MEXICO CITY, Nov. 26, 2024 — FIBRA Prologis (BMV: FIBRAPL 14), a leading Mexican owner and operator of Class A industrial properties, successfully completed its tender offer and reciprocal subscription for up to 100% of outstanding Terrafina CBFIs not already owned by FIBRA Prologis (the “Offer“).

The successful offer involved (i) FIBRA Prologis acquiring 100,289,570 Terrafina CBFIs, representing 89.88% of total outstanding CBFIs when combined with those already held, and (ii) issuing 58,167,950 Exchange CBFIs in exchange for tendered Terrafina CBFIs.

The FIBRA Prologis CBFIs offered were not, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or state securities laws. They cannot be offered or sold in the United States without registration or an applicable exemption.

PROFILE OF FIBRA PROLOGIS

FIBRA Prologis is a major owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2024, its portfolio included 514 logistics and manufacturing facilities across six Mexican industrial markets, totaling 89.5 million square feet (8.3 million square meters) of gross leasable area, plus 165 non-strategic buildings covering 24.0 million square feet (2.2 million square meters).

FORWARD-LOOKING STATEMENTS

Statements in this release that are not historical facts are forward-looking statements. These statements are based on current expectations, estimates, projections about the industry and markets, management’s beliefs, and assumptions. They involve uncertainties that could significantly affect FIBRA Prologis’ financial results. Words like “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify these forward-looking statements, which are generally not historical. All statements addressing future operating performance, events, or developments—including those related to the Offer—are forward-looking. These are not guarantees and involve risks, uncertainties, and assumptions that are hard to predict. While we believe our expectations are reasonable, we cannot guarantee their attainment, and actual results may differ materially. Factors that could affect outcomes include: (i) national, international, regional, and local economic conditions; (ii) changes in financial markets, interest rates, and foreign currency exchange rates; (iii) increased or unexpected competition; (iv) risks related to property acquisitions, dispositions, and development; (v) maintaining real estate investment trust (“FIBRA“) status and tax structure; (vi) financing and capital availability, debt levels, and credit ratings; (vii) investment-related risks; (viii) environmental uncertainties, including natural disasters; and (ix) factors discussed in reports filed with the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, the “CNBV“) and the Mexican Stock Exchange. FIBRA Prologis does not commit to updating forward-looking statements. The CNBV or any other authority has not approved or disapproved this release’s content or the accuracy of the information.

 

SOURCE FIBRA Prologis