Mall Fibra Sets Pricing Sights

Fibra Shop, a real estate fund focusing on shopping centers, is scheduled to price its equity offering on July 23, LatinFinance understands. The primary and secondary share offering is set to total around MXP7.4bn ($567m). The deal will be Mexico’s first shopping center-based Fibra. Developers Grupo Cayon, Grupo Aportante Frel and Grupo Central de Arquitectura are placing eight shopping centers in five Mexican states into the portfolio, and raising proceeds to acquire more. Actinver, Bank of America Merrill Lynch, Banorte-Ixe and BTG Pactual are managing.