Mexican real‑estate investment trust Fibra MTY completed a $1.7 billion purchase of peer Fibra Macquarie after the latter’s shareholders approved the deal.

The transaction lifts Fibra MTY’s portfolio to over $10 billion in assets under management, positioning the trust as a larger player in Mexico’s industrial and office property market. Shareholder backing signals confidence in the combined entity’s growth prospects.

By integrating Fibra Macquarie’s leases, the new owner gains immediate exposure to high‑quality tenants across central Mexico, improving cash‑flow stability. Investors will see a broadened geographic footprint and a stronger balance sheet.

The deal illustrates a trend of consolidation among Mexican REITs seeking scale to capture rising demand for commercial space. Market watchers will track how the enlarged trust navigates regulatory oversight and potential cost synergies.