Plaza Logistica S.R.L. (DFC-2019-PLAZALOGISTICA)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Province of Buenos Aires
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
Plaza Logística S.R.L.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
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)
$ 45.00 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)
$ 76.00 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 Jul 7, 2020

Disclosed by Bank May 5, 2019


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Project Description

According to DFC website, this project involves the construction and expansion of Plaza Logística SRL´s Class A warehousing operations and facilities in and around greater Buenos Aires. "The five new facilities of this Project will add to the existing eight facilities of Plaza in the greater Buenos Aires metropolitan area, for a total of 13 facilities within seven logistic parks. Despite its high-income status, Argentina globally ranks 61st on the World Bank’s Logistics Performance Index (LPI), behind its neighbors Chile (34th) and Brazil (56th). This index considers a host of factors, including quality of infrastructure, performance of delivery operators, ability to track goods, and the ease of the customs process. Plaza was founded to help address the shortage of high-quality warehousing facilities in Argentina. Demand for these facilities continues to outstrip supply in Buenos Aires as multinational corporations seek Class A facilities in which to base their operations. Current tenants of Plaza’s facilities, several of which are large multinationals, include logistics companies, online clothing retailers, e-commerce retailers, automobile parts manufacturers, pharmaceuticals, and personal care product manufacturers."

Investment Description
  • US International Development Finance Corporation (DFC)

A $45,000,000 12 year direct loan

Private Actors
Contact Information

No contact information available at the time of writing