Reported Earlier, Prologis-Sponsored FIBRA Prologis Secures 77.14% Ownership Of Terrafina, Expands Mexican Industrial Portfolio
Portfolio Pulse from Benzinga Newsdesk
Prologis-sponsored FIBRA Prologis has secured a 77.14% ownership of Terrafina, expanding its industrial portfolio in Mexico. This acquisition includes 42.2 million square feet of industrial real estate managed by Terrafina, adding to FIBRA Prologis' existing 46.9 million square feet of logistics and manufacturing facilities.
August 07, 2024 | 6:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Prologis-sponsored FIBRA Prologis has acquired a 77.14% ownership of Terrafina, significantly expanding its industrial real estate portfolio in Mexico.
The acquisition of a significant stake in Terrafina by FIBRA Prologis will likely enhance Prologis' market position in Mexico, potentially driving positive investor sentiment and short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90