Fibra Educa's Profitable Area Grows 20% in 2022

Fibra Educa, the first real estate investment trust in the educational sector, has increased its rentable space by nearly 20% through the acquisition of six properties.
The company's portfolio now includes 65 fully leased educational properties, with a total rentable area of 538,382 square meters, showcasing Fibra Educa's growth and commitment to the education sector.

Fibra Educa rents educational spaces that operate under brands such as ICEL and Quick Learning. Photo: Icel

10/03/2022

Fibra Educa, the first real estate investment trust in the educational sector, has increased its gross leasable area (GLA) by nearly 20% this year through the acquisition of six properties. From February to August, the company acquired educational institutions totaling 89,186 square meters of GLA, resulting in a 19.85% growth in its rentable space.

With a current portfolio of 538,382 square meters of rentable area, up from 449,196 square meters at the beginning of the year, Fibra Educa's properties are fully leased, including the new acquisitions. The company now operates 65 educational properties under brands such as Universidad ICEL, Lamar, and Quick Learning, among others.

Five out of the six acquisitions took place in the first half of 2022, representing a total GLA of 83,730 square meters. The sixth acquisition, announced on August 16th, involved an educational institution with 5,456 square meters of rentable area in Tlaquepaque, Jalisco, with an investment of 177 million pesos.

Fibra Educa has resumed its investment activities in 2022 as the effects of the Covid-19 pandemic gradually subside, allowing students to return to in-person classes and non-essential economic activities to resume. The company's recent growth in GLA represents a significant step towards its growth vision, accounting for nearly 20% of the additional gross leasable area, as highlighted by Jorge Nacer Gobera, president of the technical committee, in a recent conference with market analysts.

Read the full article (in Spanish).

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