Simpson Thacher represented Citigroup Global Markets Inc., Banco BTG Pactual S.A. – Cayman Branch and Goldman Sachs & Co. LLC, as global coordinators, and BofA Securities, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC and Scotia Capital (USA) Inc., among others, as joint bookrunners, in connection with a primary equity offering of 590,579,711 Real Estate Trust Certificates (“CBFIs”) in reliance upon Rule 144A and Regulation S under the Securities Act. FIBRA Monterrey raised approximately Ps. 6.8 billion (approximately US$407 million) in proceeds. The CBFIs are listed on the Mexican Stock Exchange under the ticker symbol “FMTY 14.”
FIBRA Monterrey was established in 2014 as the first real estate investment trust in Mexico to be 100% internally managed and advised, with a focus on the acquisition, management and development of real estate primarily in the industrial, retail and office sectors in the northern Mexican states. Its portfolio consists of 106 properties located in 14 states in Mexico, with an aggregate gross leasable area of 1.6 million square meters.
The Simpson Thacher team included Juan F. Mendez, Marcelo B. Lorenzen and José M. Colin (Capital Markets); Jonathan Cantor, Kris Liu and Mohanad Salaimi (Tax); Owen Lysak and Jack Harrison (UK Funds); and Jeanne M. Annarumma (ERISA).