Mexican real estate investment trust Fibra Next announced the successful raising of over $400 million through a capital expansion and bond exchange. The offering, oversubscribed 1.5 times, will accelerate its growth plan amid the nearshoring boom. This bolsters its role in Mexico's industrial real estate sector.
Fibra Next, the Mexican real estate investment trust focused on nearshoring and technology, closed a key transaction that allowed it to raise over $400 million. The deal included a capital expansion and exchange of dollar-denominated bonds, widely demanded by national and foreign investors.
The offering was oversubscribed 1.5 times, with 50 percent of the demand from high-quality international investors. Despite this strong response, Fibra Next allocated only $400 million to maintain financial discipline and avoid excessive dilution for existing investors.
With this placement, the company has raised a total of $835 million in the three months since its listing on the Mexican Stock Exchange. The funds will activate the second phase of the Jupiter portfolio, consisting of industrial properties, and advance a strategic co-investment with Fibra Uno (Funo), simplifying the combined portfolio's financial structure.
This scale provides greater capacity to invest in industrial parks, warehouses, and logistics spaces, amid the nearshoring boom and influx of new companies to Mexico. Fibra Next reaffirmed its commitment to a solid, transparent industrial platform that generates value for investors and Mexico's real estate sector.