Baker & McKenzie LLP
03/17/2026 | Press release | Distributed by Public on 03/17/2026 07:54
Baker McKenzie advised Fibra MTY in its approximate USD 500 million international equity offering of Real Estate Trust Certificates
Leading global law firm Baker McKenzie announced today that it represented Mexican real estate investment trust FibraMTY in connection with its approximate USD 500 million offering of Real Estate Trust Certificates, also known as CBFIs (Certificados Bursátiles Fiduciarios Inmobiliarios). The offering, which was made internationally pursuant to Rule 144A and Regulation S, was significantly oversubscribed and included the exercise of a "hot deal" option in order to meet high investor demand.
Launched in 2014, FibraMTY acquires, owns and manages industrial, office and retail properties across Mexico with a strategic focus on northern Mexican states. The trust owns properties in 13 Mexican states, covering over 2 million square meters of gross leasable area. The vehicle made its capital markets debut in Mexico in 2015 by raising USD 120 million in an IPO. Fibras are investment vehicles dedicated to the acquisition and development of real estate assets in Mexico.
The CBFIs are listed on the Mexican Stock Exchange. The proceeds received by FibraMTY will be used for the acquisition of additional properties, the payment of maintenance capital expenditures in connection with improvements to its properties and costs related to expansions and other corporate purposes.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the Baker McKenzie team, which also included associates Alejandra Cuadra and Diego Aznar. Additional advice was provided by tax senior counsel Thomas May and tax partner Amir-Kia Waxman.
Other law firms participating on this transaction included Simpson Thacher (as underwriters' New York counsel), Mijares (as issuer's Mexican counsel) and Creel (as underwriters' Mexican counsel).
The global coordinators for the international offering were Goldman Sachs, BTG Pactual, BBVA and BofA Securities.
Baker McKenzie lawyers also represented FibraMTY in a non-US private placement of CBFIs in 2022 and in an approximate USD 500 million offering of CBFIs pursuant to pursuant to Rule 144A and Regulation S in 2024.
Launched in 2014, FibraMTY acquires, owns and manages industrial, office and retail properties across Mexico with a strategic focus on northern Mexican states. The trust owns properties in 13 Mexican states, covering over 2 million square meters of gross leasable area. The vehicle made its capital markets debut in Mexico in 2015 by raising USD 120 million in an IPO. Fibras are investment vehicles dedicated to the acquisition and development of real estate assets in Mexico.
The CBFIs are listed on the Mexican Stock Exchange. The proceeds received by FibraMTY will be used for the acquisition of additional properties, the payment of maintenance capital expenditures in connection with improvements to its properties and costs related to expansions and other corporate purposes.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the Baker McKenzie team, which also included associates Alejandra Cuadra and Diego Aznar. Additional advice was provided by tax senior counsel Thomas May and tax partner Amir-Kia Waxman.
Other law firms participating on this transaction included Simpson Thacher (as underwriters' New York counsel), Mijares (as issuer's Mexican counsel) and Creel (as underwriters' Mexican counsel).
The global coordinators for the international offering were Goldman Sachs, BTG Pactual, BBVA and BofA Securities.
Baker McKenzie lawyers also represented FibraMTY in a non-US private placement of CBFIs in 2022 and in an approximate USD 500 million offering of CBFIs pursuant to pursuant to Rule 144A and Regulation S in 2024.
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