Monterrey Fiber will invest US$155 million this year

Category: News
Published: 2019-03-12

MONTERREY – Fibra Monterrey, a trust dedicated to leasing industrial buildings and offices, plans to invest around US$155 million this year, said Jaime Martinez Trigueros, director of finance of Fibra Monterrey.

In an interview, he stated that he expects to make the first acquisitions during the first half of this year, since they have already identified a pipeline of potential acquisitions within the industrial and office segment.

Mr. Martinez explained that even with an environment of uncertainty and volatility, locally and globally, they continue to find investment opportunities.

“We have to pay attention to opportunities, beyond being optimistic or pessimistic, we have to be objective and look for opportunities where there is value,” he said.

He also said that if market conditions allow it, they will return to the market to make a subsequent issue of capital (follow-on) to finance their expansion plan, since last year they decided to wait for the right moment.

Source: El Economista