| 03-23-2011 08:52 AM CET - Industry, Real Estate & Construction |
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Thompson & Knight Represents First Mexican Real Estate Investment Trust
Press release from: Thompson & Knight LLP
(openPR) - Mexico City – The global law firm of Thompson & Knight has assisted the first real estate investment trust (“REIT”) to be listed on Mexico’s stock exchange. The trust, Fibra Uno, was launched on March 17, 2011, with an initial public offering that raised 3.62 billion pesos (US$300 million).
Fibra Uno sold 185.4 million certificates at 19.50 pesos (US$1.61) each. Additionally, certificates were issued to contributors of the real estate properties by means of a private placement, bringing the total value of the issuance to approximately 8.27 billion pesos (US$686 million). The securities were also placed in global markets in the U.S. and Europe under Rule 144A and Regulation S. The trust will use the proceeds from the global offering to acquire three properties, consolidating an initial portfolio of 16 properties, including both commercial and industrial real estate properties.
Guillermo Uribe led the Thompson & Knight team of attorneys working on the transaction, which included Adrián Gay, Jorge Gonzalez, M. Cecilia Gutierrez-Sansano, Laura Martínez, and Cecilia Zaldivar.
Established in 1887, Thompson & Knight is a full-service firm providing legal solutions to public and private companies, governments, and individuals in all areas, including energy, commercial and tort litigation, finance, banking, securities, mergers and acquisitions, taxation, intellectual property, corporate governance, creditors rights, labor, white collar defense, and environmental matters, among others. We are particularly recognized for our depth of experience and capabilities on behalf of clients in real estate matters, both domestically and around the world. Thompson & Knight has approximately 350 attorneys with offices in Texas and New York and international offices and associations in the Americas, North Africa, Europe, and Asia.
Thompson & Knight LLP
One Arts Plaza
1722 Routh Street, Suite 1500
Dallas, TX 75201-2533
Becky S. Jackson
Chief Client Services Officer
214.969.1478
Fibra Uno sold 185.4 million certificates at 19.50 pesos (US$1.61) each. Additionally, certificates were issued to contributors of the real estate properties by means of a private placement, bringing the total value of the issuance to approximately 8.27 billion pesos (US$686 million). The securities were also placed in global markets in the U.S. and Europe under Rule 144A and Regulation S. The trust will use the proceeds from the global offering to acquire three properties, consolidating an initial portfolio of 16 properties, including both commercial and industrial real estate properties.
Guillermo Uribe led the Thompson & Knight team of attorneys working on the transaction, which included Adrián Gay, Jorge Gonzalez, M. Cecilia Gutierrez-Sansano, Laura Martínez, and Cecilia Zaldivar.
Established in 1887, Thompson & Knight is a full-service firm providing legal solutions to public and private companies, governments, and individuals in all areas, including energy, commercial and tort litigation, finance, banking, securities, mergers and acquisitions, taxation, intellectual property, corporate governance, creditors rights, labor, white collar defense, and environmental matters, among others. We are particularly recognized for our depth of experience and capabilities on behalf of clients in real estate matters, both domestically and around the world. Thompson & Knight has approximately 350 attorneys with offices in Texas and New York and international offices and associations in the Americas, North Africa, Europe, and Asia.
Thompson & Knight LLP
One Arts Plaza
1722 Routh Street, Suite 1500
Dallas, TX 75201-2533
Becky S. Jackson
Chief Client Services Officer
214.969.1478
News-ID: 167707
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10 o'clock: submit release to openPR
Within the briefest possible time release is published and displayed in a prominent place on openPR.de. I am thrilled!
Zehra Spindler, Calypso Now! - Communication Agency

