Itulpark Logistics Park

in implementation

This transaction consists of a total financing of up to US$48 million, for a term of up to 12 years for Parques Logísticos Effitek S.A.S. (“Parque Logístico Itulpark” or “Itulpark”). The financing will consist of an A tranche of up to US$24 million to be funded with IDB Invest resources, and the difference will be mobilized with third-party resources.Parques Logísticos Effitek S.A.S., is a special purpose company established in Ecuador, incorporated to develop and operate a logistics park of class AAA warehouses, located in the parish of Pifo in the canton of Quito, Ecuador (the “Project”). The land has an area of 15 hectares, with a leasable area of more than 50%, and the difference will be allocated to a maneuvering yard, parking lot, loading and unloading docks, a medical center, among other related services.The Project will be developed in four warehouses and will have modular warehouses of 1,000 m2 –20,000m2,  in addition to offering the possibility of customizing the warehouses according to the demands of tenants (“Built to Suit” format) from different economic sectors.