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Mexico: Top real estate trust plans $1.5B takeover spree

 |  October 29, 2014

Mexico’s largest real estate investment trust is reportedly planning on several acquisitions worth a total of nearly $1.5 billion.

Fibra Uno Administracion is reportedly planning to acquire new properties as soon as it earns clearance from the nation’s competition watchdog Cofece. In total, Fibra Uno would gain five portfolios, which include university, retail and office buildings, among other assets.

Reports say a recent acquisition spree of the trust has now launched the company into the top spot in the world’s diversified property trusts.

The company is reportedly planning to launch its next acquisition spree in the bond market in the first half of next year.

Full content: Bloomberg

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