IDB Invest, DEG Extend US$150 Million Loan Facility to Fibra Nova

The Interamerican Development Bank’s (IDB) financial branch, IDB Invest and the German Development Bank (DEG) granted a loan to Mexican Real Estate Investment Trust (FIBRA) FIBRA Nova. The US$150 million loan will allow the company to continue to expand its build-to-suit (BTS) model. 

According to IDB Invest, the financial structure establishes a long-term loan facility of up to US$100 million provided directly by IDB Invest, alongside a co-financing tranche of up to US$50 million committed by DEG. The 7-year financing agreement was executed through Banco Actinver, which acts as the institutional trustee for FIBRA Nova. The FIBRA stated that the transaction secures long-term capital under competitive commercial conditions, ensuring execution certainty for its active development pipeline and general corporate growth strategies.

According to FIBRA Nova, the funding is allocated toward the construction, development, and administrative management of new industrial assets. The primary geographic focus of the infrastructure program is anchored in the state of Chihuahua, where new inventory aims to absorb expanding demand from manufacturing and export-oriented corporations. "With this operation, Fibra Nova secures financial resources under competitive and long-term conditions, which grants certainty to the execution of its projects under development and consolidates its position as a key player in the industrial real estate market in Mexico,” reads the company filing to the Mexican Institutional Stock Exchange (BIVA)

FIBRA Nova’s Recent Lease Agreements 

Fibra Nova corporate filings submitted to BIVA indicate an expansion of its localized tenant portfolio through the execution of two long-term industrial lease agreements in Chihuahua. 

On May 29, 2026, the real estate trust secured a 10-year triple net (NNN) lease agreement with a prominent North American home improvement and construction materials corporation. The tenant will occupy a BTS distribution center encompassing approximately 11,747m² (126,440ft²). The contract contains a functional expansion clause valid for the initial 24 months, granting the tenant an option to acquire an adjacent plot measuring approximately 22,971 m² inside the Bafar Norte Industrial Complex. 

Subsequently, on June 3, 2026, FIBRA Nova finalized a 5-year NNN lease with an international e-commerce logistics and express delivery service provider operating across Asia, Latin America, and the Middle East. The transaction covers a BTS logistics and warehousing hub totaling 7,684m². The real estate asset is located within the Bafar Industrial Park.

FIBRA Nova’s 2026 Portfolio Distribution

Operational indicators from FIBRA Nova highlight a high concentration of its portfolio in Chihuahua. According to the company, Chihuahua represents 52% of assets, supplemented by Ciudad Juarez at 18%, Michoacan at 8%, Tamaulipas at 5%, Sonora at 5%, Jalisco at 3%, Queretaro at 2%, Nuevo Leon at 2%, and other locations comprising the remaining 2%. The entire real estate portfolio maintains a 100% occupancy rate. Furthermore, the commercial currency framework offers a hedge against currency risk, as 68% of total revenue derives from US dollar lease contracts, while 32% is generated in Mexican Pesos.

Segment allocation shows a strong focus on the industrial sector, which accounts for 68% of properties, followed by agroindustrial at 13%, educational at 7%, engineering centers at 5%, logistics at 4%, and commerce at 3%.