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
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
07/11/2025
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 $ 35,748,900
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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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
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
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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)
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