The International Finance Corporation (IFC), a member of the World Bank Group, has granted a $150 million sustainability-linked loan to FIBRA Macquarie México, a Mexican real estate investment trust. This funding will support the development of new green industrial parks in several key Mexican cities, including Mexico City, Monterrey, Ciudad Juárez, Reynosa, and Tijuana. The initiative covers 2 million square feet in gross leasing area.
It also includes energy efficiency upgrades for existing properties funded under IFC’s Green Pathways to support Real Estate Institutional Portfolios (GRIP) decarbonisation programme.
FIBRA Macquarie México’s Chief Financial Officer, Andrew McDonald-Hughes, highlighted the benefits of the new credit facility, stating it enhances financial flexibility and supports the company’s growth initiatives driven by nearshoring trends.
Juan Gonzalo Flores, IFC Country Manager for Mexico said, “The real estate market in Mexico is becoming greener. IFC is committed to promote greater sustainability in Mexico’s real estate sector, especially in the industrial assets sector, a key area to take advantage of the historic opportunity represented by nearshoring. This effort with FIBRA Macquarie will contribute to meet the demand for modern and sustainable industrial parks.”