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Fibra Uno Planning $1.5 Billion Acquisition in Mexico

Corrected

Fibra Uno Administracion SA, Mexico’s biggest real-estate investment trust, plans to buy 20 billion pesos ($1.49 billion) of properties, according to the company’s adjunct Chief Executive Officer Gonzalo Robina.

Fibra Uno is awaiting approval of the nation’s antitrust commission, known as Cofeco, to finalize the purchases, Robina told reporters in New York today. The five portfolios include 20 campuses of a university, office buildings, 13 retail properties, seven plots of land and three shopping malls in Mexico City, he said.