IFC Backs FIBRA Macquarie’s US$50 Million Green Parks Plan

The International Finance Corporation (IFC) is expanding its push for energy-efficient industrial infrastructure in Mexico through a new investment in FIBRA Macquarie, one of the country’s largest developers and operators of industrial real estate. The financing targets new industrial parks in Mexico’s main manufacturing and logistics corridors, as demand for modern space accelerates alongside nearshoring-driven supply chain shifts.

Industrial parks have become a core platform for Mexico’s industrialization model, connecting manufacturers, suppliers and logistics operators in a single ecosystem. According to the Mexican Association of Private Industrial Parks (AMPIP), industrial parks currently support over 3 million jobs across roughly 480 parks that host more than 4,000 companies. AMPIP also estimates that each additional one million square meters of gross leasable area can generate several thousand permanent, direct formal jobs, highlighting how new capacity can translate quickly into employment and local supplier development. 

Sanaa Abouzaid, Regional Director for Mexico and Central America, IFC, frames the investment as a way to convert Mexico’s nearshoring opportunity into broader development outcomes. She says industrial parks are not only hubs for investment and logistics, but also “powerful engines of quality employment,” adding that IFC’s financing will support energy-efficient infrastructure that promotes sustainable development and job creation.

Under the program announced Jan. 27, 2026, IFC is providing a US$50 million (MX$861 million) loan to support FIBRA Macquarie’s 2025–2027 development program, aimed at building new energy-efficient industrial parks in key hubs including Mexico City, Monterrey, Ciudad Juarez, Reynosa, Tijuana and Guadalajara.

The deal builds on a prior IFC sustainability-linked facility. In July 2024, IFC provided a US$150 million sustainability-linked loan to support FIBRA Macquarie’s 2023–2025 financing program, which included developing new green industrial parks and upgrading the energy efficiency of existing assets. With the new US$50 million financing, the total IFC–FIBRA Macquarie lending relationship reaches US$200 million. 

Andrew McDonald-Hughes, CFO, FIBRA Macquarie, says the company is “pleased to deepen our partnership with IFC,” adding that the new facility will advance FIBRA Macquarie’s development program across Mexico’s core industrial markets and reinforce its commitment to integrating sustainability across the business.

Beyond capital for expansion, the financing includes sustainability-linked criteria designed to push performance across the portfolio. Under the terms disclosed by IFC, FIBRA Macquarie can secure five basis points of savings if it meets annual certification thresholds tied to energy efficiency. The mechanism is meant to align the cost of capital with measurable improvements in building performance over time.

This matters in Mexico’s industrial market, where tenants are increasingly asking for modern specifications, lower operating costs and stronger ESG credentials. In practice, energy-efficient buildings can translate into lower utility bills, improved resiliency and stronger competitiveness when global manufacturers compare sites across North America.

The project also serves as the first global pilot for IFC’s new DRIVE program, which is designed to help real estate companies improve cost and carbon efficiency across their entire portfolios, not only on a building-by-building basis. As part of the pilot, IFC is introducing a “DRIVE to ZERO Readiness Score” intended to measure, benchmark and communicate how prepared a company is to reduce emissions over time.

For Mexico’s industrial real estate sector, the portfolio-wide approach could be a meaningful shift. Many developers have focused on certifying individual flagship properties. A standardized portfolio metric may raise the bar for consistency, allowing investors and tenants to compare decarbonization readiness across platforms.

FIBRA Macquarie is listed on the Mexican Stock Exchange and focuses primarily on stabilized, income-producing real estate, with a large industrial portfolio spread across multiple regions. IFC noted that as of Sep. 30, 2025, FIBRA Macquarie’s portfolio included 244 industrial properties and 17 retail properties across 20 cities in 16 states.

The company has also been active in Mexico City, where last-mile logistics demand remains strong. In August 2025, FIBRA Macquarie acquired an industrial logistics facility in Vallejo, Mexico City, for US$34.8 million through a sale-and-leaseback structure, MBN reported. The asset was fully leased under a three-year, triple-net agreement denominated in US dollars, and the company highlighted the deal as aligned with its disciplined investment approach while strengthening its presence in a market with robust rental growth trends for high-quality logistics space.