Sustainable Financing for the Last Mile: BBVA Backs ProximityParks’ Urban Logistics

Last week, ProximityParks secured a sustainable loan of 1.2 billion pesos (approximately $65 million) from BBVA to reinforce its last-mile infrastructure in urban areas. The transaction not only finances new developments: it confirms that the future of supply chains is decided inside the city, where speed equals margin and every kilometer carries a cost measured in money, energy, and emissions.

The financing will be applied to eight of the 17 parks ProximityParks operates across the northern, central, and Bajío regions. These include the Monterrey Centro, Coyoacán, Del Valle, Iztapalapa I, Lomas Verdes, Naucalpan, Santa Fe I, and Guadalajara Centro complexes. Together, these assets account for nearly one-third of the developer's gross leasable area (GLA), which exceeds 430,000 square meters nationwide.

BBVA structured the loan under sustainability criteria, supported by the environmental performance of the assets. Most of these parks (88%) are either certified or in the process of obtaining LEED certification; all operate with LED lighting and water-saving systems; and nearly nine out of ten buildings generate part of their energy through solar panels.

In urban logistics, infrastructure defines the cost structure. Energy efficiency and savings systems are not a symbolic environmental gesture, but a way to stabilize expenses in environments with high turnover and tight margins. This is why environmental performance weighs as heavily as location.

According to the National Institute of Ecology and Climate Change, 62% of Mexico's emissions are attributed to energy use. Reducing that consumption not only lowers environmental impact: it reduces direct operating expenses. Nacional Financiera estimates that, in the industrial sector, a mid-sized company with efficient energy management can save around 5.5 million pesos (roughly $300,000) per year. For companies with annual revenues between 100 and 250 million pesos—the range that defines a mid-sized firm in Mexico—that reduction represents savings of between 5.5% and 2.2% in direct costs.

However, the effective adoption of sustainable infrastructure in the Mexican industrial market remains moderate. According to SiiLA, only about 4% of Class A and B industrial warehouses built in the last five years are environmentally certified.

In this context, the ProximityParks transaction is part of a broader trend in real estate financing. BBVA México, for example, has mobilized around 338 billion pesos (nearly $18.4 billion) in sustainable funding so far in 2025; 72% of that amount has been allocated to projects tied to energy transition and emissions reduction. This signals where capital is moving: when efficiency stops being a plus and becomes an operating requirement, capital stops financing expansion by volume and begins financing expansion that reduces its own operational pressure.

But if infrastructure determines cost and cost defines advantage, how quickly can the rest of the market adapt? More information and data at SiiLA Market Analytics or via contacto@siila.com.mx.