Real estate conversions, a new trend

2020 and 2021 represented great challenges for Real Estate Investment Trusts (Fibras), not only because of the adverse effects caused by the sanitary contingency, but also because new trends emerged, particularly regarding the use of office buildings.

Alejandro Delgado, Country Manager Mexico of SiiLA, believes that the reconversion of real estate will continue within the Fibras business in the country in the following years.

"At the end of the day, Fibras have an interest in the properties being rented, and if quarters go by and they are still empty, without tenants due to low demand, thinking about transforming the asset into a data center, a medical center or even housing makes sense," Delgado said.

Read the full article (in Spanish)