“We are pleased to have represented Santander, BBVA, and Banorte in this significant transaction within the Mexican securities market,” said Greenberg Traurig’s José Raz Guzman, who is a shareholder in the firm’s Corporate Practice and co-chair of the firm’s Latin America Practice.
MEXICO CITY, Mexico (PRWEB) April 05, 2021
Global law firm Greenberg Traurig, LLP represented lead underwriters, Banco Santander Mexico, S.A.; BBVA Mexico; and Grupo Financiero Banorte, S.A.B. de C.V.; in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico.
On Feb. 23, Fibra SOMA conducted its IPO with the placement of 135,370,078 trust certificates, raising approximately $350 million. It is the first REIT to be listed in Mexico’s Institutional Stock Exchange, BIVA; and the second largest REIT in Mexico.
Grupo Sordo Madaleno is a Mexico City-based real estate development firm founded in 1937. The firm offers an integrated, multifaceted mix of real estate services, including architectural design, leasing, financing, acquisition, operation, legal, marketing, and construction. Fibra SOMA has 10 properties in operation, two in its construction pipeline, and one more in development.
“We are pleased to have represented Santander, BBVA, and Banorte in this significant transaction within the Mexican securities market” said Greenberg Traurig’s José Raz Guzman, who is a shareholder in the firm’s Corporate Practice and co-chair of the firm’s Latin America Practice. "The new SOMA REIT is expected to allow for continued real estate development in Mexico, which is important to the economic growth of the region.”
The Greenberg Traurig attorney team was led by Raz Guzman, who also is managing shareholder of the firm’s Mexico City office. Other members of the Mexico City office team included Corporate Practice Associates David Argueta and Enrique Rugerio Lira.
About Greenberg Traurig Mexico: Greenberg Traurig’s Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm’s global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm’s award-winning Latin America Practice, and has been recognized with leading banking, corporate, M&A, infrastructure, real estate, privacy, energy, administrative litigation, and competition practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: http://www.gtlaw.com
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