Terrafina Announces Changes in its Technical Committee
24 September 2019 - 8:41AM
Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial
real estate investment trust (“FIBRA”), externally advised by PGIM
Real Estate and dedicated to the acquisition, development, leasing
and management of industrial real estate properties in Mexico,
announced today that Alfonso Munk Alba, PGIM Real Estate’s Head of
Latin America and Americas’ Chief Investment Officer, will leave
PGIM Real Estate at the end of September 2019. Therefore, will step
down from Terrafina’s Technical Committee.
Enrique Lavín Treviño will replace Alfonso Munk
as a member of Terrafina’s Technical Committee. Enrique, who is
Managing Director and head of Mexico for PGIM Real Estate, has been
closely involved in the definition and execution of Terrafina’s
strategy since its inception.
Contacts:Francisco MartinezInvestor Relations
OfficerTel: +52 (55) 5279-8107E-mail:
francisco.martinez@terrafina.mx
Ana Maria YbarraMiranda IRTel: +52 (55)
3660-4037E-mail: ana.ybarra@miranda-ir.com
About TerrafinaTerrafina
(BMV:TERRA13) is a Mexican real estate investment trust formed
primarily to acquire, develop, lease and manage industrial real
estate properties in Mexico. Terrafina’s portfolio consists of
attractive, strategically located warehouses and other light
manufacturing properties throughout the Central, Bajio and Northern
regions of Mexico. It is internally managed by highly-qualified
industry specialists and externally advised by PGIM Real
Estate.
Terrafina owns 299 real estate properties,
including 288 developed industrial facilities with a collective GLA
of approximately 41.7 million square feet and 11 land reserve
parcels, designed to preserve the organic growth capability of the
portfolio.
Terrafina’s objective is to provide attractive
risk-adjusted returns for the holders of its certificates through
stable distributions and capital appreciations. Terrafina aims to
achieve this objective through a successful performance of its
industrial real estate and complementary properties, strategic
acquisitions, access to a high level of institutional support, and
to its management and corporate governance structure. For more
information, please visit www.terrafina.mx.
About PGIM Real EstatePGIM, the
global investment management business of Prudential Financial, Inc.
(NYSE: PRU), is one of largest real estate investment managers in
the world, with more than $173.5 billion in gross real estate
assets under management and administration, as of 30 June 2019.
Through its PGIM Real Estate and PGIM Real Estate Finance
businesses, PGIM leverages a 140-year history of real estate
lending on behalf of institutional and middle-market borrowers², a
49-year legacy of investing in commercial real estate on behalf of
institutional investors, and the deep local knowledge and expertise
of professionals in 31 cities around the world.
¹AUA equals $US34.5 billion.²Includes legacy
lending through PGIM’s parent company, Prudential Financial,
Inc.
About Prudential Financial,
Inc.Prudential Financial, Inc. (NYSE:PRU), a financial
services leader with more than US$1.5 trillion of assets under
management as of March 31, 2019, has operations in the United
States, Asia, Europe, and Latin America. Prudential’s diverse and
talented employees are committed to helping individual and
institutional customers grow and protect their wealth through a
variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds and investment
management. In the U.S., Prudential’s iconic Rock symbol has stood
for strength, stability, expertise and innovation for more than a
century. For more information, please visit
www.news.prudential.com.
Forward-Looking StatementsThis
document may include forward-looking statements that may imply
risks and uncertainties. Terms such as "estimate", "project",
"plan", "believe", "expect", "anticipate", "intend", and other
similar expressions could be construed as previsions or estimates.
Terrafina warns readers that declarations and estimates mentioned
in this document, or realized by Terrafina’s management imply risks
and uncertainties that could change in function of various factors
that are out of Terrafina’s control. Future expectations reflect
Terrafina’s judgment at the date of this document. Terrafina
reserves the right or obligation to update the information
contained in this document or derived from this document. Past or
present performance is not an indicator to anticipate future
performance.
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