Fibra Upsite prepares for its debut on the Mexican Stock Exchange (BMV) on June 7, after having postponed it; this because he modified his initial plan, he planned to carry out the initial public offering (IPO) on February 15 to raise up to 2,880 million pesos. The amount has now been reduced to 600 million pesos.

The Real Estate Investment Trust (Fibra) highlighted that it will specialize in the development of industrial properties, aimed at SMEs, a market that they consider to be unattended in the real estate market.

The start-up plan is to develop five projects in the states of Mexico, Guanajuato, Chihuahua and Baja California. Its proposal is the development of shared spaces (coworking), which will include clusters, industrial buildings and offices within the properties.

"The target market is the 490,000 manufacturing companies that participate in sectors such as pharmaceutical, biotechnology, agroindustrial; manufacturing (...) A significant number of these companies face funding and capital limitations that prevent them from operating in efficient spaces ", the issuer specifies.