FIBRA Prologis completed the acquisition of a 77% stake in FIBRA Terrafina for MXN26.8bn.

FIBRA Prologis, an owner, operator, and developer of industrial real estate, completed the acquisition of a 77% stake in FIBRA Terrafina, a real estate investment trust focused on acquiring, developing, and managing industrial properties, for MXN26.8bn. Fibra Prologis launched the tender and exchange offer for up to 100% of the outstanding of Terrafina CBFIs on May 17, 2024. Upon expiration of the tender and exchange offer, Fibra Prologis accepted 606.5m Terrafina CBFIs in exchange for MXN11.8bn and 217.2m Fibra Pologis CBFIs. "This investment comes at a unique moment for Mexico, and it demonstrates our long-standing commitment to one of our most important markets. We appreciate the vote of confidence by Terrafina's stakeholders in the quality, sustainability and global connectivity of FIBRA Prologis' logistics portfolio and in our shared future success," Dan Letter, Prologis President.