Introduction to ProximityParks and BBVA Mexico
ProximityParks, a company specializing in investment and development of industrial parks for last-mile logistics, has secured a green loan worth 1,200 million pesos from BBVA Mexico. This financing aims to optimize the company’s capital structure and drive its growth.
BBVA’s Sustainable Financing Framework
The loan was structured under BBVA’s Sustainable Financing Framework, acknowledging the sustainable characteristics, energy-efficient equipment, and environmental certifications of the assets supporting ProximityParks’ operations.
Quotes from Mario Berlanga, CEO and Co-founder of ProximityParks
“This funding marks a new milestone in our growth. It optimizes our capital structure, boosts profitability, and reinforces the financial system’s confidence in our investment thesis,” said Mario Berlanga, CEO and Co-founder of ProximityParks.
ProximityParks’ Assets and Growth Strategy
With over 10,000 million pesos in assets under administration and an investment program of 8,000 million pesos projected between 2024 and 2028, ProximityParks continues its expansion strategy in Mexico’s major urban markets.
The company reported that the funding from BBVA will strengthen its ASG (Environmental, Social, and Governance) model, focusing on sustainable logistics infrastructure development in strategic city locations.
Strategic Portfolio
ProximityParks’ properties are located in Mexico’s leading metropolitan areas, enabling logistics and e-commerce companies to reach end consumers more efficiently.
This strategy facilitates quicker, cost-effective, and environmentally friendly deliveries, benefiting both businesses and millions of consumers.
“We are proud to collaborate with BBVA, an institution that shares our vision of urban regeneration through sustainable infrastructure development driving modernity and economic growth in the country,” added Berlanga.
Impact of BBVA Funding on ProximityParks
The new financing will allow ProximityParks to maintain its growth pace and solidify projects promoting efficient urban logistics amidst the booming e-commerce sector in Mexico.
Current Projects
ProximityParks has ongoing projects, such as an industrial park for last-mile logistics in Monterrey’s metropolitan area, Nuevo León. This development will feature 17,254 square meters of construction with a $25 million investment.
Key Questions and Answers
- What is ProximityParks? ProximityParks is a Mexican company specializing in investment and development of industrial parks for last-mile logistics.
- What type of financing did ProximityParks secure from BBVA? ProximityParks obtained a green loan worth 1,200 million pesos under BBVA’s Sustainable Financing Framework.
- How will this financing impact ProximityParks? The funding will optimize capital structure, boost profitability, and reinforce confidence in ProximityParks’ investment thesis.
- What is ProximityParks’ growth strategy? ProximityParks aims to expand in major urban markets, focusing on sustainable logistics infrastructure development.
- What ongoing projects does ProximityParks have? One notable project is an industrial park for last-mile logistics in Monterrey, Nuevo León, with a $25 million investment.
