Fibra Storage, a real estate trust specialized in the development and leasing of mini-warehouses in Mexico, formalized the acquisition of a property for which it disbursed a total of 379 million pesos, including closing costs.

The acquired property is part of the branch identified as Roma and whose operation had already been approved by the shareholders' meeting on April 29, 2021.

Through a statement, the company reported that the resources it paid for the property came from a part of the cash flow of the bond that it placed last June on the local stock market.

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"In the next few days the balance will be paid through the placement of 16.5 million real estate trust stock certificates (CBFI), which are part of the acquisition price," Fibra Storage said in a statement.

The property or branch is located in the center of Mexico City and represents the 19th property in operation that the company has maintained since its debut on the Mexican Stock Exchange, in August 2018.

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Additionally, it has five lots for future development.

With this operation, Fibra Storage makes its third acquisition of the year. Previously, it announced the purchase of a piece of land, whose investment amounted to 70.3 million pesos, including closing costs.

As well as the acquisition of another property located in Mexico City and for which it paid 10.3 million pesos.

In Solili you can find industrial warehouses in Tepotzotlán, Vallejo and Cuautitlán

Original note