MEXICO CITY--(BUSINESS WIRE)--FIBRA Macquarie México (FIBRAMQ) (BMV:FIBRAMQ), owner of one of the largest portfolios of industrial and retail/office property in Mexico, announced today the recent opening activity in two of its retail centers, Tecámac Power Center and MagnoCentro.
At the Tecámac Power Center, FIBRA Macquarie has completed its expansion for Fábricas de Francia, with the store opening one month ahead of schedule. Fábricas de Francia, one of El Puerto de Liverpool SAB’s (Liverpool) brands, occupies approximately 6,800 square meters of newly constructed retail space. Fábricas de Francia provides the shopping center with an additional strong anchor that differentiates it from other shopping centers in Tecámac, an attractive, densely populated market with a growing middle income population located within the Mexico City Metropolitan Area (MCMA). In addition, FIBRAMQ has leased 454 square meters of newly developed adjacent space to other high-quality tenants. With the opening of Fábricas de Francia and the additional retail space coming on-line, the Tecámac Power Center is 98.6% occupied.
MagnoCentro, located in Interlomas, a highly urbanized part of the MCMA, welcomes a new Cinépolis cinema with nine traditional screens and four PLUUS screens - its new luxury concept offering reserved seating, full-service theater dining and a bar. This is Cinépolis’ 4th location within the FIBRA Macquarie retail portfolio, and represents a conversion opportunity to enhance the leisure offering in a high income segment.
“We are delighted to welcome Fábricas de Francia to our Tecámac Power Center a month ahead of schedule and Cinépolis to MagnoCentro. Both companies enhance our merchandise and leisure offerings in the Tecámac and Interlomas communities,” said Juan Monroy, FIBRA Macquarie’s Chief Executive Officer. “We value our growing relationships with Liverpool, a leading chain of department stores, and with Cinépolis, a leading international movie theater operator. These two store openings are a prime example of our customer-centric approach at work. Furthermore, these projects are representative of our ability to deliver redevelopments, expansions and conversions to accommodate our customers’ needs and create additional value in our real estate.”
About FIBRA Macquarie
FIBRA Macquarie México (FIBRAMQ) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRAMQ’s portfolio consists of 277 industrial properties and 17 retail/office properties, located in 24 cities across 19 Mexican states as of June 30, 2016. Nine of the retail/office properties are held through a 50/50 joint venture with Grupo Frisa. FIBRAMQ is managed by Macquarie México Real Estate Management, S.A. de C.V. which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. For additional information about FIBRAMQ, please visit http://www.fibramacquarie.com.
Macquarie Infrastructure and Real Assets is a business within the Macquarie Asset Management division of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. Macquarie Infrastructure and Real Assets has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$104.6 billion of total assets under management as of March 31, 2016.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,400 people and has assets under management of $367 billion (as of March 31, 2016). For more information, please visit http://www.macquarie.com.