Mexican real estate investment trust FIBRA Prologis (BMV:FIBRAPL 14) has tabled a non-binding offer to acquire the real estate trust certificates (CBFIs) of domestic peer FIBRA Terrafina (BMV:TERRA 13). The suitor seeks to launch a potential tender offer and exchange transaction, subject to obtaining all necessary approvals, proposing a fixed exchange ratio of 0.580x for each outstanding CBFI issued by Terrafina, according to a recent statement. Fibra Prologis is the Mexican division of US real estate investment trust Prologis Inc. The company owns and operates class-A industrial real estate across Mexico.

Its portfolio included 235 logistics and manufacturing facilities in six industrial markets in the country, totaling 46.9 million square feet (4.4 million sq m) of gross leasable area, as of December 31, 2023.