BBVA Mexico Funds Grupo Chufani with US$67 Million Green Facility

BBVA Mexico has strengthened its sustainable financing portfolio with a US$67 million loan to Grupo Chufani to support the expansion of Class A industrial facilities in Queretaro. The operation aligns with the bank’s environmental and inclusive-growth commitments, which together totaled MX$338.4 billion (US$18.47 billion) as of September 2025.

Grupo Chufani specializes in developing industrial buildings that meet international environmental standards, including extensive implementation of LEED certification for energy-efficient and sustainable design. BBVA Mexico said this alignment makes the company a strategic partner in reinforcing low-impact industrial infrastructure in the Bajio region.

Alejandro Cárdenas, general manager, BBVA Mexico’s Corporate and Investment Banking division, said the loan reflects the bank’s intent to accelerate sustainable industrial growth. “This operation underscores the institution’s commitment to the industrial plants sector and is strategic to consolidate our position in the Bajio region,” he said. “Our collaboration with Grupo Chufani, a key player with more than 34 years of experience, is essential to support the infrastructure required for nearshoring and supply-chain optimization in Mexico.”

Grupo Chufani will use the financing to expand its fully occupied Class A portfolio in strategic areas of Queretaro, where demand for high-specification industrial space continues to  rise. The company develops and operates facilities used by firms in the automotive, consumer, e-commerce, and electronics sectors—industries that are scaling production and logistics operations in central Mexico.

For the company’s founder and CEO, Sergio Chufani Abarca, the loan marks a significant step in strengthening the region’s industrial base. “This agreement represents a milestone for accelerating the growth of our portfolio in Querétaro’s industrial sector,” he said. “It also helps position the Bajio as a key investment hub thanks to its logistics infrastructure, high-quality industrial parks, and the sustained flow of domestic and foreign capital driving regional competitiveness.”

The move marks BBVA’s second large-scale sustainability investment in the past month. In November, the bank granted ProximityParks a sustainable credit line of up to MX$1.2 billion (US$64.2 million), structured in both pesos and dollars, to support the company’s expansion and property-maintenance strategy under sustainability criteria. Covering eight industrial parks, the financing was among the bank’s most significant corporate transactions this year.

The loan aims to strengthen ProximityParks’ role in providing logistics infrastructure that supports more efficient last-mile delivery operations in key urban markets. “This operation is relevant for the bank’s sustainable mobilization goals,” said Cárdenas. “The collaboration with ProximityParks is fundamental to developing the infrastructure needed in Mexico to optimize last-mile delivery.”