Funo: 10 years of setting the course for FIBRAs in Mexico
- In March 2011, FUNO, Mexico's first and largest real estate investment trust, began its operations.
- It has grown from an initial portfolio of 13 properties to a total of 661, generating value for investors. Its focus on real estate has created new financing opportunities in the sector.
On March 18, 2011, FUNO, Mexico's first and largest real estate investment trust, commenced its operations in the country. With a mission to generate sustainable value for investors through the operation, acquisition, sale, and development of commercial properties, FUNO played a pivotal role in putting the Mexican real estate market on the global map.
Despite a complex global economic landscape, FUNO became a new asset class for institutional and heritage investors, offering fresh financing opportunities for the sector in its ten-year existence. FUNO's success can be attributed to its profound knowledge and focus on real estate, which guided its decision-making process.
Starting with an initial portfolio of 13 properties, FUNO has achieved substantial growth and now boasts a diverse portfolio of 661 properties in the commercial, office, industrial, and other segments. Together, these properties cover an extensive area of over 10.8 million square meters.
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