February 04, 2025 13:46 GMT
EM LATAM CREDIT: FUNO Says Authorized for Spinoff, IPO of Industrial REIT
EM LATAM CREDIT
- "Fibra Uno says Nearshoring Experts & Technology, known as NEXT, received a favorable decision from tax authorities to execute an initial public offering of a pure-play industrial REIT, according to a regulatory filing.
- This opens the possibility for FUNO to spin off its industrial portfolio as soon as market conditions allow
As of 3Q24, FUNO’s industrial portfolio encompassed over 6 million square meters of gross leaseble area, with an occupancy rate of 98.4%" - BBG
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