Fibra Uno (Funo), the first and largest real estate investment trust in Mexico and Latin America, has focused on acquiring mainly real estate in the industrial sector in the last two years, in order to take advantage of the strong demand for this type of spaces that has been detonated in the Mexican Republic.
He mentioned that although they have also sold industrial assets, the number of square meters (m2) are not compared to those they have acquired. "At the end of the day, they have been non-strategic assets to buy strategic ones," he emphasized.
He said that this vision is part of the natural recycling that a portfolio with the characteristics that Fibra Uno must have.
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Gonzalo Robina said that the acquisitions they have been making since 2020 is to take advantage of the demand they are seeing in some of the real estate markets such as Tijuana, Baja California and Ciudad Juárez, Chihuahua. In these places the occupations are at record levels.
“We are attentive to the opportunities of what we can acquire or develop in the different markets that are developed, such as Mexico City. The entire logistics issue is oversubscribed, this helps us both for occupations and for increases in income”, said the manager.
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Even between last April and June, Funo's industrial profitable space grew by 2.9% compared to the same period in 2021.
In addition, the development of the Tepozpark Industrial Park, located in the State of Mexico, concluded earlier than expected, due to the strong market dynamics.
In the second quarter of the year, they sold the Los Saucitos II and III industrial properties. “We have sold two vacant industrial buildings and adjacent land for a total of 19.6 million dollars. The warehouses had 36 thousand 250 m2 and the land 7 thousand 320 m2”, indicates the report.
Of the little more than 11 million m2 of profitable area of Fibra Uno, 6,179 m2 correspond to the industrial sector, which registered an occupation of 97.5%.
In Solili you can consult industrial warehouses available in Querétaro and Puebla