Fibra Terrafina, one of the most important real estate investment trusts in the country, specialized in industrial properties, has as its objectives the savings in sales and administration expenses that reach million-dollar amounts of between 6 and 8 million dollars.

In a conference held with stock market analysts, management pointed out that the application of these savings is expected after the internalization of the advisory services provided by PGIM Real Estate is completed.

Of interest: Silao is the main destination for industrial investments in Guanajuato

It is expected that in the short term the resolution on whether to no longer have external administration will be announced during a meeting of holders.

The internalization process has already obtained viable approval from the trust's practice committee and technical committee. Although votes and support from investors are pending.

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It was taken into consideration that this modification will be better aligned with the interests of its interest groups, which will be able to offer a more efficient cost structure that will generate benefits to a large extent as they continue to grow as a company, without forgetting that there will also be greater flexibility in the decision making.

Terrafina also commented that they continue studying the acquisition proposal by Fibra Prologis and other strategic alternatives.

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Original Note.