Rosewood Mexico City To Open In 2024
The dynamic metropolis will be home to the ultra-luxury brand s fifth property in Mexico
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HONG KONG, May 13, 2021 /PRNewswire/ Expanding its strong footprint in Mexico, Rosewood Hotels & Resorts® has been appointed by premier real estate development firm Grupo Sordo Madaleno to operate Rosewood Mexico City, a new hotel expected to open in 2024 in the flourishing Polanco district. Positioned in the heart of the vibrant capital, Rosewood Mexico City is conveniently located within walking distance of renowned luxury shopping district, Avenida Presidente Masaryk as well as esteemed cultural institutions including Museo Soumaya and Museo Jumex. Rosewood Mexico City will join the global brand s iconic collection of properties across Mexico, from Los Cabos and Riviera Maya to San Miguel de Allende.
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MEXICO CITY – April 5, 2021 – Global law firm Greenberg Traurig, LLP represented lead underwriters, Banco Santander Mexico, S.A.; BBVA Mexico; and Grupo Financiero Banorte, S.A.B. de C.V.; in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico.
On Feb. 23, Fibra SOMA conducted its IPO with the placement of 135,370,078 trust certificates, raising approximately $350 million. It is the first REIT to be listed in Mexico’s Institutional Stock Exchange, BIVA; and the second largest REIT in Mexico.
Grupo Sordo Madaleno is a Mexico City-based real estate development firm founded in 1937. The firm offers an integrated, multifaceted mix of real estate services, including architectural design, leasing, financing, acquisition, operation, legal, marketing, and construction. Fibra SOMA has 10 properties in operation, two in its construction pipeline, and
Greenberg Traurig Attorneys Represent Lead Underwriters in Connection with Initial Public Offering of Fibra SOMA - Grupo Sordo Madaleno’s Mexican REIT
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Global law firm Greenberg Traurig, LLP represented lead underwriters, Banco Santander Mexico, S.A.; BBVA Mexico; and Grupo Financiero Banorte, S.A.B. de C.V.; in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico.
“We are pleased to have represented Santander, BBVA, and Banorte in this significant transaction within the Mexican securities market,” said Greenberg Traurig’s José Raz Guzman, who is a shareholder in the firm’s Corporate Practice and co-chair of the firm’s Latin America Practice.
The 5 Most Luxurious Residences Opening in 2021 Share
Although the Covid-19 pandemic caused delays, developers around the world have used the time to reallocate space to include more balconies and terraces connected to luxurious residences, redesign floor plans better suited for working and schooling from home, and install the best touchless technology and air-filtration systems.
In fact, more than 75 percent of developers were more likely to add advanced technology and space for home offices to their plans, according to Knight Frank’s Global Development Report. About 54 percent also considered more outdoor space, and are leaning towards virtual tours, 3D photography and video conferencing.