China Warehouses (IFC-39046)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Voting Date
Dec 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ROMA HOLDING COMPANY LIMITED
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 Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 15, 2017

Disclosed by Bank Nov 14, 2017


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Project Description
According to the IFC website, Carlyle has invited IFC to participate with an equity investment of up to $30 million in a dedicated co-investment vehicle to develop a modern warehouse platform Roma Holding Company Limited (the Platform). The IFC Asset Management Company is also considering a co-investment. The Platform will develop, build and operate between 10 and 15 warehouses in various cities across China. The warehouses will be built to modern efficient designs incorporating green building technology, and will be leased to third parties such as retail and logistics operators. These warehouses are typically single or double-story structures with a clear net height of up to 9m and with an average size of 110k square meter of total leasable area. All the warehouses are located in large population centers with easy access to major transportation networks and in industrial parks with no or no large residential communities nearby. Two of the warehouses have already began construction with two others in pre-construction phase and the rest are still in pipeline. The targeted tenants of the warehouses are third party logistics providers, e-commerce companies, retailers, or manufacturers with light assembly activities onsite.
Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information
The Carlyle Group Norma R. Kuntz Managing Director +1 (202) 729-5646 norma.kuntz@carlyle.com 1001 Pennsylvania Avenue, NW, Washington, DC 20004-2505, USA www.carlyle.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/