Project Description
Founded in 2001, Vinte Viviendas Integrales S.A.P.I. de C.V., (“Vinte” or the “Company”) has become a strong performing homebuilder company focused on affordable entry-level and middle-income housing in Mexico. Vinte is conservatively managed, has a solid reputation, a sound track record and it has played an active role in the development of Mexico’s homebuilding sector. Vinte''s strategy is to differentiate itself from other housing developers by offering functional and attractively designed homes, community infrastructure not easily available in this segment, and good location within or very close to urban centers.
Vinte is a holding company that consolidates six operating subsidiaries: (i) Promotora de Viviendas Integrales, engaged in the promotion of the developments; (ii) Urbanizaciones Inmobiliarias del Centro, engaged in research and development of housing, including technological, environmental, and design aspects; (iii) Edificaciones e Ingenieria del Centro, engaged in urbanization, design and construction activities; (iv) Conectividad para el Habitat, engaged in the distribution of computers, internet, and related services; (v) Vinte Administracion, Diseño y Consultoria, engaged in human resources management; and (vi) Comercializadora de Equipamientos y Mobiliarios para la Vivienda, engaged in the sale of home equipment such as floors, closets, furnitures and solar panels.
Vinte’s operations include land acquisition, house design and housing development planning, construction, and sales. Vinte offers several housing products within the affordable entry-level and middle income segments. Most of Vinte’s sales are concentrated in the middle-income segment.
The purpose of the project is to finance the construction of 2,000 Excellence in Design for Greater Efficiencies (EDGE) homes in middle to low income housing developments in Mexico during the next five years. This Project will address a long-standing housing shortage in Mexico by providing good quality affordable housing in rapidly urbanizing areas of the country.