The International Finance Corporation (IFC), part of the World Bank Group, has announced an MXN 6,011 million (US$301 million) financing package to support Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte) in expanding access to affordable, energy-efficient housing in Mexico. The Vinte Green PCG Project aims to address the country’s housing deficit while contributing to climate goals through sustainable building practices.
The financing includes an “A” loan of MXN 1,150 million (US$58 million) to fund Vinte’s acquisition of real estate developer Servicios Corporativos Javer S.A.B. de C.V. (Javer). The funds will also support post-acquisition investments and operational needs. In addition, IFC plans to mobilise up to MXN 4,861 million (US$243 million) from private sector sources, enhancing Vinte’s ability to access local bond markets amid challenging economic conditions.
The project emphasises adherence to green building standards and environmental sustainability. Vinte, a prominent developer of EDGE-certified homes, plans to certify at least 90% of its new developments, ensuring significant energy and water savings in residential properties. This aligns with Mexico’s climate change mitigation strategies and broader sustainability goals.
IFC’s investment is expected to have a broader developmental impact, including increased availability of affordable housing and improved resource efficiency in the Mexican housing sector. By encouraging the adoption of green building practices, the project aims to drive competitiveness in real estate while advancing sustainable housing solutions in the country.
The Vinte Green PCG Project also supports Mexico’s strategic priorities by fostering private sector investment in sustainable infrastructure. It represents a step forward in addressing critical development challenges while promoting energy-efficient and environmentally friendly housing initiatives.
“Thanks to the strong strategic relationship with partners such as the IFC, Vinte has become the homebuilder with the largest number of EDGE homes certified worldwide and has been able to grow in total annual revenues more than 24x since 2008, considering Javer acquisition´s proforma as of the 3Q of 2024,” said Domingo Valdés Díaz, CFO and Board Member.
“IFC’s investment in Vinte underscores our commitment to supporting sustainable and inclusive housing solutions in Mexico,” said Juan Gonzalo Flores, IFC’s Country Manager for Mexico. “By expanding access to affordable, green housing, we are addressing critical development challenges and contributing to Mexico’s climate goals.”
