Macquarie Mexican REIT agrees to acquire six property portfolio, diversifying into retail and office

Macquarie Mexican REIT (MMREIT) (BMV: FIBRAMQ) today announced it had reached agreement with Grupo Inmobiliario Carr and its partners to acquire a portfolio of six properties for Ps.2.8 billion (approximately $US220.4 million)[1], with a potential earn-out of up to Ps.84.4 million (approximately $US6.6 million) based on additional lease-up.

Ps.1.0 billion (approximately $US80.7 million) of the purchase price will be paid through the issuance by MMREIT to the sellers of 37.6 million real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios or CBFIs), subject to CBFI holder approval. The remainder of the purchase price, related earn-out payments, transaction costs, and taxes are expected to be funded from available cash and borrowings under existing credit facilities and a VAT facility.

The portfolio, totaling approximately 115,606 square meters (1.2 million square feet) of gross leasable area, includes four retail properties, one mixed-use property (retail, office and hotel) and one office building. Five of the properties are located in the Mexico City Metropolitan Area (MCMA) and one is in Irapuato, Guanajuato. City Shops del Valle, a retail center in a prime location within the MCMA, is currently under construction and is expected to be ready to be occupied by the end of 2013.

The transaction is expected to close in two phases, the first for the five stabilized properties and the second for City Shops Del Valle following completion of construction.

“We are pleased to be acquiring these attractive properties in prime locations,” said Jaime Lara, CEO of MMREIT. “This acquisition builds on our existing industrial portfolio, providing diversification into the office and retail sectors in line with our investment strategy.”

Upon completion of this transaction, MMREIT's portfolio will include 250 industrial, retail, and office properties totaling 2.6 million square meters (28.0 million square feet) of gross leasable area across Mexico.

Approvals and closing conditions

Closing of the transaction is subject to customary closing conditions, including clearance from the Federal Competition Commission (Comisión Federal De Competencia) and CBFI holder approval of the additional issuance of CBFIs. Holder approval will be sought at a holders’ meeting to be called in due course.

About Macquarie Mexican REIT

Macquarie Mexican REIT (MMREIT) (BMV: FIBRAMQ) is a real estate investment trust (fideicomiso de inversíon en bienes raices), 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. MMREIT’s portfolio consists of 244 industrial properties located in 21 cities across 15 Mexican states. For additional information about MMREIT, please visit macquarie.com/mmreit.

For press queries in Mexico, please contact:

CarralSierra PR & Strategic Communications
Jose Manuel Sierra
Cel: +52 55 5105 5907
Tel: +52 55 5286 0793
Email: jmsierra@carralsierra.com.mx

Andrea Barba
Cel: +52 55 3355 4968
Tel: +52 55 5286 0793
Email: abarba@carralsierra.com.mx

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.

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.