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Fibra Macquarie Mexico Leases Industrial Development in Ciudad Juárez

– Building 100% Occupied by U.S.-based Laser and Imaging Products Manufacturer –

Today FIBRA Macquarie México (BMV: FIBRAMQ) announced the execution of a lease for the first phase of its recently completed industrial development in Ciudad Juárez, Chihuahua. The phase one building comprises 201,000 square feet of gross leasable area (GLA), which was fully leased upon construction completion in the fourth quarter of 2019 and will be occupied by a U.S.-based manufacturer of laser printers and imaging products.

The customer, which has been operating in Ciudad Juárez for the past 20 years, intends to use the facility for logistics and distribution. The triple-net lease is U.S.-dollar denominated.

"Our first development project in Ciudad Juárez has been successful for FIBRA Macquarie from a number of aspects. The first phase of the project, which was built to LEED certification standards, commenced construction, was completed and leased to a high-quality customer with an annualized NOI yield in excess of 11%," said Juan Monroy, FIBRA Macquarie’s chief executive officer. "We have begun construction on the second 217,000 square foot building with expected completion prior to the end of the second quarter of 2020. Given the continued strength of the Ciudad Juárez industrial market, which is currently experiencing record low vacancy, we are optimistic that our phase two building will also be well received by prospective customers. Through this development initiative we continue to deliver accretive risk-adjusted returns to our certificate holders."

Consistent with phase one, the building is being constructed in accordance with our commitment to sustainable LEED-standard building practices.

About FIBRA Macquarie

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), 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. FIBRA Macquarie’s portfolio consists of 234 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of September 30, 2019. Nine of the retail properties are held through a 50/50 joint venture. For additional information about FIBRA Macquarie, please visit www.fibramacquarie.com.

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 and we undertake no obligation to update any forward-looking statements.

None of the entities noted in this document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities.

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.

THIS ANNOUNCEMENT IS NOT FOR RELEASE IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200116005867/en/

Contacts

Investor relations:
Tel: +52 (55) 9178 7751
Email: fibramq@macquarie.com

Evelyn Infurna
Tel: +1 203 682 8265
Email: evelyn.infurna@icrinc.com

Nikki Sacks
Tel: +1 203 682 8263
Email: nikki.sacks@icrinc.com

For press queries:
Alejandro Sampedro Llorens
FleishmanHillard México
Tel: +52 55 5540 6031 ext. 249
Email: alejandro.sampedro@fleishman.com