Macquarie Mexican REIT to Acquire 15 Industrial Properties from Affiliates of DCT Industrial Trust

Macquarie Mexican REIT announced Monday it had reached agreement with affiliates of DCT Industrial Trust Inc.® DCT to acquire a portfolio of 15 industrial properties located across five states in Mexico for US$82.7 million (approximately Ps.1.0 billion)1. Including transaction costs and property tax, the total acquisition value is US$86.3 million (approximately Ps.1.1 billion). “We are pleased to continue building on our existing industrial portfolio with the addition of these strongly performing, fully occupied properties2,” said Jaime Lara, CEO of MMREIT. “The addition of these properties gives us further penetration into key markets such as Monterrey, an important industrial market in Mexico.” See full press release
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidanceContractsManagementM&AGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!