Deals
Mexico Industrial REIT Readies IPO to Tap Nearshoring Demand
- BTG Pactual analyst expects primary offering of $1.5 billion
- Listing may be Mexico’s biggest in more than five years
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A carve out of Mexican real estate investment trust Fibra Uno Administracion SA is planning to raise funds via a listing of industrial properties in what could be the biggest Mexican initial public offering in more than five years.
Fibra Next, which will be formed, in part, out of Fibra Uno’s portfolio, is expected to provide equity investors a way to play the growing demand for factories, warehouses and industrial parks in Mexico when it comes to market.