FIBRA HD, a diversified real estate investment trust, has generated 55.5 million pesos, plus taxes, from the sale of a non-strategic educational institution.The board of directors of FIBRA HD stated that this sale is part of their divestment strategy, a key pillar in their integration with FIBRA Plus.
The proceeds will be used to reduce FIBRA HD's debt or acquire more attractive and profitable assets.The selling price of the property resulted in an exit
cap rate of 10.03%, yielding a 15% profit compared to the acquisition cap rate. FIBRA HD emphasized that the selling price was 27% higher than the acquisition price of the educational institution.
The sale was approved by FIBRA HD's Technical Committee and is part of the divestment portfolio identified by the Manager as part of their business vision and growth strategy in conjunction with FIBRA Plus integration. FIBRA HD has implemented a strategy to divest non-strategic assets in order to reduce debt and foster healthy portfolio growth.
They have collaborated with external brokers to identify sales opportunities and have received a positive market response. Currently, they have identified 8 commercial assets, 8 office properties, and 2 educational sector assets, subject to changes based on market demand.
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