News

20 October 2021

MEXICAN HOME BUILDING COMPANY IS LOOKING FOR GREEN DANISH TECHNOLOGY

The Mexican home developer and builder, Vinte, has been visiting Denmark to learn about Danish knowledge and technology that can assist in creating more sustainable houses for low- and middle-income Mexican people. IFU, being an investor in Vinte, was accompanying the company on the visit.

With close to 50,000 new homes in the last 18 years, Vinte is one of the leading home building companies in Mexico. The company has a strong focus on building sustainable houses. It was the first to build World bank EDGE certified homes worldwide in 2012 and is the largest EDGE homebuilder globally with over 6,000 certified homes and counting.

Recently, Vinte visited Denmark to get inspiration and meet with Danish companies that could be potential suppliers to the company’s ongoing effort to further reduce the use of building materials, water, energy and waste, for example.

“Denmark has a lot of interesting and innovative solutions to some of the major challenges towards sustainable houses. Meeting with Danish companies has been inspirational, and we look forward to further explore the potential for a future cooperation.”

Domingo Valdes, CFO in Vinte, during its visit along with IFU.

Across the entire value chain

Vinte is a vertically integrated Mexican sustainable developer, and its operations comprise the entire housing industry value chain from land acquisition, urbanization, design, construction and commercialization to the promotion of community life.

Consequently, Vinte can include sustainable considerations and strategies from the beginning of each project. And the advantage for Danish companies is that they have only one point of entry, covering the construction of large communities of up to 6,000 houses, with public schools, parks and recreation facilities, for example.

IFU has invested USD 20 million

On behalf of the Danish SDG Investment Fund, IFU has invested USD 20 million in Vinte. The investment will support the company’s growth strategy and lead to an additional 30,000 houses for low- and middle-income Mexican people, which are underserved in the current real estate market.

“We are very pleased with Vinte, and hopefully our investment can contribute to improve the living conditions for more Mexicans and progress the green transition,” said Jakob Anker Tvede, Investment Director in IFU.