MEXICO CITY, July 23 (Reuters) - Mexican real estate

investment trust Fibra Next raised 8 billion pesos ($431.89

million) in its initial public offering (IPO), an executive from

the firm said on Wednesday.

The sale was in line with the firm's target last month of

issuing 80 million Real Estate Trust Certificates (CBFIs) at an

offering price of 100 pesos each.

Fibra Next was created with industrial assets from Fibra Uno

, Mexico's largest real estate investment trust.

($1 = 18.5233 Mexican pesos)