FIBRA Prologis Elects Independent Chairman to Lead Technical Committee

FIBRA Prologis Appoints New Chairman of Technical Committee

In a significant development in the realm of real estate investment in Mexico, FIBRA Prologis, a leading trust in managing Class A logistics properties, has announced the immediate appointment of Gonzalo Portilla as the new Independent Chairman of its Technical Committee. This strategic decision was revealed on February 7, 2025, and marks a crucial leadership transition for the organization.

Héctor Ibarzabal, the General Director of FIBRA Prologis, expressed his contentment regarding Portilla's appointment, highlighting the substantial contributions Gonzalo has made as an independent member of the committee. "His background and understanding of the sector are invaluable assets that will steer the committee towards future growth and decision-making efficacy," stated Ibarzabal.

Portilla takes over from Luis Gutiérrez, who dedicated an impressive 36 years to FIBRA Prologis. Ibarzabal assured recognition of Gutiérrez's hard work and unwavering commitment, acknowledging that the trust's success today can largely be attributed to his dedication. In his farewell, Gutiérrez's contributions were honored, and well wishes for his future endeavors were shared.

Profile of FIBRA Prologis

FIBRA Prologis operates as a real estate investment trust specializing in Class A industrial properties within Mexico. As of September 30, 2024, the trust owned a diverse portfolio of 514 logistics and manufacturing facilities spread across six major Mexican industrial markets. This impressive network totals a Gross Leasable Area (GLA) of 89.5 million square feet (approximately 8.3 million square meters). Additionally, it manages 165 buildings, which comprise 24.0 million square feet (about 2.2 million square meters) of non-strategic assets.

The organization's strategic positioning and operational model emphasize robust growth in the industrial real estate sector, aiming to foster improvements while adapting to market changes.

Forward-Looking Statements

This announcement includes forward-looking statements based on current expectations and industry estimates. Such statements carry inherent uncertainties that can significantly impact FIBRA Prologis' financial outcomes. Key terms like "expects," "anticipates," "intends," "plans," and variations thereof signify future-oriented predictions that are not historical in nature. All operational performance statements, such as rental activities, occupancy growth, developmental prospects, and broader market conditions, are categorized as forward-looking.

While FIBRA Prologis believes these statements are built on reasonable assumptions, there is no guarantee that expectations will be met. Actual results might differ materially from what's projected due to various factors, including economic conditions, market changes, competition, risks associated with acquisitions and property developments, tax structures unique to real estate investment trusts, financing availability, environmental uncertainties, and risks related to the ongoing pandemic, among others.

In conclusion, with Gonzalo Portilla's leadership, FIBRA Prologis looks forward to navigating current market challenges and achieving sustainable growth in the competitive landscape of industrial real estate investments in Mexico.