Fibra UNO : Funo® reports no damages on its properties located in areas affected by the earthquake
September 08, 2021 at 10:42 pm IST
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FUNO® REPORTS NO DAMAGES ON ITS PROPERTIES LOCATED IN AREAS AFFECTED BY THE EARTHQUAKE
Mexico City. September 8th, 2021.
Fibra Uno (BMV: FUNO11) ("FUNO" or "Fideicomiso Fibra Uno"), the first and largest real estate investment trust in Mexico and Latin America announces that after an initial inspection of its properties located in areas affected by yesterday´s earthquake, no major damages have been reported.
FUNO is currently conducting structural soundness assessments on all properties in the areas affected by the earthquake.
Furthermore, FUNO announced that it has broad insurance policies that cover both damages from natural disasters and losses of rent revenue.
About Fibra Uno.
Fibra Uno (Mexbol: FUNO11; Bloomberg: FUNO11:MM) is the first and largest FIBRA (REIT) in the Mexican market. It operates and develops a wide range of real estate assets for leasing, mainly in the industrial, retail and office segments. As of june 30th, 2021, Fibra Uno had a portfolio of 634 properties that totaled approximately 10.8 million sqm with footprint on all states of Mexico. Fibra Uno's strategy focuses in having the best locations, high-quality assets and geographic, segment and tenant diversification. Furthermore, FUNO ® management team has more than 30 years of expertise in development and operation of all segments of the real estate industry.
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Fibra UNO Administracion SA de CV published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 17:11:02 UTC.
Fibra Uno Administracion SA de CV (Fibra Uno) is a Mexico-based company engaged in the operation of commercial real estate investment trust (REIT). The Company focuses on operating and developing a range of real estate assets for leasing, mainly in the industrial, retail and office segments. It aims at acquisition, development, rental and management of various types of commercial real estate projects in Mexico, including industrial, retail, office and mixed-use projects. The Company's portfolio comprises over 510 properties. Its business model includes portfolio management, maintaining relationships with tenants, sourcing of off-market acquisition opportunities, integration of acquisitions into portfolio, development and construction activity and growth of services businesses.