TERRAFINA signed a binding agreement to acquire twenty Class A industrial properties located in the Northern region of Mexico for US$220 million. The properties has a total of 3.4 million square feet of gross leasable area and the price by square feet was US$63.9. This portfolio has a 100% occupancy and a Cap Rat, for the next 12 months, of 8.5%.

This acquisition is expected to be included in Terrafina’s first quarter 2018 results, generating an annualized Adjusted Funds from Operations (AFFO) increase between 17% and 18%. This transaction will be financed with the proceeds obtained from the follow-on offering, in accordance with previous market communications regarding Terrafina’s 2017 growth strategy.