by Ben Edwards
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Bright spots amongst the grey for Mexico’s real-estate market |
In Mexico City’s upmarket Lomas neighbourhood there is a skyscraper that locals have dubbed ‘El Dorito’ because of its inward-sloping side that resembles the wedge-shaped corn chip. Torre Virreyes, the building’s official title, is the most iconic product of Mexico’s booming real estate investment trust market and a symbol of its early success.
Mexican Reits – Fideicomisos de inversion en Bienes Raices, or Fibras – have grown rapidly over the last five years, jumping from just one in 2011 to around a dozen in early 2016.
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