The real estate trust specialised in shopping centres, FibraShop, announced through a statement the sale of the Kukulcan Plaza complex, subject to certain conditions.
The transaction is part of the company’s long-term objectives focused on strengthening its balance sheet, improving its financial levels and renewing its portfolio, to name a few.
“FibraShop continues to advance in the strategy of strengthening the balance sheet structure, a pillar in said strategy is the divestment of non-strategic assets; these assets are those that do not have the characteristics for the new ‘life centres’ strategy and the proposal that we are looking for in the future, because of its location or because of the markets in which we want to develop,” the company details in a statement.
The FibraShop document reveals that the sale price of Kukulcan Plaza was 850 million pesos and is mainly subject to authorization from the Federal Economic Competition Commission (Cofece), a process that has already been initiated.
