In September, the Fibras index managed to recover, registering 1.3% advances in returns, despite the challenges of this end of the year and amid the announcement of the reduction of the reference interest rate by the Bank of Mexico.

However, the performance of these real estate investment trusts (Fibras) on the stock market has been negative, through the S&P / MBV Fibras index it records an accumulated fall of 12.2% between January and September of this year.

Of interest: Solili Offices Report 3Q 2024: Accumulated demand for offices reaches 600 thousand m² during 2024

It was highlighted that September was a dynamic month for this Mexican real estate sector, since Fibra Uno (Funo) announced the acquisition of 100% of CKD Helios (where the Mitikah mixed-use complex is being built) for 7 million pesos that will be paid in three installments during the next 12 months.

Fibra Prologis also announced the construction of an industrial park consisting of eight buildings and 1.5 million square feet in Mexico City, with a total cost of 190 million dollars, while Fibra Monterrey refinanced a loan for 150 million dollars extended to the maturity of its debt.

Check here: New industrial developers emerge in the Metropolitan Area of Mexico City

Finally, September has brought a respite to the fiber sector, although attention will now focus on how the market will respond to the economic challenges facing the end of the year.

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Original Note.