Mexico's Fibra Uno in deal to buy property for $185 mln

miércoles 25 de febrero de 2015 00:51 GYT

MEXICO CITY Feb 24 (Reuters) - Mexican real estate investment trust (REIT) Fibra Uno said on Tuesday it had reached a deal to acquire a mixed use development known as Mitikah in Mexico City for $185 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. ($1 = 14.9082 Mexican pesos) (Reporting by Joanna Zuckerman Bernstein; Editing by Anand Basu)