FIBRA Danhos launches its first sustainability-linked bond for 2.5 billion pesos

FIBRA Danhos, a Mexican real estate investment trust, has made waves by unveiling its inaugural sustainability-linked bond. This remarkable transaction, amounting to 2.5 billion pesos (140.3 million dollars), has garnered substantial interest from institutional investors such as retirement fund administrators (Afores), insurers, fund operators, and private banks. The demand for the bond exceeded 2.7 times its issuance, underscoring the immense confidence in this REIT.

Sustainability-linked bonds are debt financial instruments to raise funds dedicated to sustainability goals and commitments, encompassing environmental, social, and governance (ESG) practices.

These sustainable bonds represent a leap forward in responsible corporate practices. Within this context, FIBRA Danhos reaffirms its dedication to sustainable construction. The company asserts that its properties are meticulously designed and built to rigorous quality standards, with a particular emphasis on minimizing adverse environmental impacts.

FIBRA Danhos is a development group engaged in constructing, renting, operating, and managing commercial, office, and mixed-use properties. The company's real estate portfolio comprises 15 operational properties, boasting a combined gross leasable area (GLA) of 982,500 square meters, as per data from the trust and SiiLA FIBRA Analytics.

Notably, four of its buildings, including the Virreyes Tower and the trio of towers within the Corporativo Toreo complex adjacent to Toreo Parque Central, hold LEED certifications. With a combined GLA of 195,156 square meters, these properties constitute 72.5% of the trust's managed office space. Looking ahead to 2025, FIBRA Danhos envisions 80% of its office portfolio securing environmental certifications.

Only during 2022, FIBRA Danhos achieved significant sustainability and energy efficiency strides. Accomplishments encompassed the installation of 1,073 solar panels generating 600 kW at Parque Delta and Parque Tepeyac, alongside the adoption of LED lighting, which constitutes 65% of their luminaires. Moreover, energy innovation played a pivotal role in these advances. Additionally, an impressive 84% of their properties began integrating smart systems, and a real-time ESG monitoring system was established, ushering in unprecedented transparency.

For more insights into FIBRA's development and related trends, visit FIBRA Analytics or contact us at contacto@siila.com.mx.