After completing the Zeuss portfolio transaction in March 2023, Fibra Mty, a real estate investment trust, is preparing to invest at least $180 million during the first half of 2024. These investments will allow Fibra to carry out expansions and new acquisitions of industrial warehouses, in the midst of the effect of the reconfiguration of supply chains.

In an interview for Econohabitat, Javier Llaca, director of operations and acquisitions of the company, confirmed that so far expansions have been signed with existing tenants for an amount of 49 million dollars and there are an additional 41 million dollars in negotiation.

Check here: Starts of industrial construction soar 2.7 times compared to October 2022

Additionally, the trust signed a letter of intent for a portfolio with a value of 80 million dollars, made up of 15 industrial warehouses located in the main markets of the northeast and Bajío of the country. About 60% of these properties are related to nearshoring, specialized in manufacturing and logistics, the manager commented.

This expansion will allow Fibra Mty to add 300 thousand m2, which represents a growth of 20% compared to the gross profitable area that the trust currently has.

In turn, Roberto Solano, Manager of Economic, Exchange and Stock Market Analysis of Grupo Financiero Monex, confirmed that in 2024 there will be four consecutive years where the industrial sector is consolidated as a favorite of real estate fibers.

Of interest: Industrial demand in Querétaro doubles compared to October 2022

These investments, planned for 2024, will bring Fibra Mty closer to a leverage level close to 35%, so the launch of a public offering on the Stock Exchange could be expected the following year to capitalize the company again.

At Solili you can consult industrial warehouses available in Monterrey, Tijuana and Saltillo

Original note