FIBRA Danhos started the year's first quarter by installing photovoltaic systems in nine of its 15 operational properties. According to the real estate investment trust (REIT or FIBRA) specializing in retail and office assets, this system, to be completed by mid-2024, will have an installed capacity of 6,021 kilowatts-peak (kWp). This amount of clean energy will be sufficient to supply 20% of the operations of its portfolio, which at the end of 2023 had a gross leasable area (GLA) of 982,582 square meters with an occupancy rate of 86.3%.

By implementing this project, the company ensures its ability to reduce emissions by up to 3,795 tons of carbon dioxide equivalent (CO2e), comparable to planting 316,322 trees. This is particularly important in a context where the investment trust has expansion plans for 2024, including industrial projects to meet the demand for nearshoring and luxury tourist spaces in Mexico, financed through debt and cash flows, marking a strategic change in its real estate portfolio.

In this regard, SiiLA REsource reported that in 2024, FIBRA Danhos will develop about 200,000 square meters of industrial GLA in the State of Mexico and a high-end hotel in the Yucatan Peninsula through a 50-50 joint venture with FIBRA Hotel.

FIBRA Danhos' installation of photovoltaic systems continues the company's sustainable strategy and ESG (Environmental, Social, and Governance) criteria in Mexico. At the end of last year, the trust installed 10,470 solar panels on the rooftops of various buildings. By 2025, its goal is to achieve that 80% of its corporate portfolio, which represents a third of FIBRA Danhos' GLA, has some sustainable certification.

According to the trust's most recent data, 72% of its office GLA already has LEED certification. Just last year, at least three properties of the trust obtained the LEED O+M certification: Torre Virreyes (Platinum level), Toreo Parque Central (Platinum level), and Reforma 222 (Gold level).

In Mexico, sustainability in the commercial real estate sector faces specific challenges, such as efficient water and energy management, reducing the carbon footprint, waste management, and adapting to increasingly strict environmental regulations.

FIBRA Danhos' strategy, which is aligned with these challenges, seeks to comply with regulations and anticipate global sustainability trends. This approach translates into tangible benefits for the company, its tenants, and the environment. It is important to note that sustainable properties can generate significant economic savings as they reduce operating costs and attract tenants willing to pay higher rents, increasing the properties' profitability and even their market value. Likewise, these properties are often eligible for government incentives, such as preferential rate loans and green bonds, which further improve the profitability of the investment.

For more information about FIBRAs' performance in Mexico, check SiiLA FIBRA Analytics or email us at contacto@siila.com.mx.