Macquarie REIT To Pay $149M For Mexico City Properties

Law360, New York (September 3, 2013, 1:39 PM EDT) -- A Mexican real estate investment trust controlled by Macquarie Group will snap up two Mexico City retail properties from Fondo Comercial Mexicano for 2 billion pesos ($149 million), Macquarie said Tuesday.

The Macquarie Mexican REIT agreed to purchase the Tecamac Power Center and Coacalco Power Center, which have a combined 1.45 million square feet of gross leasable space, from Fondo Comercial. The REIT will fund the acquisition with a combination of cash on hand and a new debt facility, it said.

"We are pleased to announce...
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