FIBRA Macquarie Mexico announced the execution of a lease for its recently delivered 210 thousand square feet building in Apodaca, Nuevo Leon in the Monterrey metropolitan area. The 10-year, U.S. dollar-denominated lease was executed with a global auto parts manufacturer, which is an existing valued customer. This 100%-leased property delivers a 11.9% NOI development yield for FIBRA Macquarie.

The property is expected to contribute approximately USD 2.7 million in NOI, on an annualized basis, commencing from mid-2024. The total investment inclusive of attributable land, construction costs and tenant improvements is approximately USD 22.2 million. The lease is in alignment with FIBRA Macquarie's green leasing standards and the construction of the building follows to the LEED®?

v4 Core and Shell Development guidelines by the U.S. Green Building Council, and FIBRA Macquarie anticipates attaining a Gold or Platinum-level certification. The property is located in a Class A industrial park that is being developed by FIBRA Macquarie and has a total potential GLA of 790 thousand square feet, of which FIBRAMQ has now leased up 390 thousand square feet, and has an additional 200 thousand square feet building under construction. This development continues FIBRA Macquie's successful growth capex program, and its track record of developing and leasing premium industrial assets.

For presentation purposes, the disclosure assumes a USD-Peso exchange rate of 18.0, existing FIBRA Macquarie certified outstanding of 761.3 million and forecast equity ownership of approximately 80% in MCMA joint venture assets.