By: SiiLA México
On April 13th, Thor Urbana made its public offering through the Bolsa Institucional de Valores (BIVA). Assisting the event, lead by BIVA’s general director Maria Ariza, were Jimmy Arakanji and Jaime Fasja, Thor’s CO-CEOs as well as Sebastián González, Investment Director, and Federico Malo, CFO.
Through the offering, Thor Urbana expands its participation in the public market. The company has been active in public markets since launching its Certificate of Capital Development instrument in 2018. In this event, the leading company in real estate development and investment, establishes its financial strategies with the release of Certificados Bursátiles Fiduciarios de Proyectos de Inversión (CERPI) (trust certificates for investment projects), whose first round consists of 720 million pesos, and a total investment of more than 3.6 billion pesos. Its ticker symbol will be “TUCERPI21”, and these certificates will be valid for the next 15 years.
These instruments are destined for the acquisition, development and financing of real estate projects including hotels, retail and industrial projects in Mexico. Thor and BIVA have aligned visions: “We continue to bet for the present and future of Mexico, this represents a great moment to invest in the country,” concludes Ariza.
“Thor Urbana is leader in real estate development, and it’s known for having a fresh and innovative vision,” stated Fasja.
This firm has an investment portfolio of more than 2 billion dollars in operating assets and other development projects in locations such as: Mexico City, Guadalajara, Playa del Carmen, Cancun, Los Cabos, Tulum, San Luis Potosi, Tijuana, Riviera Nayarit and Belize among others. Their portfolio includes mixed use developments in premier tourist destinations, as well as shopping centers, that add up to 1.5 million sqm built.
The public offering will allow Thor Urbana to capture resources and invest in strategic developments. Thor will also administer the investment vehicle and provide its returns through the operation of its existing operating properties:
“This with the aim of improving the environment and propelling the growth of the communities where we are present. This new placement in the Mexican stock market reinforces our continued bet in Mexico, it also endorses our long-term commitment to continue investing in innovative developments that add value and bring new experiences to our visitors,” concludes Arakanji.
View and analyze Thor Urbana’s portfolio at siila.com.mx