FOR THE DEVELOPMENT OF THE NORTH PORTAL
Fibra Uno (BMV: FUNO11) ("FUNO" or "Fideicomiso Fibra Uno"), the first and largest real estate investment trust in Mexico and Latin America announces that on March 31, 2022 we have signed a strategic alliance with AXA Seguros® for the Portal Norte mixed-use development, located in Satélite, Naucalpan, State of Mexico.
The project's investment amounts to approximately 3.5 billion pesos, of which 2.5 billion pesos come from the contributions of FUNO® and AXA Seguros® in a proportion of 80% and 20%, respectively.
In line with the commitments of both companies to ESG principles, the project contemplates that the development will be LEED or EDGE certified, depending on which certification scheme is most appropriate for the tenants.
The mixed-use development comprises 66,000 m2 of gross rentable area (GRA).