VINTE Viviendas Integrales SAPI de CV

repaid

The purpose of this IIC operation is to provide partial financing for the construction of housing projects to be developed by VINTE and/or its subsidiaries. The total estimated cost of the Project is fifty million Mexican pesos (MX$).VINTE develops, promotes, design, builds, and sells low-, middle-, and upper-middle income housing, primarily in four states of central Mexico: Hidalgo, México, Querétero, and Quintana Roo.VINTE’s subsidiaries are: (i) Promotora de Viviendas Integrales S.A. de C.V., which purchases, develops, and sells land; (ii) Urbanizaciones Inmobiliarias del Centro S.A. de C.V., set up to develop and sell housing; (iii) Vinte Administración, Diseño y Consultoría S.A. de C.V., which manages VINTE’s human resources and services contracting; (iv) Edificaciones e Ingenierías del Centro S.A. de C.V., which oversees and carries out the construction of the housing developments and dwellings; and (v) Conectividad para el Hábitat S.A. de C.V., which provides all types of technology services to VINTE and its customers, and also markets technology services to families living in its developments.With the support of its subsidiaries, VINTE has to date built some 10,000 homes in eight housing developments. VINTE has also won six national housing awards and has signed strategic agreements with a number of leading technology companies to promote technology in low-income housing.In October 2009, the company received a 2008 National Housing Award for "best project implementation," as well as a special award in the "sustainable housing development" category. In addition, in October 2010 VINTE received the 2009 National Housing Award in the "sustainable housing development" category.