Fibra Prime (IFC-50688)

Countries
  • Peru
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Fideicomiso de Titulacion para Inversion en Renta de Bienes Raices
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 221.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 4, 2025

Disclosed by Bank Jul 9, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the proposed investment entails a US$70mn senior secured financing package, including a secured IFC A Loan of up to US$40mn (including an MCPP RSU CIP of US$20mn), and a B/Parallel Loan of up to US$30mn to Fibra PRIME (“Prime”, or the “Company”). The estimated total project cost is US$221 million, with additional financing provided by both international and local banks. The loan proceeds will be used for: i) the acquisition of three ‘class A’ office buildings located in prime locations in Lima, Peru; ii) finance nine recently acquired office buildings in Lima; iii) finance CAPEX for demolition and reconstruction of a 22,500 m2 warehouse in Lima (Chorrillos) to be performed during approximately five months starting within 2025; iv) finance CAPEX for renovation of existing office buildings in Lima to obtain green building certification; and v) existing debt refinancing with local banks (the “Project”). Prime is a real estate investment trust (REITs) in Peru with a portfolio of 18 office buildings (including seven office/commercial spaces) located in Lima, ten commercial properties leased to retail businesses (nine in Lima and one in Huacho city), five logistic warehouses, and one building with commercial kitchens non open to the public located in Lima. The main business of the Company is leasing and management of offices, commercial assets, and warehouse space. When an asset is leased to multiple tenants, Prime provides management services of the building by a separate subsidiary (Gestion Inmobiliaria de Administradora Prime S.A.) or by a contractor. All construction and renovation activities are performed by contractors.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

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