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Mexican real estate investment trust Fibra Mty has completed its acquisition of Fibra Macquarie after securing acceptance from holders of more than 80% of the target company's certificates. The transaction, valued at approximately USD 1.7 billion based on accepted certificates, marks one of the largest consolidation moves in Mexico's REIT sector. Following the announcement, certificates of both entities declined in trading. The acquisition is expected to expand Fibra Mty's consolidated asset base to nearly USD 6.5 billion and pave the way for operational integration and greater scale in the country's commercial real estate market.
Mexican real estate investment trust Fibra Mty has completed its public tender offer for Fibra Macquarie, finalising a transaction valued at approximately USD 1.7 billion based on the certificates tendered by participating holders.
The acquisition was completed after investors representing more than 80% of Fibra Macquarie's outstanding certificates accepted the offer, allowing Fibra Mty to move forward with taking control of the business and integrating its operations.
Following the announcement, Fibra Mty's certificates fell 2.5% in early trading, while Fibra Macquarie's certificates declined around 1%. Market participants appeared to react cautiously despite the successful completion of the transaction.
According to the company, the acquisition will increase Fibra Mty's consolidated asset portfolio to approximately USD 6.5 billion, based on publicly available figures from the first quarter of 2026. The enlarged platform is expected to strengthen the REIT's position within Mexico's industrial, commercial and office real estate segments.
In a company statement issued over the weekend, Fibra Mty said the outcome reflected investor confidence in its long-term growth strategy. The REIT also indicated that it would work closely with Fibra Macquarie's management team to ensure a smooth and orderly transition of operations.
Brokerage firm Actinver noted that acceptance by holders of more than 80% of Fibra Macquarie's certificates effectively clears the path for Fibra Mty to assume control and begin the integration process. The firm maintained its target price of 16 pesos for Fibra Mty and reiterated its "Market Perform" recommendation. Actinver said it remains restricted on Fibra Macquarie.
The acquisition process began in April when Fibra Mty launched its public tender offer for Fibra Macquarie. The deal represents a significant consolidation move in Mexico's real estate investment trust market and further strengthens Fibra Mty's asset base and market presence.
Source Reuters
5th Jun, 2025
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