Fibra Uno Obtains Credit Lines Totaling Ps. 3.6 Billion

MEXICO CITY, Dec. 21, 2011 /PRNewswire/ -- Fibra Uno (BMV: FUNO11) ("Fibra Uno" or "Trust F/1401"), Mexico's first real estate investment trust, announced today that it obtained two credit lines worth a total of Ps. 3.6 billion.

The Trust obtained a credit line of Ps. 2.5 billion from Grupo Financiero Inbursa on Monday December 19, 2011 and a credit line of Ps. 1.1 billion from Grupo Financiero Santander today, Wednesday, December 21, 2011.

Fibra Uno will use a portion of the funds to cover the shortfall from the Trust's March 2011 IPO and the purchase of the Toluca property in July 2011.  Fibra Uno will also use another portion of the funds to finance the Trust's future growth.

"We are very pleased to announce these credit lines," said Andre El-Mann, CEO of Fibra Uno. "These funds will help us grow and continue to deliver value for our CBFI holders."

Fibra Uno also announced that it has completed the payment for the Plaza Central and Malecon properties, which were acquired on June 23, 2011 and June 27, 2011, respectively.  These properties were paid 60% on the respective closing date, with the remaining 40% to be paid within 180 days after the closing. Fibra Uno has now paid in full for both these properties.

About Fibra Uno

Fibra Uno is a Mexican trust formed primarily to acquire, own, develop and operate a broad range of commercial real estate in Mexico, including industrial, retail, office, mixed-use and other properties. Our objective is to return value to the holders of our CBFIs through distribution of our net taxable income. We intend to selectively assemble a diversified portfolio of high-quality, well-located, income-producing commercial properties in Mexico. The Trust began trading on the Mexican stock exchange on March 18, 2011. Currently, it has 17 properties in central and southern Mexico, with an approximate GLA of 702,182 square meters. Long-term, Fibra Uno has a pipeline of properties which it plans to buy and lease as a source of recurring, reliable income. Fibra Uno is internally managed by F1 Management, S.C. and externally advised by Fibra Uno Administracion S.A. de C.V., a Mexican real estate operator with a management with more than 30 years of experience in the Mexican real estate market. Fibra Uno seeks to increase its portfolio, return income and create value for its investors and contribute to the development of Mexico's real estate sector.

SOURCE Fibra Uno