MEXICO
CITY, July 10, 2024 /PRNewswire/ -- FIBRA
Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A
industrial real estate in Mexico,
has acquired one building from Prologis located in Reynosa for a purchase price of US$26.9 million, including closing costs. The
facility is fully leased in dollars to a current Prologis customer
who is now expanding its operations into Mexico.
"We are on track to meet this year's acquisition guidance. This
acquisition, which is part of Prologis' pipeline and was funded
with cash from recent capital raises, will bring additional value
to our portfolio and shareholders," said Héctor Ibarzabal, CEO,
FIBRA Prologis.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is a leading owner and operator of Class-A
industrial real estate in Mexico.
As of March 30, 2024, FIBRA Prologis
was comprised of 236 logistics and manufacturing facilities in six
industrial markets in Mexico
totaling 46.9 million square feet (4.4 million square meters) of
gross leasable area.
FORWARD-LOOKING STATEMENTS
The statements in this release that are not historical facts are
forward-looking statements. These forward-looking statements are
based on current expectations, estimates and projections about the
industry and markets in which FIBRA Prologis operates, management's
beliefs and assumptions made by management. Such statements
involve uncertainties that could significantly impact FIBRA
Prologis financial results. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," variations of
such words and similar expressions are intended to identify such
forward-looking statements, which generally are not historical
in nature. All statements that address operating performance,
events or developments that we expect or anticipate will occur in
the future — including statements relating to guidance, rent and
occupancy growth, acquisition activity, development activity,
disposition activity, general conditions in the geographic areas
where we operate, our 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 the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic climates, (ii)
changes in financial markets, interest rates and foreign currency
exchange rates, (iii) increased or unanticipated competition for
our properties, (iv) risks associated with acquisitions,
dispositions and development of properties, (v) maintenance of real
estate investment trust ("FIBRA") status and tax structuring, (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (vii) risks related to our
investments (viii) environmental uncertainties, including risks of
natural disasters, (ix) risks related to the coronavirus pandemic,
and (x) those additional factors discussed in reports filed with
the "Comisión Nacional Bancaria y de Valores" and the Mexican
Stock Exchange by FIBRA Prologis under the heading "Risk Factors."
FIBRA Prologis undertakes no duty to update any forward-looking
statements appearing in this release.
Non-Solicitation - Any securities discussed herein or in the
accompanying presentations, if any, have not been registered under
the Securities Act of 1933 or the securities laws of any state and
may not be offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements under the Securities Act and any
applicable state securities laws. Any such announcement does not
constitute an offer to sell or the solicitation of an offer to buy
the securities discussed herein or in the presentations, if and as
applicable.
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SOURCE FIBRA Prologis