Prologis Targets December Pricing

Prologis is looking at a mid-December pricing for the IPO of its Fibra real estate fund, according to people following the deal, expected to officially launch as soon as the first week of November. The US property manager’s Prologis Property Mexico fund is to initially hold 177 manufacturing and logistics properties in several Mexican cities, according to regulatory documents. The size and exact timing remain to be determined. Banamex, Banorte-Ixe, Actinver and Credit Suisse are managing the transaction.