Fibra Prime

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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.