Fibra HD announced that Fibra Plus intends to acquire up to 100% of its real estate trust certificates (CBFIs) in order to combine businesses and take control.

Separately, Fibra Plus explained that the compulsory takeover bid will be for the change of control and the consideration of which would be fully settled with securities issued by FPLUS16.

Currently, the Fibra HD has just over 437.8 million real estate trust stock certificates in circulation and each one has a price of 4.28 pesos, according to information from the BMV.

Fibra HD is a real estate trust focused on the leasing of properties in the commercial sector (51%); industrial (31%); educational institutions (13%); and offices (5%), with locations in Mexico City, State of Mexico, Sinaloa, Puebla, Durango, Tabasco, among other entities in the country.

Fibra HD currently has a portfolio with 41 properties totaling 309,000 square meters of profitable area, has 468 tenants and reports an occupancy rate of 90.5 percent.

Fibra Plus is an investment trust focused mainly on real estate development. It has a portfolio with 16 projects totaling 280,339 square meters of profitable area.

According to the real estate platform Solili, in Mexico City there is an inventory of offices of 11 million 292 thousand 883 square meters of which there are 2 million 249 thousand 988 square meters vacant.

The severe vacancy in the corporate spaces of the metropolitan area of the capital is due to the regulations that the health emergency caused by COVID-19 has brought with it and that has forced companies to work remotely.