FIBRA Prologis acquires 242,643 square feet in Ciudad Juárez, Chihuahua
CITY OF MEXICO, July 20, 2021 / PRNewswire / – FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class A industrial buildings in Mexico, today announced the acquisition of 242,643 square feet of industrial space for a total investment of US $ 19.1 million, including closing costs. The property is located in Ciudad Juárez, Chihuahua and was developed by our sponsor, Prologis. The property is fully leased to a leading multinational company in the home furniture industry.
“This leased property will enhance our property in the industrial center of Juarez,” said Luis Gutierrez, CEO, Prologis Mexico. “This property is in the most sought after submarket within Ciudad Juárez, and provides further evidence that nearshoring creates demand in Mexico. “
ABOUT FIBRA PROLOGIS
FIBRA Prologis is the main owner and operator of class A industrial buildings in Mexico. From March 31, 2021, FIBRA Prologis consisted of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.1 million square feet (3.7 million square meters) of gross leasable area.
Statements contained in this press release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections regarding the industry and markets in which FIBRA Prologis operates, the beliefs of management and the assumptions made by management. Such statements involve uncertainties which could have a material impact on the financial results of FIBRA Prologis. Words such as “expects”, “anticipates”, “intend”, “plans”, “believes”, “research”, “estimates”, variations of these words and similar expressions are intended to identify these forward-looking statements, which generally are not of a historical nature. All statements that deal with operating performance, events or developments that we anticipate or anticipate will occur in the future – including statements relating to rental and occupancy growth, acquisition activities, development activities, disposal activities, general conditions in geographic areas, debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe that the expectations reflected in forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved and, therefore, actual results and results may differ materially from what is expressed or expected in these forward-looking statements. statements. Some of the factors that may affect results and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and exchange rate, (iii) increased or unforeseen competition for our properties, (iv) risks associated with acquisitions, disposals and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring , (vi) availability of financing and capital, the debt levels we maintain and our credit ratings, (vii) the risks associated with our investments (viii) environmental uncertainties, including the risk of natural catastrophes, ( ix) the risks associated with the coronavirus pandemic, and (x) the additional factors discussed in the reports filed with the “Comisión Nacional Bancaria y de Valores” and the Mexican Stock Exchange by FIBRA Prologis under the section “Risk factors”. FIBRA Prologis assumes no obligation to update any forward-looking statements appearing in this press release.
Non-Solicitation – Any securities discussed in this document or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in United States the lack of registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities law. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy any of the securities mentioned herein or in the presentations, as the case may be.
SOURCE FIBRA Prologis