Fibra Nova (FNOVA), a Mexican infrastructure and real estate trust, announced that it signed with the multinational Electrolux the extension of the lease for an additional 13 years whose expiration will be until December 2035.

The real estate investment trust (fibra) explained in the statement published in the Mexican Stock Exchange (BMV) that the leased property consists of 191,877 square feet and is located in Ciudad Juárez.

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"This agreement confirms the confidence of our tenants to continue working with Fibra Nova," reads the notice to investors.

Fibra Nova is a real estate investment trust that began operations on August 3, 2017, mainly for the acquisition, lease, operation and development of real estate for the industrial, retail and educational sectors.

This announcement follows the one revealed last April, regarding the agreement to extend the lease agreement with Estra Automotive, a global Korean firm in the automotive industry.

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Fibra Nova reported that the new contract contemplates the expansion of the leased property in Monterrey by an additional 3,081 square feet.

Fibra Nova owns a portfolio made up of 109 properties and a total of 521,336 m2 of Gross Leasable Area (GLA) and 1,653 hectares of the agro-industrial portfolio.

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