FIBRA Macquarie México Closes on Sale of Non-Strategic Assets

Receives initial proceeds of US$61.0 million

US$26.4 million proceeds to be received in subsequent tranches

MEXICO CITY--()--FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ), owner of one of the largest portfolios of industrial and retail property in Mexico, announced today that it has closed on the previously disclosed sale of 35 non-strategic industrial assets for US$80.2 million of cash proceeds (the “Transaction”). Two additional industrial assets with an aggregate value of US$7.2 million remain under contract for sale and are expected to close at a later date.

The sale proceeds of US$80.2 million for the 35 assets are to be received in three tranches. FIBRA Macquarie received US$61.0 million at closing and will receive US$11.2 million and US$8.0 million 18 months and 24 months following closing, respectively. Initial proceeds will be used to fully repay the US$40.0 million outstanding balance on FIBRA Macquarie’s revolver, with the remaining US$21.0 million held as unrestricted cash.

The Transaction includes properties located in Mexico’s northern markets of Matamoros, Reynosa, Ciudad Juarez, Chihuahua, Mexicali and Tijuana and complements the US$30.1 million of asset sales completed previously. In total, FIBRA Macquarie has sold 44 non-strategic properties at an aggregate 2.2 percent premium to their book value and generated a total of US$117.5 million in proceeds.

The sale enhances FIBRA Macquarie’s overall portfolio composition and key financial metrics as well as increasing total capital available to approximately US$300 million, including cash and undrawn credit facilities. The available capital is expected to be re-deployed in accretive investments, including property expansion and development, and certificate repurchases for cancellation. The sale substantially completes FIBRA Macquarie’s near term asset recycling program objectives.

About FIBRA Macquarie

FIBRA Macquarie México (FIBRA Macquarie) (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. FIBRA Macquarie’s portfolio consists of 271 industrial properties and 17 retail/office properties, located in 20 cities across 16 Mexican states as of March 31, 2018. Nine of the retail/office properties are held through a 50/50 joint venture. FIBRA Macquarie 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 FIBRA Macquarie, please visit 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$119 billion of total assets under management as of March 31, 2018.

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 61 office locations in 25 countries. Macquarie employs over 14,400 people and has assets under management of approximately US$382 billion as of March 31, 2018.

For more information, please visit www.macquarie.com.

Cautionary Note Regarding Forward-looking Statements

This release may contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ significantly from these forward-looking statements and we undertake no obligation to update any forward-looking statements.

None of the entities noted in this document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities.

THIS RELEASE IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES, AND SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED.

THIS ANNOUNCEMENT IS NOT FOR RELEASE IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA.

Contacts

Investor relations:
+52 (55) 9178 7751
fibramq@macquarie.com
or
Evelyn Infurna, +1-203-682-8265
evelyn.infurna@icrinc.com
or
Nikki Sacks, +1-203-682-8263
nikki.sacks@icrinc.com
or
Press queries:
FleishmanHillard México
Alejandro Sampedro Llorens, +52 (55) 5540 6031 ext. 249
alejandro.sampedro@fleishman.com

Contacts

Investor relations:
+52 (55) 9178 7751
fibramq@macquarie.com
or
Evelyn Infurna, +1-203-682-8265
evelyn.infurna@icrinc.com
or
Nikki Sacks, +1-203-682-8263
nikki.sacks@icrinc.com
or
Press queries:
FleishmanHillard México
Alejandro Sampedro Llorens, +52 (55) 5540 6031 ext. 249
alejandro.sampedro@fleishman.com