MEXICO CITY, Dec. 14, 2018 /PRNewswire/ -- FIBRA Prologis
(BMV: FIBRAPL14), one of the leading owners of Class-A logistics
real estate in Mexico, today
announced the acquisition of 662,500 square feet of Class-A
logistic space in Monterrey for a
total investment of US$34.9 million,
including closing costs. The property is in the Apodaca
sub-market and leased entirely to a global brewer for 15 years.
"This acquisition is consistent with our investment strategy of
acquiring high-quality assets in Mexico's most dynamic markets," said
Luis Gutierrez, CEO, Prologis
Mexico. "The state-of-the-art facility, located inside Prologis
Park Apodaca is another example of our ability to attract and
maintain long-standing relationships with high-profile
customers."
ABOUT FIBRA PROLOGIS
FIBRA Prologis is one of the leading owners and operator of
Class-A industrial real estate in Mexico. As of September
30, 2018, FIBRA Prologis comprised 197 logistics and
manufacturing facilities in six industrial markets in Mexico totaling 34.9 million square feet (3.2
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 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, and (ix) 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