The real estate investment trust market (Fibras) continues to attract more participants. Today there are four companies that are on the verge of making their debut on the Institutional Stock Exchange (Biva).
Through their public offering, the issuers as a whole hope to attract more than 14 billion pesos and offer exposure to new sectors of real estate in Mexico that until today is not represented among the fibers listed in the stock market
The new real estate segments in which these trusts participate are institutional rental housing under the proposal of Fibra HAUS and Fibra Multifamily; as well as the agroindustrial with Agrofibra and in the building with a sustainable approach is Fibra ECO.
Fibras are investment instruments that emerged 10 years ago. There are currently 16 listed on the country's Stock Exchange. They are primarily engaged in the leasing of offices, shopping centers, warehouses and industrial parks, as well as hotels and educational establishments.
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Fibra HAUS will seek to list the option of investing in the rental housing business on the stock market. With the sale of its real estate trust certificates, it aims to raise up to 2,500 million pesos.
However, its IPO is projected to be for next year and it will allocate the resources to develop new projects, starting in Mexico City and Querétaro, cities relevant to the real estate business and with high growth potential in rental housing of the middle and residential segments.
Fibra Multifamily will arrive in the same business segment, which since October 2020 submitted its application and the most recent information shows that its purpose is to raise capital among the investing public for up to 2,300 million pesos.
In a document, he even contemplated that his debut in the stock market would take place in this month of November and his plan is to acquire and develop vertical housing properties for rent.
In the same presentation it is read that in Mexico there are 33 million inhabited dwellings that cover all segments of which 5.1 million are rented.
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Agrofibra shows, in a presentation to investors, that it plans to raise up to 6,037 million pesos, including the over-allotment option and would place its papers this month.
The new fiber is focused on "acquiring real estate destined predominantly to the agri-food activity, to related or complementary services in the sector and for general corporate uses".
At the end of last September, Fibra ECO made public its plans to list it on the Stock Market.
With its launch, it estimates to capture 180 million dollars (around 3,738 million pesos considering an exchange rate of 20.77 pesos per greenback).
This will be the first environmental impact investment vehicle in Mexico, so its proposal is to acquire leased buildings to green them, by applying efficiencies in their operation, making updates (retrofits) with the implementation of new technologies and achieving their EDGE certification.
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