Fibra UNO (FUNO) reported that its CBFI Holders approved the proposal for a new Real Estate Investment Trust focused on the industrial segment, to capitalize on nearshoring.

They authorized, “the segregation of the portfolio of properties with industrial use or vocation or the rights over said properties of the trust (“Industrial Assets”), with the purpose of taking advantage of the proximity of Mexico with its main commercial partner, the United States of America. America, and the phenomenon of relocation of production and distribution processes to our country known as nearshoring.”

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According to the company, to divide the industrial part, the Industrial Assets will first be contributed to a newly created vehicle, whose main purpose will be to carry out investments or co-investments, including with related parties.

They will then obtain, process and contract new financing and debt with financial institutions in Mexico and abroad to subsequently transfer or assign the corresponding debt, a proportional part of the debt securities issued by the Trust, placed in Mexico or abroad, as well as, bank debt linked to Industrial Assets and their accessories.

Likewise, the issuance will be carried out through a vehicle known as “real estate investment trusts” or “FIBRAs”, of real estate trust stock certificates.

Finally, they register the trust in the National Securities Registry, its listing on the Mexican Stock Exchange, S.A.B. de C.V., its public offering in Mexico and if necessary in the United States of America and other countries in accordance with Rule 144A and Regulation S of said Securities Act of 1933.

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In addition to the approval of the Fiber focused on the industrial segment, the CBFI Holders also approved the Internalization process of the services of the “Real Estate Services Advisor” and the “Representation Services Company”.

As long as they are within a value range of between 9,500 and 10,500 million pesos, or its equivalent in any other legal tender currency in any jurisdiction.

Likewise, the constitution of a Special Ad Hoc Independent Committee made up exclusively of independent members, with proven experience and professionalism.

All this in order to present the owners of said entities with an offer to internalize the services.

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Original note