Mexico's Fibra Uno buys US$306 mln office portfolio

Mexican real estate investment trust (REIT) Fibra Uno said on Tuesday it had closed a deal to buy a portfolio of six office buildings in Mexico city for 5.25 billion Mexican pesos (US$306.40 million).

REITs, known locally as fibras, issue certificates that function like shares and allow investors to participate in Mexico's property market without owning buildings.