FIBRA Prologis Acquires 873,225 Square Feet of Strategic Logistics Properties

MEXICO CITY, Jan. 10, 2022 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has acquired three buildings from both its sponsor, Prologis, Inc., and other third parties. The acquisitions took place in the latter part of the fourth quarter of 2021 and in early 2022.The buildings, which represent a total investment of US$71.5 million, including closing costs, comprise 873,225 square feet of industrial space and Last TouchA® facilities in Mexico City, Reynosa and Tijuana. "Our exclusive access to our sponsor's pipeline, combined with our ability to acquire strategic properties from third parties, is a true competitive advantage," said Luis GutiA©rrez, CEO, Prologis Mexico. "We continue to position FIBRA Prologis in highly valued submarkets to address manufacturing and nearshoring demand as well as the growing need for modern Last TouchA® logistics facilities."ABOUT FIBRA PROLOGISFIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2021, FIBRA Prologis was comprised of 208 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.6 million square feet (3.8 million square meters) of gross leasable area.