LLP Colombia

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   The proposed project entails an approximately US$30 million COP equivalent (COP 77.5 billion) A-Loan and a Parallel Loan of an equivalent amount coordinated by IFC to support LatAm Logistics Properties (LLP or the Sponsor) in the development of Phase I and II of its first class-A logistic warehousing park in Bogota (the Project). The warehousing park has a total potential of 252,000 square meters (sqm) (240,000 sqm of warehousing space and 12,000 sqm of office area mezzanine level), on a plot of 567,300 sqm, and will be developed in 3 phases. The Project entails the construction of approximately 160,000 sqm (including office space and restrooms for employees). The plot is located on the Calle 80 (Tenjo Municipality), which is one of the most important new logistics clusters in Bogota.  The project will expand the supply of scarce efficient class-A warehousing space to support the growth of retailers, e-tailers, consumer goods companies, third-party logistic operators and manufacturing companies. This new class-A warehousing space will result in increased efficiency for tenants’ supply chains and introducing international green building practices through obtaining IFC’s EDGE certification.