Fibra Uno (Funo), the real estate investment trust with more than 11.2 million square meters (m2) of rentable space, will invest 7 thousand 240 million pesos (mdp) in 3 projects that it has in different stages of construction, which in total they represent 148 thousand 541 m2 of gross rentable area (GLA).

The projects of the commercial segment and mixed uses will be ready between 2023 and 2024, which are located in the states of Chiapas, Monterrey and in the Metropolitan Area of Mexico City, according to information reported in its financial report for the third quarter of this year.

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One of these developments is Portal Norte, a mixed-use project with a total of 66,561 m2 of GLA, where it will house commercial spaces, medical offices, and a hospital located in Satelite, in the Metropolitan Area of Mexico City. The investment is estimated at 3,500 million pesos and will end during the fourth quarter of 2024.

Another project underway is the Tapachula shopping complex, located in the state of Chiapas, with a rentable space of 32,248 m2 and an investment of 890.5 million pesos.

The expansion of the Galerías Valle Oriente shopping center, located in Monterrey, Nuevo León, will offer a leasable area of 49,732 m2, for which Funo will allocate an investment of 2,850 million pesos.

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Another of the projects that remains latent within the Fibra Uno portfolio is the second stage of the Mítikah mixed-use development, located south of Mexico City, after the inauguration in September of the Mítikah shopping center with 120,000 m2 of GLA.

However, the deputy general director of the real estate trust explained in November that they are still analyzing the components that will make up this complex.

In Solili you can consult offices in the Norte, Insurgentes and Lomas Altas 

Original note