Simpson Thacher represented Goldman Sachs & Co. LLC, Banco BTG Pactual S.A. – Cayman Branch, Banco Bilbao Vizcaya Argentaria, S.A., and BofA Securities, Inc., as global coordinators, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC and Scotia Capital (USA) Inc., as joint book-runners, in connection with a primary equity offering of 555,000,000 Real Estate Trust Certificates (“CBFIs”) in reliance upon Rule 144A and Regulation S under the Securities Act. FIBRA Monterrey raised approximately Ps. 7.5 billion (approximately US$420 million) in gross proceeds. The CBFIs are listed on the Mexican Stock Exchange under the ticker symbol “FMTY14.”
FIBRA Monterrey was established in 2014 as the first real estate investment trust in Mexico to be fully internally managed and advised, with a focus on the acquisition, ownership, management and development of real estate, primarily in the industrial sector in key real estate markets, including the six largest states in northern Mexico, six states in the Bajío region, and one state in central Mexico. Its portfolio consists of 118 properties located in 13 Mexican states, with an aggregate gross leasable area of two million square meters and an occupancy rate of 96%.
The Simpson Thacher team included Juan F. Mendez, Marcelo B. Lorenzen and Taisa Sani (Capital Markets); and Jonathan Cantor, Kris Liu and Jemma Li (Tax).