Deal | 17 July 2025
BBVA México Supports Fibra Shop in MXN 7.3 Billion Refinancing Strategy
BBVA México acted as sole bookrunner on a syndicated loan of up to 6.6 billion pesos extended to Fibra Shop, aimed at refinancing the REIT’s existing debt. The deal was part of a broader capital strategy that also included a 700 million peso issuance of long-term Certificados Bursátiles Fiduciarios (CBFs), likewise structured by BBVA. Together, the transactions were designed to optimize the firm’s debt maturity profile.
With both operations now closed, Fibra Shop has successfully refinanced liabilities totaling 7.3 billion pesos, bolstering its balance sheet and gaining greater financial flexibility to pursue its expansion and consolidation plans in the retail real estate space.
Fibra Shop was the first Mexican FIBRA focused exclusively on shopping centers. Its strategy centers on acquiring, developing, leasing, and operating high-quality retail properties with a long-term value creation outlook. The trust currently holds a diversified portfolio of 19 malls in strategic locations across Mexico, managed under an active, sustainability-oriented growth model.
BBVA’s role in the transaction underscores its leadership in Mexico’s structured finance and debt capital markets, and highlights its continued commitment to the development of the country’s real estate sector through tailored financial solutions.
BBVA congratulates Fibra Shop on the successful execution of these transactions and appreciates the trust placed in the bank as sole bookrunner. BBVA remains committed to supporting the REIT’s growth with specialized, full-spectrum advisory and financing services.
With both operations now closed, Fibra Shop has successfully refinanced liabilities totaling 7.3 billion pesos, bolstering its balance sheet and gaining greater financial flexibility to pursue its expansion and consolidation plans in the retail real estate space.
Fibra Shop was the first Mexican FIBRA focused exclusively on shopping centers. Its strategy centers on acquiring, developing, leasing, and operating high-quality retail properties with a long-term value creation outlook. The trust currently holds a diversified portfolio of 19 malls in strategic locations across Mexico, managed under an active, sustainability-oriented growth model.
BBVA’s role in the transaction underscores its leadership in Mexico’s structured finance and debt capital markets, and highlights its continued commitment to the development of the country’s real estate sector through tailored financial solutions.
BBVA congratulates Fibra Shop on the successful execution of these transactions and appreciates the trust placed in the bank as sole bookrunner. BBVA remains committed to supporting the REIT’s growth with specialized, full-spectrum advisory and financing services.