Four Rivers Real Estate LTD. (DFC-2017-FOURRIVERSREA)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Specific Location
Yangon
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Four Rivers Real Estate, Pte. Ltd. and Burmese JV company
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 19.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 19.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 41.47 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 16, 2020


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Project Description

According to the bank document, "OPIC support for the project enables the U.S. Sponsor to initiate the development of its 18-story office building, complete its construction, and to operate it in a market in which most real estate projects fail to reach completion due to lack of funding". 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Four Rivers Real Estate, Pte. Ltd., a Singapore limited liability company, (“FRRE”) and a Burmese JV company established for this real estate project.

Contact Information

*There is no information being disclosed at this stage of the project*