The new Fibras seek to boost the real estate market in Mexico
Solili | December 24, 2021 |

In 2108 we saw the last large group of investment trusts enter the Mexican securities market, made up of Fibra Plus, Fibra Upsite, Fibra Educa and Fibra Storage, according to Amefibra's website.

That same year, the new Fibra Site also entered the market, whose business plan was based mainly on the acquisition, construction, installation, maintenance, operation and leasing of telecommunications towers and other structures that provide support to telecommunication antennas in Mexico.

In 2020, Fibra Soma from the renowned architecture group Sordo Madaleno did the same with 14 assets in its portfolio of 715 thousand square meters in properties of the commercial and mixed-use segment, including offices and hotels.

Of interest: 96% occupancy foresees Fibra Soma at the end of 2021

In 2021, even with the pandemic, the real estate investment trust market continued to attract more participants, including Fibra HAUS and Fibra Multifamily, the agro-industrial Agrofibra and Fibra ECO.

This last trust announced its soon to debut on the Institutional Stock Exchange (BIVA) as the first real estate investment vehicle under the sustainable seal.

For their part, Fibra Multifamily and Fibra Haus would be participating in the institutional housing rental business segment since their plans are aimed at acquiring and developing vertical housing properties for rent, seeking to raise resources of 2,300 and 2,500 million pesos, respectively. .

Fibra Multifamily, since October 2020, submitted its application while Fibra Haus estimates to make its debut during the first quarter of 2022 through the Initial Public Offering of Fiduciary Real Estate Stock Certificates in BIVA.

2020 and 2021 were years of great challenges for investment trusts where this important sector, which democratized public real estate investment in Mexico, had varied performances depending on the nature of the assets in their portfolios.

Trusts with a high concentration of industrial properties were favored by the excellent performance of the logistics sector and the momentum generated by manufacturing on the way to the recovery of the global economic cycle once the contagions of COVID-19 could be contained, due to the advance of vaccination guidelines and maintenance of sanitary measures.

Check here: Promising 2022 for the country's industrial developers

Other trusts with a greater share of commercial, hotel and office goods were differentially affected in a very marked way at the beginning of the pandemic but have gradually begun the gradual recovery although they have not yet reached the levels of the end of 2019.

The portfolios where there is greater exposure to corporate office assets have made great efforts to keep tenants, although they were not able to stop a large part of the vacancies that were registered at the end of 2020 and the beginning of 2021 and should continue exploring novel formulas towards formats of mixed uses or reconversions that we have seen start in 2021.

A 2022 full of opportunities awaits us where the stock market, led by the Mexican Stock Exchange (BMV) and BIVA, will start new and current operations that set standards of interest throughout the world, backed by industrial, commercial, and investment portfolios. environmental and institutional income commitments that will participate in Mexico throughout this new year to come.

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