FIBRA Nova will carry out the right offering of up to 137,931,034 (one hundred and thirty seven million nine hundred and thirty one thousand and thirty four) Additional CBFIs for an amount of up to Ps. 4,000,000,000.00 (four billion pesos) at a subscription price per Additional CBFI equivalent to Ps. $29.00 (twenty nine Pesos 00/100 M.N.) per CBFI. FIBRA Nova will use the proceeds of the Additional Offering for general corporate purposes.
Fibra Nova announces to the investing public that, in a protocol event held last Tuesday, January 30th, the delivery of a new production plant took place at the Agroindustrial Complex located in La Piedad, Michoacán. This facility is leased to the food division of Grupo Bafar. The construction of these facilities required an investment of just over $15.5 million dollars and comes with a 10-year triple net lease agreement in pesos.
Fibra Nova announces the issuance of an additional 17,758,621 CBFIs at a price of $29.00 per CBFI, for a total amount of $515,000,009.00 mexican pesos, to cover the consideration related to the acquisition of an agroindustrial property, in line with the authorization granted by the Bondholders' Meeting held on December 14, 2023. This property is located in the municipality of Chihuahua and is leased for a period of 15 years under a triple net (NNN) lease agreement in dollars.
The purchase price was agreed upon at the amount of $412.8 million mexican pesos, plus taxes and closing corresponding expenses, an amount that was settled by delivering 14,233,063 CBFIs, using a reference price of $29 mexican pesos per CBFI. This price corresponds to the CBFI price determined in the last subsequent public offering (follow-on) conducted by Fibra Nova on May 30, 2023. On these 50 hectares, we will develop a new industrial park - North Technology Park - which would require an approximate investment of over $250 million dollars over the next five years.
This was the first public offering in Mexico where investors submitted their orders 100% digitally through the GBM+ platform, with over 21,000 orders assigned and the participation of more than 18,000 investors. Through this offering, Fibra Nova placed over 2,721 million pesos with a total of 93,854,356 CBFIs at a unit price of $29.00 pesos. The settlement of the offering will take place on Friday, June 2, 2023. The subsequent public offering was carried out under Fibra Nova's placement program for CBFIs and long-term trust certificates (CEBUREs), authorized by the National Banking and Securities Commission.
Fibra Nova signed a binding agreement for the acquisition of 50 hectares located in Chihuahua city for the development of an industrial park. This land is developed with energy service of 3,700 KVAs and 20 liters per second of water service. The new park will be developed in the next four years and would require an investment of approximately $180 million dollars. The estimated purchase price was agreed around $22 million dollars, plus the corresponding taxes, costs and closing expenses, and will be settled through the issuance of CBFIs.
Fibra Nova will develop a 239,445 square feet Build to Suit facility to ZF Electronic Systems in Juarez, Mexico. This industrial property will be developed in two phases, starting with 151,640 square feet in 2023 and an expansion of 87,805 square feet by 2024. ZF is a global technology company and supplies systems for passenger cars, commercial vehicles, and industrial technology with headquarters in Friedrichshafen, Germany and serving markets worldwide.
Fibra Nova has signed with BRP for the extension of the lease agreement for 3 additional years, ending on December 2025. The 86,254 sqft facility is located in Juarez. BRP is a multinational manufacturer of recreational vehicle services with over 14,000 employees.
Fibra Nova has signed with the multinational company Electrolux for the extension of the lease agreement for 13 additional years, ending on December 2035. The 191,877 sqft. facility is located in Juárez, in the Bafar Industrial Park.This agreement confirms the confidence of our tenants to continue working with us.
Fibra Nova has signed an agreement with RR Donnelley for the extension of the lease and improvements on the property in Ciudad Juarez. This agreement restart the lease term for 5 years from the date of substantial delivery of the improvements with the option of three additional renewal periods for 3 years each. RR Donnelley is an American Fortune 500 integrated communications company that provides marketing and business communications, commercial printing, and related services.
Fibra Nova has signed with Essilor a 10-year lease agreement for a 258,850-sqft industrial building which will be developed in the land bank of the Bafar Technology Park located in the city of Chihuahua. Essilor is a multinational manufacturer of corrective lenses, pre-assembled sunglasses and eyeglasses, as well as in optical instruments and equipment components with operations in North America, Europe and Asia through 32 facilities and over 69,000 employees.
