Real Estate trust Fibra Park Life raising nearly $15 million in Mexican IPO

ReutersMar 31, 2026 1:12 AM

MEXICO CITY, March 30 (Reuters) - Fibra Park Life, a Mexican real estate investment trust specializing in rental housing, on Monday said it was raising 268 million Mexican pesos ($14.8 million) in an initial public offering on Mexico's stock exchange.

The trust, with the ticker symbol PLIFE26, said the placement price of its real estate trust certificates was 220 pesos each, in the middle of an expected price range of 200 to 240 pesos.

Fibra Park Life's initial portfolio consists of four properties located in prime real estate areas of Mexico City and the central city of Queretaro, totaling 287 residential units.

The company intends to use the proceeds from the transaction for working capital and to finance new acquisitions.

The certificates are set to begin trading on Tuesday.

It offered just under 1.2 million certificates, bringing the total number of certificates in circulation to nearly 3.1 million.

($1 = 18.0922 Mexican pesos)

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