ProximityParks Secures MX$1.2 Billion Green Loan from BBVA

ProximityParks, Mexico’s leading developer of last-mile logistics industrial parks, has closed a MX$1.2 billion (US$64.61 million) green loan with BBVA Mexico to support its growth strategy and optimize its capital structure. 

“This financing represents an important milestone in our growth story. It strengthens our capital structure, increases profitability, and reaffirms the financial sector’s trust in our investment thesis,” says Mario Berlanga, CEO and Co-Founder, ProximityParks.

The financing, structured under BBVA’s Sustainable Finance Framework, recognizes the sustainability, energy efficiency, and environmental certifications of the assets securing the transaction. The green loan further consolidates the company’s ESG strategy, which prioritizes the development of modern, sustainable logistics infrastructure in Mexico’s largest cities. By reducing delivery distances and improving connectivity, ProximityParks’ model helps companies cut costs, reduce emissions, and enhance customer satisfaction.

“We are proud to collaborate with BBVA, an institution that shares our vision of developing (or redeveloping) responsible and sustainable urban infrastructure that drives modernity and economic growth,” says Berlanga.

With over MX$10 billion (US$538.42 million) in assets under management and an investment program totaling MX$8 billion (US$430.73 million) between 2024 and 2028, ProximityParks is expanding its footprint across Mexico’s key urban logistics markets. The new financing will bolster its capacity to deliver projects that improve supply chain efficiency and contribute to sustainable urban development.