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Fibra Nova enters into a new lease agreement with Estra Automotive for the expansion of the property

Chihuahua, Mexico, April 4, 2022 - Banco Actinver, S.A. Institución de Banca Múltiple, Grupo Financiero Actinver Trustee of Trust F/2870 or Fibra Nova (BMV: FNOVA) Mexican infrastructure and real estate trust, informs the public that it signed an amendment agreement with Estra Automotive for the extension of the lease agreement. This agreement contemplates the expansion of the leased property in Monterrey by an additional 286.23 square meters and agrees to restart the lease term for 5 years from the date of substantial delivery of the new development with the option of two additional renewal periods for 3 years each. With this extension the ABR will total 53,311 square feet.

About Fibra Nova

Fibra Nova is a real estate investment trust (FIBRA) that commenced operations on August 3, 2017, identified as No. F/ 2870. Fibra Nova's strategy is mainly based on the acquisition, leasing, operation and development of real estate destined to sectors with economic dynamism and that capture the benefit of the demographic bonus such as the industrial, retail and educational sectors.

Read the full article (in Spanish)

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