Plus took over the management of Fibra HD on October 19, the date on which the transaction was settled and on which it bought 70.9% of the counterparty's outstanding capital stock, thus Fibra Plus became the seventh investment trust in real estate.

This was the first fiber merger to take place in Mexico after 11 years of launching these investment instruments in the real estate sector, with which Fibra Plus, chaired by businessman Gustavo Tomé, consolidates a portfolio with 58 properties and an area gross profit of 589 thousand 389 square meters, of which 39% would be commercial, 32% industrial, and the rest offices, housing and education.

Check here: Fibra Haus aims at a market of 340 million pesos in 10 years

The Fibra HD Public Offering ended on October 14, with a total exchange of 309.9 million real estate trust stock certificates (CBFI), equivalent to 70.9% of the certificates in circulation.

"This operation will provide a strong boost to the growth of Fibra Plus and will provide various synergies that will increase the valuation of the merged vehicle," said Fibra Plus in its latest quarterly financial report.

He pointed out that the consolidated operation of both fibers will be reflected in the next quarterly report, Fibra Plus officially took over the direction of Fibra HD on October 19, the date on which the transaction was settled.

Of interest: Funo exceeds its Net Operating Income prior to the pandemic

Fibra HD has Assets of more than 6 billion pesos and an equity of more than 3 billion pesos, which will result in an increase in the consolidation of Fibra Plus results of more than 70% in assets and more than 45% in equity, as well as more than 300% in net operating income.

Regarding the next steps of Fibra Plus, Gustavo Tomé commented "even in difficult times there are opportunities to grow and consolidate", also reiterated his commitment and plans to continue investing in Mexico so that the country does well and strengthens economically after the times that we live.

In Solili you can consult industrial warehouses available in Mexico City, Monterrey and Tijuana

Original note