Overview

• Fibra Next raised $436 million (approximately 8 billion pesos) by placing 80 million CBFIs at 100 pesos each under ticker NEXT25 in its July 23 debut on the BMV.
• Its initial portfolio comprises nine class-A industrial properties totaling 754,154 square meters across key logistics corridors in Valle de México, Guadalajara, Querétaro and Cancún.
• The trust will initially rely on Fibra Uno’s back-office services under its own board led by CEO Raúl Gallegos and is backed by institutional investors and four Afores (95%), with 5% from foreign participants.
• Over the next nine months it intends to invest 8 billion pesos to develop 500,000 square meters of gross rentable area for logistics and manufacturing tenants.
• Fibra Uno is set to transfer 182 additional industrial assets to the new vehicle in the coming months, supporting Fibra Next’s plan to expand to 22 million square meters and capture about 20% of Mexico’s industrial stock.