ISCH III

active

The project comprises a US$47 million facility to International Shopping Center Holdings’ subsidiaries (“ISCH”) to finance the expansion and refurbishment of shopping malls in El Salvador, Nicaragua, and Honduras. ISCH is a subsidiary of Grupo Roble, which is part of Grupo Poma, one of the largest commercial and industrial groups in the Americas, with operations in Central America, Panama, the Caribbean, South America and the United States. Grupo Roble participates in the real estate industry through its development of mixed-use complexes such as shopping centers under the Multiplaza and Metrocentro brands, office spaces, hotels, entertainment areas and housing projects.The project is expected to include A loans to three ISCH’s subsidiaries: (i) up to US$ 22 million to Metrocentro, S.A. de C.V. for the expansion of Metrocentro Santa Ana, El Salvador, by an additional gross leasable area (GLA) of 12,823 m2 to the existing 13,962 m2; (ii) up to US$15 million to Metrocentro, S.A. for the expansion of Metrocentro Managua, Nicaragua, by an additional gross leasable area (GLA) of 6,011 m2 to the existing 24,786 m2; and (iii) and up to US$10 million to Multiplaza, S.A. de C.V. for the remodeling of Multiplaza Tegucigalpa, Honduras.IFC has already provided financing to Grupo Poma through the following projects: Multiplaza (project nr.8620), Metrocentro S.A. de C.V. (project nr. 21505), ISCH (project nr.24375), and Grupo Poma 2009 (project nr.28463).