🔴Real Estate Diversification: Key to Navigating the Crisis
And having that diversification helps because deep down I already have Santiago, I have a good one, I have 19 percent of my assets, I think more or less in Santiago. Of all my office assets, I think it's sixteen percent. And I have them in Nueva Las Condes, I have them in San Damián and distributed. The people who left the center went to Providencia, those from Providencia went to Nueva Las Condes or even San Damián. I would say a lot to San Damián because the price is more or less the same. Of course, the location is not the same, but the price is more or less similar, slightly higher. At the time we were in with the whole outbreak, which has been safer than it was up there. The disadvantage is that the subway still has a little time to arrive, but in the end, diversification helps to ride the wave and the larger funds have been able to do quite well, which in our case, in the case of other competitors, I don't see them as competitors, they are complementary, in fact, we have them in some things we collide, but in general we have the structures of our assets are different We have continued distributing dividends, good dividends. Perhaps not exponential dividend growth as one might want, but it's not the real estate industry either. There will never be growth of 20 to 30 percent from one year to the next. That doesn't exist. And I'm not going to have drops of 20 to 30 percent from one year to the next. In recent years, asset values have deteriorated, one due to rate, another due to vacancies, what do I know? But in the end, I don't know, it has fallen 1, 2, 3 percent a year. We'll get to the office part, and in our case, it has been offset by the warehouse sector, which has grown more than 1, 2, 3 percent a year in terms of asset values. So, I see the industry as healthy, but calm.
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