Divestment in Héredit Acueducto analyzes Fibra Plus
Real Estate Market | June 08, 2022 |

Fibra Plus, the real estate investment trust chaired by Gustavo Tomé, revealed that it continues to analyze the potential divestment of the Héredit Acueducto mixed-use project, which is currently in the delivery process.

“Given its privileged location and state-of-the-art structure, Héredit Acueducto has recorded an attractive demand, which the Administration intends to capitalize on; therefore, the asset is under evaluation for a potential divestment, once the appropriate conditions are presented”, the administration explained in its first quarterly report of the year.

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The mixed-use real estate development is located in the city of Guadalajara, Jalisco, which includes two independent projects, a shopping center and a building for office use.

According to information from Fibra Plus, the shopping center is in the process of being delivered and consists of 2,200 square meters of gross leasable area, while the office component is made up of 7,934 square meters of gross leasable area, the delivery date is scheduled for what remains of this first semester of the year.

Fibra Plus' portfolio is made up of 58 properties, from the 16 that it reported up to the fourth quarter of 2021, due to the integration of the properties acquired with the business merger with Fibra HD, as well as the purchase of a new industrial park .

The total area of the properties is 635,910 square meters, of which 75% are in operation and stabilization, 15% are in different phases of development and the remaining 10% are projects in planning and seeking financing.

Of interest: German companies expand with an investment of 6 million dollars in Jalisco

The management of Fibra Plus maintains as a strategy a plan to divest some assets, after having completed the integration of the properties acquired from Fibra HD.

“We are analyzing a possible recycling of the Fibra HD portfolio assets that are not aligned with our business objectives and whose divestment makes financial and economic sense,” said Gustavo Tomé, president of the Fibra Plus Technical Committee.

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