FUNO will expand its portfolio by acquiring properties from its control group
Real Estate Market | February 02, 2023 |

Gonzalo Robina, deputy general director of Fibra Uno, said that if the market conditions are "adequate" they will seek to acquire, in the next two or three years, properties of the industrial sector that it develops and in potential construction by its control group. .

“The control group has about 2 and 3 million square meters of land with development potential with permits and licenses that they will continue to put on the market very soon and according to the conditions that the financial market presents us, they will be contributed to Fibra One,” the manager commented at a recent conference.

Consult here: Solili Industrial Report January 2023, demand began the dynamic year and registers 505 thousand m²

Currently, the Real Estate Investment Trust has a total portfolio of 11.8 million square meters (m2) of rentable space. Of this figure, the industrial component comprises 6.25 million rentable m2, which reached 97.6% occupancy in the third quarter of 2022, a level that reflects an increase of 10 basis points compared to the second third of the same year.

The parks, warehouses, warehouses and buildings for industrial use are located mainly in the State of Mexico and contribute 35% of the income.

"Fibra Uno's control group has been developing outside of Fibra to later contribute them to Fibra," said Gonzalo Robina.

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He explained that it is not convenient for Funo to have very large banks or land reserves to develop industrial parks, since it takes time to regularize it, put all permits and licenses in order and start construction.

"This is done by the control group outside of Fibra to later be contributed at the appropriate time to Fibra Uno," reiterated the deputy general director of the real estate firm.

In Solili you can consult industrial warehouses available in Monterrey and Ciudad de México

Original note

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