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), the firm's chief

executive said on Wednesday.

The long-awaited listing comes after years of regulatory

snags and amid an exodus of firms from Mexico's main stock

exchange.

"We see a great opportunity in the industrial sector,

especially in the logistics area," CEO Raul Gallegos told

journalists.

Fibra Next was created with industrial assets from Fibra

Uno, Mexico's largest real estate investment trust.

"We have a very clear growth strategy to achieve very good

results in the very short term," Gallegos added.

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.

REITs in Mexico, known as "fibras," operate similarly to

U.S. REITs, offering returns from rental income and capital

gains on property portfolios.

($1 = 18.5233 Mexican pesos)