Fibra Uno Administracion SAB, Mexico’s only real estate investment trust, plans to sell as much as 9.3 billion pesos ($722 million) in trust certificates on March 21, the company said in a filing with the nation’s stock exchange.
The company plans to sell 50 percent of the real estate trust certificates in Mexico and 50 percent in international markets, according to the filing.
Fibra Uno aims to sell as much as 8.125 billion pesos in real estate trust certificates with a potential over-allotment of 1.2 billion pesos, the filing showed.
The company plans to use the proceeds of the sale to acquire real estate assets, Fibra Uno said Feb. 27 in a filing with Mexico’s stock exchange.
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