Fibra Uno (FUNO) recently, the first real estate investment trust or REITS, completed a decade since its listing on the Mexican stock market, opening options for equity and institutional investors within the real estate sector in the country.

This investment vehicle was focused on the acquisition and construction of properties that generated income within Mexico and whose result of the flow of this operation would be distributed to investors, through quarterly dividends.

The attractive tax regime was a determining element in attracting more participants than between 2012 and 2018, they dominated the Mexican real estate market in different sectors such as industrial, office, educational, commercial, hotel, residential and self-storage.

Within the office sector we find Fibra Danhos with 4 buildings, which offer about 122 thousand square meters class A, among them the Torre Virreyes, which represents about 14% of its current portfolio, which also includes commercial and use properties mixed.

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In the industrial field there are several prominent participants together with FUNO such as Fibra Prologis, Fibra Macquarie, Fibra Monterrey and Terrafina, among others.

Currently Prologis exhibits an industrial portfolio spread throughout the national territory including the capital,  Monterrey, Guadalajara, Tijuana, Ciudad Juárez and Reynosa. In Mexico City they have 52 industrial properties with just over 1.1 million square meters, concentrated in Toluca, Tepotzotlán and Cuautitlán, with an occupancy of 96.3% as indicated on their website.

Fibra Monterrey, for its part, presents its diversified portfolio by location, type of property or sector, clients, currency and maturity, which should be a fundamental element in reducing attractive risk for any investor.

Its largest volume in Saltillo Parque Industrial Alianza Derramadero stands out, with 82.6 thousand square meters. According to Solili as of May 2021, the Saltillo submarket where this industrial park is located has 106 industrial properties, with 26 available spaces, which reaches a total of 99 thousand square meters with warehouses from 1.3 to 71.4 thousand square meters.

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There is no doubt that the confidence that is generated as a result of the advance of the T-MEC, the favorable behavior of interest rates and the exchange rate, together with the sustained growth of industrial demand, are fertile ground for these investment instruments to be attractive.

The rest of sectors such as hotel, commercial, educational and even offices, are undergoing important changes due to the current contraction of demand that force to reformulate products, models and conditions as a result of the pandemic; which constitutes a challenge that results in movements in institutional portfolios, such as those registered in the last quarter of 2020 and so far this year.