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Inmobilia acquires a majority interest in a shopping center in Mérida

- November 26, 2023

The newly acquired interest represents 51.20% of the total ownership of the shopping center and is also a strategic step to strengthen Inmobilia Management’s presence and portfolio in a key location.

Inmobilia Management, a subsidiary of Grupo Inmobilia specialized in the development, marketing and sale of real estate developments in Mexico, announced the acquisition of a majority interest in a shopping center located in Mérida, Yucatán.

The newly acquired interest represents 51.20% of the total ownership of the shopping center, the company said in its statement. Although the financial details of the operation were not revealed, the acquisition is a strategic step to strengthen Inmobilia Management’s presence and portfolio in a key location such as Mérida.

The transaction, which dates back to November 9, 2023, was carried out in compliance with the agreements established during the trust’s Technical Committee session, dated July 21, 2022.

The company, recognized for its comprehensive approach to real estate development and management, seeks to expand its presence and consolidate its position in strategic markets. Mérida, with its economic growth and cultural attraction, represents an opportunity for Inmobilia Management.

Another of the projects that has been undertaken this year is The Reserve at Mayakoba, a residential development that is being built on a 66,408 square meter plot of land, within Mayakoba, and will allocate 65% of its area to the conservation of the surrounding nature.

This project, in association with Sancus Capital Partners, includes an investment of more than 3 billion pesos. The development consists of the construction of 72 exclusive residences that will be delivered to their owners throughout the year 2025.

Inmobilia’s plan is to develop this project in 2 phases, each of them composed of 8 towers with 9 apartments, including 4-bedroom penthouses, with dimensions ranging from 150 to 540 square meters.

Source: Real Estate Market