Fibra Storage, a real estate investment trust specialized in the development and leasing of mini warehouses, acquired a property that included an investment of 26.6 million pesos (mdp).

The property, which is located south of Mexico City, on Insurgentes Avenue, consists of three levels and is part of a mixed-use development, with a commercial and residential component.

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"It is expected to immediately start the development process of a branch that will operate under the U-Storage brand," Fibra Storage reported in a statement sent to the Mexican Stock Exchange (BMV).

This acquisition is the second made by Fibra Storage in 2022. The first was formalized on April 26 and included an investment of 72.9 million to acquire land in Mexico City.

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With this property, which is located in the San Miguel Chapultepec neighborhood, Fibra said that it will develop a self-storage warehouse that will operate under the U-Storage brand.

Fibra Storage reports a portfolio with 33 properties, of which 26 are in operation, the remaining seven are land for future development. The Gross Rentable Area is 150 thousand 341 square meters. Occupancy was 77.5% at the end of the third quarter of 2022.

In Solili you can consult industrial warehouses available in Guadalajara y Querétaro

Original note