Fibra Nova signed a modifying agreement with Estra Automotive for the extension of the lease. This agreement contemplates the expansion of the leased property in Monterrey by 3,081 additional square feet and it is agreed to restart the lease term for 5 years from the date of substantial delivery of the new development with the option of two additional renewal periods for 3 years each. With this extension the GLA will total 53,311 sqft.
Fibra Nova signed a binding agreement for the acquisition of 7.3 hectares to add a total of 21-hectares of land bank adjacent to Bafar Technology Park in Chihuahua, city. This land is fully developed with energy, water and natural gas services.
Fibra Nova signed with BWI a 12-year lease agreement for a 120,000-sqft industrial building located in the city of Chihuahua. BWI is a multinational manufacturer of automobile components with operations in Europe, Asia and North America. With this second facility BWi reached 180,000 square feet in Bafar Technology Park.
Fibra Nova closed the purchase of the 32.7 hectare land previously announced from Electrolux.
Fibra Nova signed a modifying agreement with Legget & Platt for the extension of the lease. This agreement contemplates the expansion of the leased property in Ciudad Juárez by 7,435 additional square meters and it is agreed to restart the lease term for 5 years from the date of substantial delivery of the new development with the option of two additional renewal periods for 3 years each.
Fibra Nova signed a binding agreement with the multinational company Electrolux, for the purchase of 32.7 hectares in Cd Juarez for the development of an industrial park, this property is fully developed with more than 17,000 KVAs and more than 15 liters per second in water service. This new park will be developed in the following four years and would require investment resources of $175 million dollars in the next 3 years.
Fibra Nova signed a 7-year lease for a 163,292 square feet Build to Suit property in Ciudad Juárez. The lessee is one of the most important support services companies in northern Mexico and serves various companies in the region’s export industry.
Fibra Nova signed a 10 years lease agreement for a 281,738 sqft building in Reynosa, Tamaulipas with a total investment of $19.7 million dollars. The lessee is a subsidiary of Fortune Brands, a publicly traded company listed in the New York Stock Exchange with headquarters in Deerfield, IL and is a leading home products with presence in North America, Europe and Asia with over 27,000 employees.
Fibra Nova signed a 10 years lease agreement with Stanley Black & Decker for a 499,000 sqft building in Hermosillo, Sonora with an investment of $36.5 million dollars. The lessee is a publicly traded company listed in the New York Stock Exchange with headquarters in New Britain, Connecticut, is one of the largest manufacturers of hand & industrial tools and engineered fastening systems with presence in 60 countries around the world with over 53,000 employees.
Fibra Nova signed a ten-year lease agreement with Lear Corporation for a building in Ciudad Juarez. The tenant is a New York Stock Exchange-listed company headquartered in Southfield, Michigan, is one of the largest manufacturers in the automotive industry with a presence in 39 countries around the world and more than 161,000 employees.
The property will be a manufacturing BTS with a premium location in one of the most dynamic border cities in Mexico, where Fibra Nova will continue to consolidate its industrial portfolio. This transaction will increase the annualized dollar revenues of the portfolio from 39% to 42%.
Fibra Nova signed a binding agreement with a promise to purchase for a 192 thousand square feet industrial building located in Cd Juarez leased to the transnational Electrolux, due diligence will be completed by the end of the first quarter at the latest.
With this transaction, the annualized dollar revenues of our portfolio will increase from 42% to 45%. During the first 45 days of the year 2021, the new investments we have announced reached US$33 million.
Fibra Nova announced a seven-year triple net lease for a new 127,000 square feet manufacturing building in Reynosa, Tamaulipas. With a total investment of US$7.5 million, the tenant is a privately held U.S. electronics company with a presence throughout the Americas.
With this new lease agreement, Fibra Nova achieves annual revenue growth of 10.5% as a result of the new contracts signed during 2019, all of which are in U.S. dollars.
Fibra Nova has signed a new five-year lease, commencing March 1, 2020, for the lease of a 165,000 square feet building in the city of Juarez. The tenant is an American public company listed on the New York Stock Exchange with annual sales of USD$8.7 billion.
