Terrafina (Terra) announced that it closed the sale of an industrial portfolio for 127 million dollars (MDD), in Mexico, as part of the capital recycling strategy; the amount would be used to pay the debt.

The transaction includes the sale of assets for a total of 3.0 million square feet at market value, located in the North region (45%), El Bajío (48%) and in the Center region (6%).

In a statement sent to the Mexican Stock Exchange, the trust said that as a result of the transaction, the average market value per square foot of the portfolio improves from 56.0 to $ 57.3 dollars.

Complete article (Spanish)