FIBRA DANHOS ANNOUNCES THE OPENING OF PARQUE

FIBRA DANHOS ANNOUNCES THE OPENING OF PARQUE VIA VALLEJO
Mexico City, Mexico, July 13, 2016
Fibra Danhos (BMV: DANHOS13), along with its contributing partner, Grupo IPB, announces that the opening of Shopping
Mall Parque Via Vallejo was held on May 19, 2016, the largest project of its kind to open its doors this year in the
Metropolitan Area of Mexico City. Parque Via Vallejo contributes to the urban renewal of the centrally located industrial zone
of Vallejo, which enjoys efficient access through public and private transportation that grant access to new jobs and services
to a densely populated region. The area offers a favorable outlook in terms of economic and demographic growth,
undergoing a renovation and transition from industrial to commercial and residential vocation. To date, 96 retail spaces
totaling 60,412.9 sqm are in operation and represent 74.4% of the gross leasable area (GLA) of the project. There are
executed lease agreements for 73,608 sqm that represent 90.7% of the GLA of the project and the aforementioned square
meters are expected to be fully operational towards the end of 2016. During the last month of operation, the shopping mall
has received more than 100,000 vehicles and has surpassed the milestone of 6,500 vehicles in a day. Fibra Danhos
acknowledges the major effort made by Grupo IPB, the local authorities, suppliers, workers, neighbors and tenants who have
made this development a reality.
In accordance with the Contribution and Accession Agreement for Parque Via Vallejo the estimated amount of the
consideration for the project is $3,308,972,733.00 (three billion three hundred eight million nine hundred and seventy-two
thousand seven hundred thirty-three 00/100 Mexican pesos). Fibra Danhos reached an agreement with the contributors to
pay $1,200,000,000.00 (one billion two hundred million 00/100 Mexican pesos) in cash and the rest with CBFIs. Thus, the
number of Preliminary CBFIs that Fibra Danhos will deliver as consideration for the project amounts to 54,307,938 (fifty-four
million three hundred seven thousand nine hundred thirty-eight) out of the 126,843,938 (one hundred twenty-six million eight
hundred forty-three thousand nine hundred thirty-eight) issued in 2014, which represent approximately 42.8% of the amount
issued in 2014 and as a consequence Fibra Danhos will process the cancelation of the remaining CBFIs. With this deal,
Fibra Danhos seeks to improve the return on invested capital (ROIC) in the project and reduce the potential dilution of the
current shareholder base. The definitive amount of the consideration for the project will be determined based on the
stabilized Net Operating Income (NOI) for the first year of operation.
About Fibra Danhos
Fibra Danhos is a Mexican trust formed primarily to develop, own, lease, operate, and acquire iconic and premier-quality
commercial real estate assets in Mexico. Our strategy is focused primarily on the retail and office segments, we intend to be
the first FIBRA in Mexico focused on the development, re-development, acquisition and management of the highest quality
retail, office and mixed-use properties in Mexico, particularly in the Metropolitan Area of Mexico City. Our objective is to
provide attractive risk-adjusted returns to holders of our CBFIs over the long-term through our development capabilities,
selective acquisitions, and stable cash distributions, as determined by our Technical Committee. As of this date, our Current
Portfolio is integrated by: (1) six shopping centers: (i) Parque Delta; (ii) Parque Duraznos; (iii) Parque Lindavista; (iv) Parque
Tezontle; (v) Parque Las Antenas; and (vi) Parque Puebla, these last two are currently under development; (2) four office
properties: (i) Parque Esmeralda; (ii) Urbitec; (iii) Parque Virreyes; and(iv) Torre Virreyes; and (3) four mixed-use projects: (i)
Parque Alameda; (ii) Reforma 222; (iii) Toreo Parque Central; and (iv) Parque Vía Vallejo, this last one, as well as the hotel
compound and office building A of Toreo Parque Central are currently under development. We are well capitalized public
entity. We issued $4,000,000,000.00 (Four billion 00/100 legal currency of the United Mexican States) of debt in the mexican
market on July 11th, 2016 and we have an unsecured, revolving credit facility in an amount of $1,500’000,000.00 (One billion
five hundred million pesos 00/100 legal currency of the United Mexican States) which has not been disbursed to this date,
with a term of 4 (four) years. We intend to continue to be taxed as a FIBRA pursuant to the Income Tax Law (Ley del
Impuesto sobre la Renta). For purposes of qualifying as a FIBRA, we are obliged to distribute at least 95% (ninety five
percent) of our Fiscal Outcome, and to have at least 70% (seventy percent) of our assets invested in real estate properties
destined for leasing, among other requisites.
Investor Relations
Elías Mizrahi Daniel
Fibra Danhos
Tel: +52(55) 5284 0030
Press Relations
Gabriela Jiménez Rodríguez
Guerra Castellanos y Asociados
Tel: +52(55) 5246 0100 ext. 304
E-mail: [email protected]
E-mail: [email protected]