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Top related persons:
Fibra Uno - 2 Noe Torres - 2 Fibra - 1 Adriana Barrera - 1 Isabel Woodford - 1 Michael Perry - 1 Gerardo Copca - 1 Nearshoring - 1
Top related locs:
MEXICO Mexican Mexico U.S Asia Queretaro Guanajuato Jalisco
Top related orgs:
MEXICO CITY - 2 Thomson - 2 Technology - 1 Fibro Uno - 1 New York Stock Exchange - 1 Fibra - 1 Banco Regional - 1 U.S - 1

Search resuls for: "Fibra Uno"


2 mentions found


☆ Mexico's real estate trust Fibra Next eyes $865 mln IPO to cash in on nearshoring
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
Fibra Next, spun off by parent trust Fibra Uno (FUNO11.MX), plans to issue some 277.8 million Real Estate Trust Stock Certificates (CBFIs) in the offering, scheduled for November 28, according to the document dated Tuesday. Fibra Nearshoring Experts and Technology, as Fibra Next is officially known, had reportedly initially been targeting a valuation of $1.5 billion according to media reports last month, pricing it as the largest local IPO since 2018. The funds raised will be used for the acquisition and development of properties, Fibra Next stated in a separate presentation to investors. Fibra Next is tapping in on the real estate buzz from nearshoring - the trend of locating manufacturing capacity in Mexico, closer to the U.S. market, rather than in Asia - to boost profits and economic growth. Another real estate trust, Vesta (VESTA.MX), debuted on New York Stock Exchange earlier this year with a $400 million initial public offering.
Persons: Fibra Uno, Fibra, Noe Torres, Adriana Barrera, Isabel Woodford, Michael Perry Organizations: MEXICO CITY, Technology, Fibro Uno, New York Stock Exchange, Thomson Locations: MEXICO, Mexican, Mexico, U.S, Asia
☆ Mexican businesses warmed by glow of 'nearshoring' dawn
  + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com   time to read: +4 min
MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.
Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas
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