History

  • 2020 - 2029
  • CADU reached its 20th year perfoming in the housing sector, during which it has designed, urbanized, built, promoted and sold more than 100 thousand homes throughout 6 states in Mexico. In its path, CADU has also become the developer that has sold the most homes under the ECOCASA program of the Sociedad Hipotecaria Federal (Federal Mortgage Society).

    2021
  • CADU was internationally awarded with the Environmental Finance's Green Bond 2020 award.

    2021
  • CADU obtained the Prime Certification granted by Bancomext, NAFIN, BMV, BIVA and AMIB. This certification encourages the institutionalization of Mexican companies.

    2020
  • CADU conducted its first Green Bond issuance, for MXN 502 million, under the ticker symbol “CADU20V”, with a 7-year maturity and a fixed interest rate of 9.13%, becoming the first Green Bond in the Latin American housing sector certified under the Low Carbon Building criteria by the Climate Bond Initiative (CBI). The proceeds will be used to refinance projects under the ECOCASA program.

    2020
  • CADU asseses its Green Invesment Framework by means of a second Sustainalytics opinion and achieves a CBI Green Certification under the Low Carbon Buildings Criteria.

    2020
  • CADU develops its Green Invesment Framework in order to issue Green Bonds.

    2020
  • 2010 - 2019
  • CADU carried out the fifth placement of local notes (“CADU 19”) for an amount of MXN 500 million, unsecured and a 5-year term.

    2019

  • CADU carried out the fourth placement of local notes (“CADU 18”) for an amount of MXN 500 million, unsecured and a 5-year term.

    2018
  • CADU started Allure, a residential complex in the Caribbean Sea, surrounded by natural beauties, providing security and over-the-top amenities.

    2017
  • CADU BMV
  • CADU executed the kick-off of the first development of the Long Island residential complex: York Homes. With this opening, CADU reaffirms its leadership in Quintana Roo and moves towards a more solid sales mix, thus increasing the middle-income segment participation in homes sold revenue.

    2017
  • CADU BMV
  • Middle-income of home sales in Cancun and Mexico Valley recorded an average price of MXN 1.8 million.

    2016
  • With its IPO's procedes, CADU plans to continue its growth plan focused on expanding its offering towards products with greater profitability and prices ranges.

    2015
  • CADU carried out an Initial Public Offering on the Bolsa Mexicana de Valores (Mexican Stock Exchange) under the ticker symbol “CADU”, marking the return of the housing sector to the Mexican capital market after ten years.

    2015
  • CADU BMV
  • The third placement of unsecured local notes (“CADU 15”) was completed for MXN 400 million.

    2015
  • The second issuance of local notes was executed (“CADU 14”) for MXN 300 million, with a 50% guarantee from the Sociedad Hipotecaria Federal (Federal Mortgage Society), obtaining a credit rating of “A+” by Fitch Ratings.

    2014

  • CADU receives the Mejores Empresas Mexicanas award (Best Mexican Companies) granted by Banamex, Deloitte and the Tecnologico de Monterrey.

    2014
  • CADU

  • CADU initiates the commercialization process of homes in Jalisco, Guanajuato and the State of Mexico.

    2013
  • CADU ranked 8th among all Mexican home builders in mortgage credits originated by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican Federal Institute for Worker's Housing, known as INFONAVIT by its Spanish acronym).

    2012
  • CADU completes its first placement of local notes (“CADU 12”) for MXN 300 million, with a 48% guarantee from Nacional Financiera (the Mexican state-owned development bank, known as NAFIN by its Spanish acronym), and obtaining a credit rating of “A+” by Fitch Ratings.

    2012
  • 2001 -2009
  • CADU's bylaws were reformed in order to adopt the Code of Best Corporate Practices, with the incorporation of independent board members.

    2009
  • CADU becomes the leading player in the development of Affordable-Entry homes in the state of Quintana Roo.

    2008
  • Corpovael, S.A. de C.V. (CADU) is established as a holding company of all its subsidiaries to consolidate their Operations.

    2007
  • The institutionalization process of the Company starts.

    2006
  • Start of operations in Quintana Roo with the “Villas Otoch I” development.

    2004
  • CADU
  • Start operations in Jalisco with the “Villas de Hacienda” development.

    2003
  • CADU builds and initiates the commercialization process of its first developments, “Santa Isabel” and “Bajio de las Palmas”, in Aguascalientes.

    2002
  • Inception of CADU Inmobiliaria S.A. de C.V. in Aguascalientes.

    2001