In order to refinance its debt, as well as to execute its property development and acquisition plan, Fibra Storage has started the process to issue debt for 1,500 million pesos in the Mexican Stock Exchange (BMV), with which it would be making its debut in the local debt market.

The issuer stated in the documents presented in the stock market that the offer plans to make on May 13 and will do so under two tranches that will have different terms and interest rates.

One will expire on May 4, 2028 and at a fixed rate. The second is effective on May 8, 2025 and will offer a variable interest rate.

Fibra Storage is a Mexican trust specialized in operating and developing mini-warehouses for self-storage in Mexico for different types of clients. Sizes range from 2 square meters (lockers) to 100 square meters.

It has 21 properties of which 16 are in operation, seven stabilized and nine in the stabilization process. Additionally, it has five lots for future development.

Mexico City, with more than 21% of the industrial inventory nationwide, increased its capacity in the last three years with the so-called CTT (Cuautitlán, Tultitlán and Tepotzotlán) which in turn represented about 63% of the capital's inventory.

As a result of the pandemic, the department stores and distribution centers that are located in peripheral areas of the city have been reconfigured on the premise of facilitating storage, collection and returns areas closer to the final consumer that speed up delivery times.

According to the Solili real estate platform, although during 2020 there was a stagnation in the construction of industrial spaces in the Valley of Mexico, for the last quarter of last year the start of the construction of 150 thousand square meters was reported, the area being North where more developers expand or modify their inventories to suit demand.