MEXICO CITY--(BUSINESS WIRE)--Macquarie Mexican REIT (MMREIT) (BMV:FIBRAMQ) today announced the signing of a 133,168 square foot (12,372 square meter) lease in Ciudad Juarez, including a 98,328 square foot (9,135 square meter) expansion of a previously leased space.
“We are very pleased with the continued momentum we are seeing in the northern market of Ciudad Juarez,” said Jaime Lara, Chief Executive Officer, MMREIT. “This momentum has translated into a number of tenant leasing wins as well as existing tenant expansions. We view the pace at which the vacated buildings were re-let as a further endorsement of the attractivenessof the Ciudad Juarez market.”
Signing of the new 5-year lease extension completes the re-leasing of the 502,000 square feet (46,637 square meters) of industrial space that had been vacated in December 2012. MMREIT received a 38-month payout as part of the vacated space’s early termination agreement in the fourth quarter of 2012. MMREIT was able to lease 70% of that space within five months of it becoming available, with the remainder signing in September 2013.
Since June 30, 2013, MMREIT has signed a total of 353,956 square feet (32,884 square meters) of new leases and existing tenant expansions.
About Macquarie Mexican REIT
Macquarie Mexican REIT (MMREIT) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversíon en bienes raices), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. MMREIT’s portfolio consists of 259 industrial properties located in 21 cities across 15 Mexican states (as of October 17, 2013). MMREIT is managed by Macquarie México Real Estate Management, S.A. de C.V. which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. For additional information about MMREIT, please visit www.macquarie.com/mmreit.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,660 people and has assets under management of over US$362 billion (as of March 31, 2013).
Macquarie Infrastructure and Real Assets, a division of Macquarie, is a leading global alternative asset manager specializing in investments across infrastructure, real estate, agriculture and energy. Macquarie Infrastructure and Real Assets manages 49 funds with US$101 billion of assets under management across 25 countries (as of March 31, 2013).
Cautionary Note Regarding Forward-Looking Statements: This release may contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ significantly from these forward-looking statements.
THIS RELEASE IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES, AND SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED.
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