FibraShop (BMV:FSHOP 13) announced it has started talks to acquire a portfolio of shopping centres which has an estimated value of about MXN 1.9 billion (USD 109 million/EUR 101 million). The assets belong to related parties and thus two independent experts have been tapped to ensure transparency in the process. The transaction hinges on negotiations and agreements on respective terms and conditions, as well as approvals from internal bodies and competent authorities.

FibraShop estimates that the targeted portfolio could generate a stabilised net operating income (NOI) of around MXN 200 million.