FUNO® OFFERS TERRAFINA TO COMBINE THEIR INDUSTRIAL REAL ESTATE PORTFOLIOS

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Mexico City, March 11th, 2024

Fibra Uno (BMV: FUNO11) (“FUNO” or “Fideicomiso Fibra Uno”) the leading and largest real estate investment trust in Mexico and Latin America informs that in the continuous search for opportunities that allow us to maximize value in favor of our shareholders. Today, we asked the members of Terrafina’s technical committee (CIBanco, S.A., Institución de Banca Múltiple, as trustee of trust F/00939 “Terrafina”) to submit to the approval of its shareholders, our expression of interest to consolidate FUNO’s industrial assets in a subsidiary vehicle to be controlled between Terrafina and FUNO®, as well as the contribution of the Júpiter Portfolio, property of our FUNO’s founding partners, to Terrafina, through a capital increase or any other mechanism that we agree with Terrafina and its shareholders at an equal NOI multiple for all properties. The entire transaction would be carried out at equal multiples, whereby we estimate that the equivalent price per Terrafina’s CBFI will be around $49.63 pesos.

We are convinced that this investment opportunity will be very well received by Terrafina’s shareholders, which is why we ask the members of Terrafina’s technical committee to convene a CBFI’s holders meeting as soon as possible to analyze and, where appropriate, approve the joint investment agreements.

We will respect the timing in which Terrafina makes public the terms of our expressed interest, and we will be attentive to the respective announcement so that we can work together on implementing the transaction for the benefit of ours and their shareholders.

 

Miranda Newswire: Full Press Release – Download PDF

 

Investor Relations Contact Details

Jorge Pigeon
VP Investor Relations
Phone: +52 55-41-70-70-70
 
Damian Fraser
Miranda IR
Phone: +52 55-5402-1295

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