Wednesday, July 2, 2014

Fiber One wants to enter the "top ten" real estate

The purpose of the Investment Trust Real Estate One is that year's end is positioned within the global top ten by market value, said Gonzalo Robina, deputy general manager.

After his fourth public offering of trust bonds (CBFI), who performed Wednesday at the Mexican Stock Exchange (BMV), Fiber One caught 32 thousand 816 million pesos, which placed it at number 14.

"With this placement we became the world number 14 Fibre, we being very close to our competitors; waited in a relatively short time to be in the top 10; if the market allows and continues to support, maybe later this year. "

He indicated that growth is based on opportunities they are seeing in the country to continue to invest and also a successful strategy to distribute these resources obtained from the placement, if done in a timely manner may enter the place wish.

Moreover, the growth for the rest of our competitors, given the time they have on the market, and is very stable and is very marginal; "We still have this opportunity to front and are taking, we have to be great among greats, we must be competitive level and size that puts us one more important players."

He stressed that the achievement that has had so far is noteworthy, since in the U.S. the market for fiber, or as they are known there: ritz, has 50 years in the financial system in Mexico is just three years Fibra Uno which was the pioneer.

Of these 32 thousand 816 million pesos raised by the offer of 800 million 400 thousand CBFI said 5 billion will be used to pay debt and the remainder for the acquisition of new properties to expand their portfolio of properties.

On the other hand, said they hope to have a purchasing power of up to 60 billion dollars to develop properties and estimate no more than one year.

Although Robina said that its growth is not based on performance that may have structural reforms, they expect themselves to be benefited by them

Prologis

Fiber Prologis has decided to focus on only six states in the country, which considers strategic for the development of industrial buildings.

The newly created fiber, which debuted at the BMV few days ago, considered Mexico City, Guadalajara, Monterrey, Juarez, Tijuana and Reynosa as the main logistics centers. The properties that make up the portfolio are 177.

Its strategy is based on having properties near consumer markets. Prologis is a world class player, placed in 21 countries, and is one of the competitors of Fiber One.

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