Founded: 1976 (43 years)
HQ: Mexico City, D.F., Mexico
Type of REIT: Equity REIT
Listing Status: Public
REIT Sector: Retail, Office
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We are a Mexican REIT dedicated to developing, owning, leasing, operating and acquiring iconic and premier quality commercial real estate assets in Mexico. Our current portfolio consists of 15 properties including shopping centers, offices and mixed-use projects. We define a premier iconic real estate property as an asset that has the unique ability to transform and add value to its surroundings, also it has to be developed with the highest standards of construction and design, inhabited by high quality tenants and, in the case of malls, if it reports a high and steady volume of visitors. Our strategy is to build, acquire, own and lease premier iconic real estate mainly focused on malls and offices. Our portafolio consisits on 13 premier quality properties in the best metropolitan areas of the country, as well as 2 developing projects ; we are focused on quality, not on the amount of properties. At the end of September 2017, we reached 765,000 sqm GLA. Since our initial public offering (IPO), at the end of 2013, we have added 498,000 sqm of premier quality assets to our real estate portfolio, which represents an annual compound growth rate of 30%. Since 2008, our portfolio has maintained an average occupancy rate of 98%.