The Firm recently represented FIBRA Prologis in connection with its initial public offering of 258,000,000 Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios, or “CBFIs”), which were listed on the Mexican Stock Exchange. The CBFIs were offered to the public in Mexico, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. FIBRA Prologis used the proceeds in connection with its acquisition, simultaneously with its initial public offering in Mexico, of its initial portfolio, consisting of 177 logistics and manufacturing facilities in six industrial markets in Mexico totaling 29.7 million square feet of gross leasable area.
FIBRA Prologis is a real estate investment trust (fideicomiso de inversión en bienes raices, or “FIBRA”) targeting manufacturing and logistics real estate opportunities in Mexico. FIBRA Prologis will be managed by Prologis Property México, S.A. de C.V., a Mexican affiliate of Prologis, Inc.. Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of March 31, 2014, Prologis owned or had investments in, on a wholly-owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries. Prologis leases modern industrial facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
The Simpson Thacher team in connection with the initial public offering included David Williams, Kirsten Davis, Matthew Levy, Grant Manning, Gustavo Silva Cano (Capital Markets); Glenn Sarno, Lisa Klar, Chi Shum, Wei Guo (Private Funds), Nancy Mehlman and Adam Wells (Tax) and Jeanne Annarumma (Executive Compensation and Employee Benefits).