Fibra MTY acquires industrial portfolio in Monterrey for US$192.4 million

MONTERREY, NL – Fibra MTY, the first internally managed real estate investment trust in Mexico, announced the acquisition of the industrial portfolio “Batach” in Monterrey. This strategic move, part of its expansion plan, involves a total amount of US$192.4 million, plus taxes and associated costs.

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The portfolio consists of eight class A industrial buildings with a gross rentable area of 185,966 square meters (m2), built on land of 347,306 m2. The transaction, carried out in two phases, included an initial payment of US$119 million for six stabilized warehouses. The remaining two warehouses, currently under construction, will be settled with an additional US$73.4 million upon substantial deliveries in the second quarter of 2025.

These properties are projected to generate net operating income (NOI) of approximately US$14.1 million annually, strengthening the trust’s cash flow.

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Fibra MTY highlighted that this transaction, financed with resources obtained at the beginning of 2024, reinforces its commitment to the growth of its portfolio, as well as the consolidation of quality assets in the main industrial markets of the country, according to Jorge Avalos Carpinteyro, CEO of the company.

The purchase, approved by the Federal Economic Competition Commission (Cofece) and other regulatory entities, is part of Fibra MTY’s portfolio which, as of September 30, 2024, includes 112 properties with an occupancy rate of 96%.

This portfolio has a gross rentable area of 1.76 million square meters and a land reserve of 912,546 square meters, consolidating Fibra MTY as a leader in the industrial and commercial real estate sector.