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Company name

Corpovael, S.A.B. de C.V. (“CADU”) y sus subsidiarias Cadu Inmobiliaria, S.A. de C.V., Cadurma, S.A. de C.V., Cadu Residencias, S.A. de C.V., e Inmoccidente, S.A. de C.V.

Project number

15393-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Mexico

Sector

Manufacturing

Status

Proposed

Disclosed date

03/24/2025

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/06/2025

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Corporates Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 35,555,400

Currency

MXN

Project scope and objective

This transaction consists of a revolving credit facility in favor of Corpovael, S.A.B. de C.V. (“CADU”) and its subsidiaries: Cadu Inmobiliaria, S.A. de C.V.; Cadurma, S.A. de C.V.; Cadu Residencias, S.A. de C.V.; and Inmoccidente, S.A. de C.V. (together with CADU, the “Group”). The facility will include both a committed and an uncommitted tranche to finance working capital needs, including the construction and development of green low- and middle-income housing in Mexico.

CADU is a vertically integrated housing development group focused on affordable housing in Mexico. It primarily serves the Southeast region and currently has developments in Cancún, Playa del Carmen, Tulum, Guadalajara, and Mexico City.


 

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

CADU ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

266.2 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

contacto@caduinmobiliaria.com

PHONE NUMBER

(998) 193-11-00

POST OFFICE ADDRESS

Corporativo Malecón Américas Av. Bonampak, Smz. 6A, Mz. 1, Lt. 1, Primer Piso, 77503 Cancún, Q.R.

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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