Prudential Joins Fibra Pack

Prudential Real Estate Investors has added its name to those seeking a Fibra Mexican real estate trust, according to regulatory documents. The trust, to be known as Terra, will initially contain 132 industrial properties and 14 properties in development. The size of the transaction has not been determined. The issuer is targeting the week of March 19 for pricing. Proceeds would provide funds to repay debt and for working capital. Citi and HSBC are managing.