LLP Peru (IFC-39427)

Countries
  • Peru
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.
Borrower
LATAM LOGISTIC PER PROPCO LURIN I S.R.L.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
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)
$ 28.00 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 Aug 16, 2017

Disclosed by Bank Apr 28, 2017


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Project Description
The team proposes to provide an up to US$14 million A loan and up to US$ 14 million B loan to support LatAm Logistics Properties (“LLP” or the “Sponsor”) in the development of 65,578 m2Class-A logistics facilities in Lima, Peru (the “Project”). LLP is a new Greenfield company focused on the development, acquisition, leasing, and management of international-standard Class-A logistics facilities in Costa Rica, Peru, Colombia and Panama. The project is located in one of the main corridors in Lima at approximately 35 Km to the south, providing efficient access of goods and services into and out of the city. The size of the lot is 126,724 m2and the plan is to develop the project in three stages. The first stage of construction corresponds to a warehouse of 22,266 m2, the second stage entails the construction of an additional warehouse of 21,655 m2, and third one comprises a facility of 21,655 m2. Each stage will also have 1,170 m2of office space, and the whole project will have around 4,000 m2for supporting infrastructure and sidewalks. Stages two and three will be built conditional on demand. Land preparation works already began and is expected to be finished by May 2017. Construction activities for the first stage are expected to begin the dame date, and be finished by January 2018. After finishing construction activities and leasing the spaces, LLP will contract an administrative company to operate the facilities maintenance of common areas, wastewater treatment plant and fire protection.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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