MEXICO CITY Jan 17 Mexican real estate
investment trust (REIT) Terrafina said on Tuesday it had
acquired two portfolios comprising a total of 51 properties for
$422 million to strengthen its position in the manufacturing
sector in Mexico.
The firm, Fibra Terrafina, said in a statement
the portfolios were located in northern and central Mexico.
The REITs, known in Mexico as Fibras, issue certificates
that function in a similar way to shares on the local stock
exchange, and allow investors to participate in the Mexican
property market without owning buildings.
(Reporting by Noe Torres; Editing by Lisa Shumaker)