The Mexican industrial real estate and infrastructure trust, Fibra Nova, signed a 10-year lease with Stanley Black & Decker, one of the world's largest manufacturers of hand and industrial tools and fastening systems.

The Stanley Black & Decker company has a presence in 60 countries worldwide and has more than 53 thousand employees.

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The agreement was made on a 499 thousand square foot building located in Hermosillo, Sonora; with an approximate investment of 36.5 million dollars.

The trust detailed that the lessee is a company listed on the New York Stock Exchange based in New Britain, Connecticut.

Fibra Nova in its financial report for 2Q 2021 registered a total of 390 thousand 619 square meters of Gross Profitable Area and one thousand 654 hectares of the agro-industrial portfolio acquired in May.

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Additionally, it reported 100% occupancy at the end of the second quarter and its total revenues amounted to 153.1 million pesos.

Its General Director Guillermo Medrano indicated that he hopes to capitalize on important investment opportunities with foreign companies and thus incorporate new properties to his portfolio.

As of June 30, Fibra Nova's real estate portfolio consisted of 103 properties, located mainly in Chihuahua, Michoacán and Querétaro.

In Solili you can consult the Industrial Report of Chihuahua and Querétaro

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