Fibra UNO : FUNO® announces that its properties in Cancun, Q. Roo, did not suffer damage after Delta hurricane
October 07, 2020 at 07:35 pm EDT
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FUNO® ANNOUNCES THAT ITS PROPERTIES IN
CANCUN, Q. ROO, DID NOT SUFFER DAMAGE AFTER
DELTA HURRICANE.
Mexico City, México, October 7th 2020.
Fibra Uno (BMV: FUNO11) ("FUNO®" or "Fideicomiso Fibra Uno"), the first and largest real estate investment trust in Mexico announces that, as result of Hurricane Delta making landfall in Cancun, Quintana Roo, has carried out visual inspections of its properties located there and confirms that there is no visible structural damage after the initial inspection.
FUNO® will continue with the structural reviews according to its protocols and, if necessary, will carry out detailed structural reviews.
In addition, FUNO® informs that its properties have insurance coverage for damages derived from natural disasters, as well as rental loss coverage.
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About Fibra Uno.
Fibra Uno (Mexbol: FUNO11; Bloomberg: FUNO11:MM) is the first and largest FIBRA (REIT) in the Mexican market. It operates and develops a wide range of real estate assets for leasing, mainly in the industrial, retail and office segments. As of June 30th, 2020, Fibra Uno had a portfolio of 647 properties that totaled approximately 10.3 million sqm with footprint on all states of Mexico. Fibra Uno's strategy focuses in having the best locations, high-quality assets and geographic, segment and tenant diversification. Furthermore, FUNO ® management team has more than 30 years of expertise in development and operation of all segments of the real estate industry.
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Fibra UNO Administracion SA de CV published this content on 07 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2020 23:34:01 UTC
Fibra Uno Administracion SA de CV (Fibra Uno) is a Mexico-based company engaged in the operation of commercial real estate investment trust (REIT). The Company focuses on operating and developing a range of real estate assets for leasing, mainly in the industrial, retail and office segments. It aims at acquisition, development, rental and management of various types of commercial real estate projects in Mexico, including industrial, retail, office and mixed-use projects. The Company's portfolio comprises over 510 properties. Its business model includes portfolio management, maintaining relationships with tenants, sourcing of off-market acquisition opportunities, integration of acquisitions into portfolio, development and construction activity and growth of services businesses.