By: SiiLA México
Today, February 23rd, FIBRA SOMA carried out its initial public offering with the placement of 135,370,078 trust certificates, at an initial price of 50 pesos and raising more than 6 million pesos.
FSOMA is the first FIBRA focused on the real estate and architectural sector developed by Grupo Sordo Madaleno, which has more than 20 years of experience. This FIBRA comes to the market with ten properties in operation, two in its construction pipeline and one more in development, totaling more than 1,280 tenants, more than 680 thousand sqm of GLA in operation and an average occupancy rate of 93%; it is focused on retail, mixed-use and office assets, with a value of more than 85 billion pesos in assets. Properties in operation are: Plaza Universidad, Plaza Satélite, Angelópolis, Premium Outlets Punta Norte, Luxury Hall, Antea Lifestyle Center, Andamar I, Andamar II, Artz Pedregal and Premium Outlets Querétaro. Other assets under development include Reforma Colón, Expansión Antara and León.
Fibra SOMA marks a significant milestone for more companies to explore investment alternatives. "Today, Fibra SOMA is born, which is the result of more than 50 years of work; the properties of the initial portfolio will serve as a platform for real estate development in Mexico,'' said Javier Sordo Madaleno, president of Grupo Sordo Madaleno, which has a great commitment to the country and whose premises are very clear, focused on talent, honesty, efficiency and creativity.
Fibra SOMA will be the first real estate investment trust to be placed through BIVA and is just the beginning of Mexico's real estate vision for the future to remain at the forefront and leaders in the industry.
Learn more about Sordo Madaleano's properties and finance metrics in siila.com.mx