Fibers, the future of real estate in Mexico

The future of real estate in Mexico is in the fibers (Investment Trusts Real Estate), and optimal development since its inception in the country the guarantee, was the opinion of José María Garza Treviño, president of construction and development division of the construction Garza Ponce, who recently announced the sale of properties for signature Fiber One
Were 33 properties in total which gave the builder a Fiber One in the amount of 274.8 million dollars, comprising 29 buildings and four wickets, Garza Treviño said.

Operation in which the buildings were valued at 243.3 million dollars, while the land had a that amounted to $ 31.6 million.

"It is an important operation for us, not just for anyone, for the amount. We are selling a package of assets where we had a partnership with American investment fund, Clarion Partners. "

"The priority was to close this transaction, which has not yet been closed, was the announcement right now, there are still some details missing that the Federal Competition Commission authorizes it and a few legal details," said

"But we have a binding memorandum Funo guy, then, the truth is that right now we are focused on closing the transaction and will give us the month of November and December for an internal planning in detail to see what we do, how and when, "he said.

The manager mentioned that this is an operation that led in conjunction with its partners Clarion Partners; and capital for this transaction will serve to continue Garza Ponce's product development, focused on the market for industrial parks.

"That's what we are doing, we are the creators of the first industrial park figure here in Texas, so we have industrial parks here in the metropolitan area, Reynosa, something in San Luis Potosi and Aguascalientes."

"The idea is to follow a single line, which is the development of park and industrial buildings," he said.

Moreover, Garza Trevino explained that currently have under development an industrial park in Aguascalientes, called San Francisco, same as is in its fourth stage.

He also commented that the construction company has an equity stake in the project Interpuerto Monterrey.