FUNO Acquires Gayosso Properties
- Fibra Uno acquires 18 properties from Grupo Gayosso under a sale and leaseback structure.
The Real Estate Investment Trust (REIT) Fibra Uno, FUNO, has acquired 18 properties from Grupo Gayosso for a total of 2,192.0 million pesos under a sale and leaseback structure. This acquisition includes premium locations in Mexico City and generates a constant and growing cash flow, with an attractive gross yield of 14% and a net yield of 12.3%. According to FUNO's CEO, this acquisition is an extremely positive real estate move.
Gonzalo Robina, Deputy General Director, highlighted that the company has taken advantage of the best buying opportunities in the market, such as the acquisition of Grupo Gayosso's Memorial portfolio, which was swiftly closed at the end of January.
