Fibra Plus Has 4.5 Billion Pesos to Amortize Debt

FIBRA Plus focuses on investing in industrial, logistics, shopping centers, and mixed-use sectors to achieve higher returns.
The company plans to sell non-strategic properties and has identified 22 assets for divestment to drive portfolio growth and renewal.

FIBRA Plus will renew its property portfolio to boost its yields. Photo: JoeyCheung

11/28/2022

FIBRA Plus, a real estate trust, has focused on investing in the industrial, logistics, shopping centers, and mixed-use sectors to achieve higher returns. This strategy emerged after the acquisition of FIBRA HD last year. According to Gustavo Tomé, president of the company, all properties that do not meet these criteria will be put up for sale.

Currently, FIBRA Plus has identified 22 assets worth 1,902 million pesos for divestment to renew its portfolio and drive company growth. For the second half of 2023, the completion of two housing developments and one office project in Mexico City is expected, adding approximately 65,000 square meters of gross leasable area. These developments include Espacio Condesa, with residential and office components, and the housing project called Bora.

Additionally, FIBRA Plus plans to invest in industrial properties in Ciudad Juárez, Monterrey, and Tijuana, taking advantage of the nearshoring trend, as well as in shopping centers located in cities with high population growth, job generation, and tourist destinations.

Read the full article (in Spanish).

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