Acorn Housing Facility - Helios Investors III LP (Kenya) (BNDES-ACORNHOUSINGFACILIT)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Specific Location
Nairobi
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
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Acorn Project One LLP
The holder of the loan, grant, or other investment.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ BNDES website

Updated in EWS Aug 12, 2019

Disclosed by Bank Sep 11, 2018


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Project Description

According to the Agency's document, this project provides financing to subsidiaries of Acorn Project One LLP for the development, construction and leasing of approximately 4000 affordable studio apartment units in up to 10 seperate projects aroud central Nairobi, Kenya providing accommodation for approximately 6000 university students

Investment Description
  • Brazil National Development Bank (BNDES)
Private Actors