BIVA Proudly Welcomes FIBRA SOMA

FIBRA SOMA, the first real estate investment trust (REIT) developed by Grupo Sordo Madaleno, has completed its initial public offering, raising over 6 billion pesos.
With a portfolio of ten functional properties and several under development, FIBRA SOMA boasts over 1,280 tenants and aims to be at the forefront of Mexico's real estate industry.

FIBRA SOMA enters the market with ten properties in operation. Photo: Fibra SOMA

02/23/2021

FIBRA SOMA conducted its initial public offering today, February 23, placing 135,370,078 trust certificates at an initial price of 50 pesos, raising over 6 billion pesos. SOMA is the first Real Estate Investment Trust (REIT) focused on the real estate and architectural sector, developed by Grupo Sordo Madaleno with over 20 years of experience.

With ten operational properties, two under construction, and one in the project stage, FIBRA SOMA boasts over 1,280 tenants, more than 680,000 square meters of GLA in operation, and an average occupancy rate of 93%.

The operational assets include Plaza Universidad, Plaza Satélite, Angelópolis, Premium Outlets Punta Norte, Luxury Hall, Antea Lifestyle Center, Andamar I, Andamar II, Artz Pedregal, and Premium Outlets Querétaro. Additionally, the assets under development are Reforma Colón, Antara Expansion, and León.

FIBRA SOMA represents a milestone for companies seeking investment alternatives. Javier Sordo Madaleno, President of Grupo Sordo Madaleno, commented, "Today, FIBRA SOMA is born as a result of over 50 years of work. The properties in the initial portfolio will serve as a platform for Mexico's real estate development."

Grupo Sordo Madaleno is committed to the country and emphasizes talent, honesty, efficiency, and creativity.

FIBRA SOMA is the first REIT to be listed on BIVA, marking the beginning of Mexico's future real estate vision to stay at the forefront and lead the industry. Explore Sordo Madaleno's properties and stock market indicators at siila.com.mx.

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