Fibra UNO
FBASF
$1.65
$0.1610.74%
OTC PK
Corporate Info
Website
Phone Number
52 55 4170 7070
Address
Antonio Dovali Jaime No. 70
11th Floor Tower B, Santa Fe
Alvaro ObregOn Mayor's Office
Mexico City, DF 01210
11th Floor Tower B, Santa Fe
Alvaro ObregOn Mayor's Office
Mexico City, DF 01210
Country
Mexico
Year Founded
2011
Details
Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Employees
Business Description
The Fibra Uno Trust ("Fibra One") was established as a real estate trust on January 12, 2011, by Fibra Uno Administración, S. A. de C. V., (the "Settlor") and Deutsche Bank Mexico, S. A., Institución de Commercial Bank, Fiduciary Division ("Deutsche Bank Mexico") as Trustee. Fibra Uno began its operations in March 2011 and was established primarily to acquire and hold real estate properties for the purpose of to lease and develop commercial, industrial and mixed-use properties, as well as office buildings and land, in the Mexican market. On June 29, 2018, Fibra Uno entered into a fiduciary substitution agreement, effective as of July 1, 2018, appointing Banco Actinver, S.A. Multiple Banking Institution, Grupo Financiero Actinver ("Actinver") as the new trustee of Fibra Uno, replacing Deutsche Bank Mexico. Consequently, the name of FibraUnohaschangedtoFideicomisoFibraUno (BancoActinver, S.A.InstitucióndeBancaMúltiple,Grupo Financial Actinver). Fibra Uno, as a real estate investment trust ("FIBRA"), qualifies to be treated as a transparent entity in Mexico for purposes of the Income Tax Law ("LISR"). Therefore, the taxable income generated by the operations of Fibra Uno is attributed to the trustees or holders of its, Certificados Bursátiles Fiduciarios Inmobiliarios ("CBFls") for tax purposes and therefore Fibra Uno is not, subject to Income Tax in Mexico. To comply with FIBRA requirements, the Congress of the Union, through the Mexican Tax through the Mexican Tax Administration Service ("SAT") has established, in articles 187 and 188 distribute at least 95% of their taxable income to the holders of the CBFls issued.