Terrafina announced the signing of a binding contract for the construction of a built-to-suit (BTS) property and the expansion of an existing property in Chihuahua. Terrafina finalized the negotiation for a BTS property of more than 359,000 square feet and the expansion of more than 43,000 square feet for an existing property in the aviation sector. A total estimated investment of USD 14.7 million (excluding taxes) will be made through a joint venture scheme with a property manager for the BTS property of which Terrafina will invest USD 7.4 million and USD 4.2 million for the expansion. As a result of these investments, Terrafina estimates it will generate a development yield over stabilized net operating income (NOI) of approximately 10%. Both leases were signed for a 10 year-term.