In June 2021, the Infrastructure and Real Estate Trusts, Fibra Plus and Fibra HD announced a business combination through a document in which the General Assembly of Fibra Plus holders was convened to discuss the approval of terms and conditions of said merger.

The merger mainly seeks to achieve, in the medium term, a capitalization close to one billion dollars and generate operational and administrative efficiencies through the union of both professional teams, which will allow them to achieve economies of scale and scope, with growth before the international debt and equity markets.

Likewise, the creation of a new area of asset rotation, greater bargaining power with tenants and suppliers, and a fusion of business cultures and values as well as best practices, seek to achieve lower leverage, close to 35%.

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The business combination will support greater access to financing via debt and equity, with lower interest rates while allowing greater diversification in both segments and locations.

Other additional benefits are the growth in marketability, liquidity and dividends from 2023, in an environment of organic and sustainable growth with profitable acquisitions, where the optimal use of resources allows them to represent an interest proposal before comparable Fibras.

Upon completion of the business combination, the joint portfolio will consist of 58 properties; With a Gross Profitable Area of more than 600 thousand square meters, where we find complexes such as: Torre Arcos, Espacio Condesa, Héredit Acueducto, Punto Chapultepec, Plaza San Antonio, Sky Cumbres, Bosque Real and Corporativo Arboledas. 

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Fibra Plus has a portfolio of properties made up of 16 projects, with a gross profitable area of 280,339 square meters, 27% destined for commerce, 30% for offices, 34% for industrial and 9% for rental housing. 

For its part, Fibra HD has 41 stabilized properties to total a Gross Profitable Area of 309 thousand square meters that registered 91.34% occupancy at the end of the first quarter of 2021.

In recent days, Fibra Plus announced the acquisition of 50% of the Founder and Control Trust (Fifun) of Fibra HD, which further facilitates the integration of the businesses; whose priority is to generate value for Fibra HD investors and to empower both Trusts.

In Solili consult industrial warehouses and offices available in Monterrey

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