Fibra Nova achieved annualized revenue growth of 12% during the last twelve months. Revenues in U.S. dollars rose from 21% to 39%
Fibra Nova announces the execution of a new ten-year lease commencing May 2021 for a 19,000 square feet BTS corporate office building in Chihuahua City. The Tenant is an American automotive company listed on the New York Stock Exchange.
With this new lease Fibra Nova continues to expand its portfolio in the north of the country.
Fibra Nova signed a five-year lease for 60 thousand square feet with a multinational automotive manufacturing company specializing in chassis, suspension and brake products for the global market. The tenant has manufacturing facilities and technical centers in Europe, Asia and North America.
The building is under construction in the city of Chihuahua and will be delivered in April 2021.
Fibra Nova signed a lease agreement with an initial term of ten years for the construction of a 22,500 m2 building, which includes 6,000 m2 of office space for software design in Querétaro, QRO. The project includes 450 parking spaces.
Visteon Corporation signed a long-term lease agreement with Fibra Nova for the expansion of its Services plant located in the Bafar Technological Park in Chihuahua, Chih, Mexico. The new contract will have the same conditions as the initial contract, triple net, rents in dollars and a term of 9 years.
Visteon Corporation is a leading U.S.-based manufacturer of automotive components such as audio and multimedia systems, entertainment systems, instrument panels, navigation solutions, security systems and software. Its corporate offices are located in Van Buren Township, Michigan, U.S. and some of its major customers include Ford, Honda, Mazda, Nissan and Toyota.
The office complex in the city of Querétaro is the latest real estate development of a group of three properties in one of the country's most dynamic plazas. The complex comprises a total of 40,905 square meters of construction space.
Fibra Nova announces the signing of a contract for the construction of UNITEC Campus Guadalajara Phase 3. The lease term is for 9 years, in a triple net agreement. The total built area will reach 158,000 square feet.
The Mexican subsidiary of Laurete International Universities - UNITEC in Guadalajara has an enrollment of more than 1,200 students in 20 different programs including nutrition, nursing, physical therapy, among others.
Fibra Nova announces that it has entered into a three-year agreement for the lease of an 86,223 square feet industrial warehouse in Ciudad Juarez.
The lessee is a public company listed on the TSX Composite Index and NASDAQ in the United States and headquartered in Canada. It has a worldwide presence with more than 12,000 employees and is a leading manufacturer of recreational vehicles.
Fibra Nova will make an investment of US$5.8 million for the development of this project.
Fibra Nova has signed a lease agreement for the construction of a new 58,526 square feet office complex in the city of Querétaro. This complex includes 150 parking spaces.
The lessee is a public company listed on the TSX Composite Index and NASDAQ in the United States and headquartered in Canada. It has a worldwide presence with more than 12,000 employees and is a leading manufacturer of recreational vehicles.
Fibra Nova will make an investment of US$5.8 million for the development of this project.
Matthew Cole, Visteon Senior Vice President of Product Development; Liseth Reyes, Visteon Site Leader; Marco Antonio del Prete, Secretary of Development of the State of Queretaro; Francisco Dominguez Servin, Governor of the State of Queretaro; Francisco Vazquez, Visteon Project Leader, among other dignitaries, celebrated the inauguration ceremony of Visteon's new 22,770 square meters facility that includes 6,000 square meters of office space on two floors and 450 parking spaces.
Fibra Nova has signed a five-year lease for a build-to-suit manufacturing property in Ciudad Juarez at an annual rent of US$786,000 under triple net terms. The tenant is a U.S. company listed on the Nasdaq Index and has a presence around the world.
Fibra Nova continues to expand its industrial portfolio in dynamic markets with this new investment in the city of Juarez.
Fibra Nova acquired a land reserve for the development of its new Industrial Park in Cd. Juarez, which will be located on Blvd. Independencia, identified as the area with the most industrial activity.
Ciudad Juarez is the second city in Mexico with the second largest number of IMMEX (Manufacturing, Maquiladora and Export Services Industry) companies, especially in the electronics, automotive and medical sectors.
