PROJECT

Projects

Summary of Investment Information

Project Number

43199

Company Name

RESPUBLICA STUDENT LIVING (PTY) LIMITED

Date SPI Disclosed

Feb 9, 2022

Country

South Africa

Region

Africa

Projected Board Date

Aug 6, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Aug 6, 2021
Signed : Nov 25, 2021
Invested : Feb 22, 2022

Sector

other

Project Description

  The proposed IFC investment seeks to support Respublica Group (Pty) Ltd (“Company” or “RG”), a holding company that owns a 100% stake in each of Respublica Student Living (Pty) Ltd (“RSL”) and Respublica Management Services (Pty) Ltd (“RMS” or “Manco”). The Company is a leading student accommodation provider operating ~8,900 beds across South Africa. The Company is raising $34m initially with approximately US$23 million additional commitments. The initial commitment will allow the company to reduce the current debt raised to consolidate all its assets under RSL, and also to grow its portfolio through greenfield developments and conversions.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation