause and continue. Press esc to stop.