Fibra Uno (Funo), the diversified real estate investment trust in Mexico, closed a loan linked to sustainability for 720 million dollars (million dollars), with the EDGE seal at least one million m2 of its properties in the next five years.

This amount may be increased to a maximum of 750 million dollars, reported BBVA Mexico and was granted by a syndicate of banks, it will have a payment term of seven years, with which it is distinguished as the largest sustainable loan in the real estate market in Mexico.

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In the statement, he added that the total amount of the transactions will have “a final take of 285 million dollars.” The loan was structured as sustainable financing, with the sustainability indicator (KPI) being the EDGE square meter certification.

Because it is a loan linked to sustainability, Fibra Uno undertook to certify, under the EDGE seal, at least one million square meters (m2) of its properties in the first five years after receiving the bank loan. .

"In a complex and volatile environment, the transaction had a significant excess demand, which confirms the confidence of the banks in Fibra Uno and the value of its credit", commented the General Director of Corporate and Investment Banking of BBVA in Mexico Alvaro Vaqueiro.

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Fibra Uno planned to issue bonds linked to sustainability on September 26 on the Mexican Stock Exchange. His goal was to raise up to 10 billion pesos, within 10 years.

Fibra Uno is one of the largest of its kind in Mexico and Latin America. Its portfolio of 663 properties totals more than 11 million m2, with an occupancy rate of 93.2% and covers the industrial, commercial and office segments, among others.

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