GRI Club proposes dialogue with Mexico’s stock market
GRI Club meeting was held at Biva and was attended by companies such as Credit Suisse, PGIM Real Estate and Mira.
On Thursday, June 6, GRI Club Real Estate held a meeting at the auditorium of the Bolsa Institucional de Valores (Biva, or Institutional Stock Exchange), in Mexico City, to discuss the stock market’s participation in the country’s real estate industry. Biva CEO and Biva director were present at the meeting, which was moderated by Mira director Federico Castillo.
Topics discussed included the origin of the Fideicomisos de Inversión en Bienes Raíces (Fibras, in Spanish – or Reits, Real Estate Investment Trusts, in English), Certificados de Desarrollo de Capital (CKDs, Capital Development Certificates, in English), and Certificados de Proyectos de Inversión (Cerpis, Investment Project Certificates, in English). Other subjects analyzed were the main investors of these products, what developers can do to increase the issue volume on the Mexican stock exchange, and the need for the market to offer buyers a wide range of options.
Club meeting participants included Alejandro Rodriguez Rivero (Credit Suisse), Antonio Ruiz Galindo (Grupo IGS), Enrique Lavin (PGIM Real Estate), Jorge Margain (Ivanhoe Cambridge), Hector Rivas (Dine), Juan Carlos Mier y Terán (HSBC), Luis Cantú (Seris Retail Holdings), Pablo Coballasi (PC Capital Partners), Patricio Desentis (GBM Real Estate), Rodrigo Díaz Álvarez (Acciona), Santiago Gil (Paladin Realty Partners) and (IFC).