Fibra Uno Continues Spending Equity Proceeds

Fibra Uno has spent MXP3.8bn ($296m) on new properties, the real estate fund says. The portfolio includes eight office properties and a Hilton Hotel in Mexico City and a shopping center under construction in Aguascalientes. Fibra Uno plans to pay MXP2.63bn in cash and the remainder in shares. Looking ahead, the fund is considering a domestic bond this year to get a leverage ratio around 30%, from 25%, after funding itself through equity sales. It raised $1.73bn-equivalent in a January follow-on, adding to the $1bn it raised in previous transactions.