Free Trial

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
73 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • "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