Fibra Uno validates components of Phase II of Mítikah
Real Estate Market | November 25, 2022 |

There is still no date for the start of the project, components that will make up the complex are being analyzed, but it could include offices, housing and a hotel

After the Mítikah Shopping Center came into operation, the Fibra Uno administration is still analyzing the components that will make up the Phase II project of the complex located south of Mexico City.

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Gonzalo Robina, deputy general director of the largest real estate investment trust in the country, commented that the start of the second phase of the Mítikah project does not yet have an estimated date for its construction.

“Phase II of Mítikah is not currently being considered to start. We are waiting to see the moment in the market in which we can be ready, but the truth is that we are now analyzing when would be the good moment to start it”, pointed out the manager.

However, he said that among the concepts that could be included are office towers, hotels, as well as residential housing. Although there is nothing defined to date.

He pointed out that the analysis must be very precise because it is about 100 thousand more square meters of rentable area. "Within the analysis that we are doing is what other concepts we can include in this Phase II," Gonzalo Robina stressed.

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"Given the success of the housing tower, it could also have a residential component, but it is not defined exactly what it is going to include and when we are going to start, but it is a reality," he said.

Regarding the resources to finance this new stage of Mítikah, the deputy general director of Fibra Uno explained that they will continue to contemplate the joint venture with the Development Capital Certificate (CKD), called Helios.

The real estate trust inaugurated the Mítikah shopping center in September, consisting of 120,000 square meters of gross rentable area.

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