Fibra Soma, which began trading on the Institutional Stock Exchange (Biva) in February this year, expects to end this 2021 with an average occupancy rate of 96% in its commercial properties, which would be the highest in its history.

The foregoing after the recovery during the third quarter of this year due to a “solid offer of the commercial asset portfolio and a great commercialization effort”, indicated the real estate investment trust (Fibra) owner of shopping centers such as Antara .

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"We were able to offer improved metrics across our entire portfolio, which gives us confidence in the expected recovery of the economy," he added in his latest financial report.

Between the months of July to September, the average occupancy reported by the company remained at levels of 95% and a total of 1,451 tenants.

"(Because) the fourth quarter of the year, which is usually very solid for our portfolio, and given the recent decrease in Covid-19 cases, we remain optimistic for the rest of the year," said José Juan Sordo Madaleno of Haro, general director of the real estate trust.

Fibra Soma owns shopping centers, mainly, but maintains diversification in the office and hotel segment. Considering the assets in operation and the projects under development, its gross profitable area is segmented into 74% commercial, 22% offices, and 4% hotel.

Fibra Soma also announced that the Park Hyatt project in Mexico City has been added to its initial portfolio, which consists of a five-star hotel, with approximately 162 rooms and suites, as well as an office building.

Of interest: Projections of the office market in Mexico for 2022

Currently, its portfolio has projects in the development and expansion phase such as the mixed-use Park Hyatt, Expansión Antara and Reforma, with which it expects its gross profitable area to increase to more than 715 thousand square meters, once they are fully operational .

The profitable area of the real estate development company exceeds 715 thousand square meters. Of these, approximately 465 thousand square meters represent the operating portfolio and approximately 250 thousand square meters represent the portfolio under development.

In Solili you can check offices available in Polanco, Reforma and Lomas Palmas

Original note