Banco Actinver, S.A. Institución de Banca Múltiple, Grupo Financiero Actinver Trustee of Trust F/2870 or Fibra Nova (BMV: FNOVA) Mexican infrastructure and real estate trust announces today to the investing public that it has signed a lease agreement with Alt Technologies for a 62 thousand square feet custom-built building in the city of Chihuahua and the development of a new industrial park in Ciudad Juarez.
Fibra Nova signed a contract with Leggett & Platt Inc. for the lease of a 257,000 sq. ft. manufacturing building in Ciudad Juarez, Chihuahua.
Leggett & Platt Inc. is a publicly traded company listed on the New York Stock Exchange (LEG) founded in 1883 with 14 business units, 22,000 employees and 120 operations in 18 different countries. Among its main products are components and machinery for bedding, automotive seat supports, components for home and office furniture, high carbon steel wire, among others.
Laurate International is a privately held company based in Baltimore, USA with more than 80 campuses, face-to-face and online, in more than 28 countries; providing its programs to more than one million students.
Laurate's subsidiary, UNITEC, began operations in Querétaro City in a 7,500 square meters building, the third Laurate project that is part of Fibra NOVA after the Chihuahua and Guadalajara Campus.
Erae, a Korean company dedicated to the manufacture of components for the automotive industry, operates in Apodaca, Nuevo Leon.
The building has a construction area of 4,666 square meters and is part of Fibra NOVA's portfolio.
CEMEX, a global building materials company with a presence in more than 50 countries, annual sales of US$14.3 billion and more than 43,000 employees, began operations in a 1,000 square meters office space in Querétaro City owned by Fibra Nova.
Visteon Corporation, a leading designer, engineer and manufacturer of electronic components for vehicles headquartered in Van Buren Township, Michigan signed a lease for a 115,000 sq. ft. custom manufacturing building in Reynosa, Tamaulipas.
As of August 2017 FIBRA NOVA begins its participation in the Mexican Stock
Exchange including 81 properties with a rentable area of 217,562 square
meters in 19 cities in Mexico.
FIBRA NOVA's portfolio includes offices, university campuses, logistics,
manufacturing and retail buildings with annual net operating revenues of
$210 million pesos. FIBRA NOVA's clients include RR Donnelly, Beckers,
Truper, Visteon, Universidad del Valle de Mexico, Carnemart among others.
1) Grupo Bafar's production plant in La Piedad Michoacán with a total area of 10,000 square meters started operations. The property owned by FNOVA was tailor-made for Grupo Bafar with an investment of more than $636 million pesos under a 10-year contract.
Truper is a Mexican company, one of the leading tool manufacturing companies with more than 9,000 products distributed in more than 60 countries around the world.
Truper begins distribution operations in Guadalajara in a 7,000 square meters building owned by Fibra NOVA.
Dieter Holtz, President of Laureate Mexico; Manuel Campuzano, Rector of UNITEC; Guillermo Medrano, CEO of Fibra NOVA; students and their families as well as government authorities gathered to celebrate the inauguration of the Mexican subsidiary of Laureate- UNITEC campus Guadalajara. The university campus is located in the Tlaquepaque area and has a construction area of 9,500 square meters. UNITEC will house more than 1,200 students in 15 different programs including nutrition, nursing, physical therapy, among others.
Weiss-Aug Co. Inc. a North American company headquartered in East Hanover, NJ began operations in a custom-built 2,638 square meters building at the Airport Industrial Park in Apodaca, Nuevo Leon. This building will be the first manufacturing operation outside of the United States for Weiss-Aug Co.
Hakkai, a Japanese company, held an opening ceremony for its first manufacturing plant in Mexico, located at the Airport Park in Apodaca, Nuevo Leon.
Hakkai produces sensors and gears for the automotive industry, generating more than 300 jobs. Akihiko Seki, president of Hakkai Mexico, said that they selected the state of Nuevo Leon for its geographic location and skilled labor force.
Sachin Lawande, President and CEO of Visteon; Sunil Bilolikar, Visteon Group Vice President and Operations; Raul Sigala, Director of Operations of America; Eugenio Baeza, General Director and CEO of Bafar; and the Governor-elect of the State of Chihuahua, Javier Corral, along with other authorities and guests celebrated the inauguration of the Visteon plant with a construction area of 25,000 square meters located in the Technology Park in the south of the city.
