Initial Purchasers in a Ps. 4.23 Billion Follow-On Offering by Maquarie Mexican REIT

September 23, 2014

Cleary Gottlieb represented the initial purchasers in the global follow-on equity offering by Macquarie Mexican REIT, which included a public offering in Mexico and offerings under Rule 144A and Regulation S under the Securities Act of 1933. The deal consisted of an offering of 180,000,000 trust certificates known as certificados bursátiles fiduciarios inmobiliarios. The initial purchasers were Morgan Stanley, Merrill Lynch, J.P. Morgan, Banco BTG Pactual—Cayman Branch, Macquarie Capital and Itaú BBA USA Securities. The offering launched on September 5, priced on September 17 and closed on September 23.

Macquarie Mexican REIT is a real estate investment trust (fideicomiso de inversíon en bienes raices), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) that targets industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. Macquarie Mexican REIT’s portfolio consists of 259 industrial properties and 17 retail/office properties, located in 24 cities across 19 Mexican states. Nine of the retail properties are held through a 50/50 joint venture with Grupo Frisa. MMREIT is managed by Macquarie México Real Estate Management which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services headquartered in Australia.