Mexico's Fibra Uno REIT Pays $1.8B For Commercial Portfolio

Law360, New York (July 15, 2013, 7:35 PM EDT) -- Mexican real estate investment trust Fibra Uno has agreed to buy a portfolio of commercial properties from MRP Group LP for 23.2 billion pesos ($1.81 billion), according to a release filed Monday with Mexico's exchange.

The deal includes 49 properties with about 10.7 million square feet of leasable space that the REIT expects to generate $1.4 billion in annual revenue. A general meeting of shareholders approved the transaction, but it remains subject to approval by antitrust authorities, according to Fibra Uno.

“To Fibra Uno, this acquisition...
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