Today's Date: May 9, 2021
Graymoor Ecumenical and Interreligious Institute Shares Theme for 2022 Week of Prayer for Christian Unity   •   Sen. Jon Ossoff Announces that Clark Atlanta University Will Receive Approximately $16.4 Million from the American Rescue Plan   •   Mother's Day: Xi Inspired by His Mother in Shaping Outlook on Life, Governance   •   Publix Accepts Walk-in Customers for COVID‑19 Vaccinations in All Seven of Its States   •   IPG Mediabrands Shares Media Equity Commitment to Encourage Investment in Black-Owned Media   •   Short documentary Dear Georgina spotlighting life of Passamaquoddy elder streaming launch May 7   •   The Tech Convenes Top STEM Professionals to Advise Young Women on Career Paths   •   Skypod Supports American Pregnancy Association   •   Hello Sunshine’s Fair Play Brand, Glamour and CVS To Host “Dare to Self-Care” Virtual Wellness Event on May 10   •   UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes   •   MedShare to Give Expectant Mothers in Underserved Bay Area Communities Access to State-of-the-Art Philips Ultrasound Imaging Sol   •   HCSS Hosts TWU Houston 2021 Graduation With Drive-Through Event   •   Supporting Local Communities: PG&E Contributes $200,000 to Celebrate and Support the Asian American Pacific Islander Communi   •   Six Flags Hurricane Harbor to Reopen May 15   •   United Way of King County Launches New Campaign to Address Growing Food Insecurity Due to Pandemic   •   CGTN: How does Xi Jinping express gratitude and love to his mother?   •   Minister Miller talks about mental wellness during the pandemic   •   Waldencast Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Redeemable Warrants Commencing Ma   •   Women in Manufacturing Association Announces “Moms in MFG,” a New Event for Moms Working in the Manufacturing Sector   •   AHF Issues $100M Homeless Challenge to Mayor Garcetti, L.A. City Council in New L.A. Times Ad
Bookmark and Share

FIBRA Prologis Acquires 95,852 Square Feet of Logistics Space inside Mexico City

FIBRA Prologis Acquires 95,852 Square Feet of Logistics Space inside Mexico City

PR Newswire

MEXICO CITY, April 19, 2021 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the acquisition of 95,852 square feet of infill, logistics space in Mexico City for a total investment of Ps$237 million, including closing costs, capital improvements and equity carry. The property is in Vallejo, Northern Mexico City, surrounded by good in–place infrastructure, public transportation, and specialized labor force.

"We believe Vallejo is an efficient and well–located submarket for accommodating institutional customers willing to maintain operations within a close range of the city's top consumption centers," said Luis Gutierrez, CEO, Prologis Mexico. "In line with our urban, Last Touch® strategy, this property will provide us the ability to address an unfulfilled demand for location–driven new customers interested in e-commerce operations."

ABOUT FIBRA PROLOGIS

FIBRA Prologis is the leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 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, (ix) risks related to the coronavirus pandemic, and (x) 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.

(PRNewsfoto/FIBRA Prologis)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/fibra-prologis-acquires-95-852-square-feet-of-logistics-space-inside-mexico-city-301271854.html

SOURCE FIBRA Prologis



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News