Overview and Background
Mexican housing developer Vinte announced the acquisition of 100% of the shares of Derex Desarrollo Residencial, a company with over 20 years of experience operating in the northwestern regions of Mexico. Derex primarily focuses on social interest and middle-income housing sectors, with significant operations in Sonora and Baja California.
Derex’s Achievements
Derex has constructed more than 23,000 homes in these regions. The company currently maintains a leverage ratio of 2.25x EBITDA to Net Debt and builds approximately 600 homes annually in Hermosillo, Tijuana, and Nogales. Derex holds substantial land reserves in these areas to support its ongoing growth.
Vinte’s Recent Expansion
This acquisition follows Vinte’s purchase of another major player in the real estate sector, Javer, at the end of 2024. This strategic move has enabled Vinte to report 15,243 homes sold last year, adding to the over 72,000 homes constructed in nine of Mexico’s 32 states since its establishment.
Impact on the Housing Market
With this acquisition, Vinte strengthens its position in the Mexican housing market. The combined expertise and resources of both companies will likely lead to increased production, broader geographical reach, and enhanced service offerings for homebuyers in Mexico.
Key Questions and Answers
- Who is Vinte? Vinte is a prominent Mexican housing developer known for constructing affordable and middle-income homes across the country.
- What is Derex Desarrollo Residencial? Derex is a real estate development company with over 20 years of experience, focusing on social interest and middle-income housing sectors primarily in Sonora and Baja California.
- Why is this acquisition significant? The acquisition bolsters Vinte’s market presence, expands its production capacity, and enhances its ability to serve homebuyers in Mexico.
- What are the implications for homebuyers? Homebuyers can expect increased housing options, potentially more competitive pricing, and improved service quality as Vinte integrates Derex’s operations into its existing business.
