After having completed the acquisition of Fibra HD properties, Fibra Plus's next strategy is to start with the sale of non-strategic real estate in the commercial, educational and office sectors. Until last June, it had 22 assets identified for divestment, which have a combined value of 1,902 million pesos.

The resources that the company receives from this sale will be used to pay liabilities and to carry out new acquisitions that meet the objectives of its business strategy, mainly in the industrial, mixed-use, rental housing and shopping center segments.

“As part of the Fibra integration process, we are exploring the possibility of disinvesting in various properties that do not meet the occupancy, financial performance, location and growth potential standards,” said Rodrigo González Zerbi, CEO of Fibra Plus.

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Some of the projects to divest are 8 commercial assets, 8 offices and 2 educational, with a gross leasable area (GLA) of more than 80 thousand square meters (m2) and a valuation of more than 1,630 million pesos.

Plus another four assets for Fibra Plus that include 3 office projects and 1 commercial area, with a GLA close to 20 thousand m2 and an estimated value of 272 million.

The assets for sale are subject to change, depending on the evolution of the market and sector environment.

He announced that they are currently actively working on the divestment process of non-strategic assets with different recognized real estate brokers and also looking for opportunities through the internal team.

Héredit Acueducto is one of the properties in which they have finalized the sale of some of the office units, perceiving interest from various potential clients to acquire just over 33% of the area to be divested.

In the case of an office building, the interest of new prospects for the acquisition of the property was opened. "We will analyze the most viable option for the sale of the property," said the manager.

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Regarding Fibra HD's portfolio, some commercial and education assets are in advanced negotiations. If a sale is made, it will be made known to the investing public.

Fibra Plus ended the quarter with a portfolio of 58 properties, which together comprise 635,910 square meters (m2) of gross leasable area (GLA), comparing favorably against the 16 properties, with a GLA of 280,339 m2 registered in the second quarter of the 2022.

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