Fibra Mty (FMTY14), real estate investment trust for the industrial and office sector in Mexico, announced the sale of a property, called Casona Los Mochis, in the state of Sinaloa, for which it received 70 million pesos.

The company explained that the divestment of the property is part of its portfolio purification strategy, as well as investing in the country's primary markets, located in the North, Center and West.

It is an industrial building of 7,985 square meters of profitable gross area, which it acquired in May 2015, currently occupied by a tenant from the automotive sector. It generates an annualized net operating income (NOI) of approximately 7.1 million pesos.

We recommend: Evolution of the real estate market through FIBRAs

"The resources from this provision will be used for the expansion of one of our industrial buildings located in Saltillo, Coahuila, which was announced on June 3," Fibra said in a statement.

On that same date, it announced the closing of the purchase of an office building called La Perla, in Zapopan, in Jalisco, which is valued at 1,822.7 million pesos.

"We consider that the transactions are positive by generating a reactivation in the issuer's strategy and by reinforcing its participation in the industrial sector," said stock market analysts from Grupo Financiero Monex.

Fibra Mty closed the first quarter of the year with 59 properties in its portfolio, including 18 for office use, 35 for industrial use and 6 for commercial use. It registered a total of 713,925 square meters of Gross Profitable Area and an occupancy rate of 92.6%, calculated by ABR.

Do you want to know the availability of the most important industrial markets monitored by Solili? Do a search and do not forget to consult the markets section to observe the behavior of its key indicators.

Read the original article