Macquarie buys Mexican assets
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Macquarie Group's (MQG) real estate investment trust in Mexico will buy a pair of retail properties for a pricetag of $US153 million, as it ramps up its expansion into and around North America, The Australian Financial Review reports.
According to the newspaper, the two properties, Tecamac Power Center and Coacalco Power Center, are located in the Mexico City metropolitan area.
The AFR reports Macquarie has estimated the properties will generate an annual net operating income of around $US12.73 million.
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