Real Estate transactions


We represented Public Sector Pension Investment Board, in the sale to Inmobilia of its 87% interest in the shopping center known as "The Harbor", in Mérida, Yucatán.

CLIENT:

PSP (Public Sector Pension Investment Board)

PRACTICE AREA:

Mergers and Acquisitions

Real Estate

CLOSING DATE:

November 2023

VALUE:

ND

OTHER FIRMS:

Creel, García-Cuellar, Aiza y Enriquez - Counsel to Inmobilia Management I.


We represented Thor Urbana Capital, in the negotiation of a financing by BBVA and Banorte for the development, construction, and launch of a hotel to be operated under the brand "Ritz-Carlton Reserve Siari", located in the Riviera Nayarit, Mexico.

CLIENT:

Thor Urbana Capital

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Creel, García-Cuellar, Aiza y Enriquez - Counsel to BBVA México


We represented Artha Capital, in the sale to Terrafina of an industrial portfolio in Tijuana, comprising 8 industrial buildings and additional land, and an industrial portfolio in Toluca, comprising 2 industrial buildings and additional land.

CLIENT:

Artha Capital

PRACTICE AREA:

Real Estate

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Creel, Garcia-Cuéllar, Aiza y Enríquez represented Terrafina, who acted as buyers.


We represented Public Sector Pension Investment Board in the sale to an affiliate of Walton Street Capital of a real estate portfolio comprising 61 "Class A" industrial buildings, with over 10.4 million ft2 of gross leasable area.

CLIENT:

Public Sector Pension Investment

PRACTICE AREA:

Real Estate

CLOSING DATE:

July 2023

VALUE:

ND

OTHER FIRMS:

Ritch, Mueller y Nicolau, S.C. - Mexican counsel to seller. Fried, Frank, Harris, Shriver & Jacobson - United States counsel to seller. Greenberg Traurig - Mexican counsel to buyer. Greenberg Traurig - United States counsel to buyer.


We represented CIM Group in the sale to Be Grand of its 50% interest in the real estate portfolio of Nomad, which includes three housing developments in Monterrey, Nuevo León, known as Garza Sada, La Capital, and Latitud, and three housing developments in Mexico City, known as Lago Alberto, Santa Fe, and Mitikah, for an approximate amount of MXN$1,530 million.

CLIENT:

CIM Group

PRACTICE AREA:

Mergers and Acquisitions

Real Estate

CLOSING DATE:

July 2023

VALUE:

MXN$1,530 millones


We represented Thor Urbana Capital, in the acquisition of an industrial portfolio comprising 11 industrial properties and a land reserve for construction with a surface of approximately 335,000 m2, as well as in the negotiation of a credit agreement to finance the acquisition by Scotiabank and BBVA. 

CLIENT:

Thor Urbana Capital

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

March 2023

VALUE:

ND

OTHER FIRMS:

Nader Hayaux & Goebel - External Legal Counsel to Advance Real Estate (seller) Galicia Abogados - Banks' external legal counsel in the financing


We represented Fibra MTY, in the acquisition of an industrial portfolio comprising 46 properties with a gross leasable area of approximately 882,252 m2 located in 11 Mexican states and land reserve with an area of approximately 882,723 m2, for a value of USD$768 million (including VAT and closing taxes and expenses). 

CLIENT:

Fibra MTY

PRACTICE AREA:

Real Estate

CLOSING DATE:

March 2023

VALUE:

USD$768 million

OTHER FIRMS:

Creel, García-Cuellar, Aiza y Enriquez, S.C., representando a FINSA y Walton Street Capital


We represented Fibra MTY, as borrower, in connection with an unsecured credit agreement of up to USD$300 million entered into by and among (i) Banorte, as lender and sole bookrunner and lead arranger, (ii) lenders from time to time party thereto, (iii) guarantors from time to time party thereto and (iv) Banamex,  Divisón Fiduciaria, as administrative agent.

CLIENT:

Fibra MTY

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

March 2023

VALUE:

USD$300 million

PROFESSIONALS:

OTHER FIRMS:

Milbank, LLP - Co-counsel Creel, García, Cuéllar, Aiza y Enríquez, S.C. - Local counterparty Skadden, Arps, Slate, Meagher & Flom, LLP - US counterparty


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