PROJECT

Projects

Summary of Investment Information

Project Number

48655

Company Name

Acerubrum Pan Asia Logistics Trust

Date SPI Disclosed

May 23, 2024

Country

Singapore

Region

East Asia and the Pacific

Projected Board Date

Jun 24, 2024

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Jul 9, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

other

Previous Events

Approved : Jul 8, 2024

Sector

other

Project Description

 

Mapletree Investments Pte Ltd (Mapletree) is a global real estate development, investment, and management company headquartered in Singapore. Mapletree is now developing green Grade A warehousing infrastructure in Viet Nam (the Project), which will be executed by a private fund platform to be established by Mapletree (the Fund). The proposed investment is an A Loan of up to US$250 million to support the Fund in developing and constructing modern logistics warehousing assets in Viet Nam, all of which are expected to achieve green building certifications. Additionally, IFC will mobilize parallel loans of up to US$350 million on a best-efforts basis to finance the Fund’s development activities in India and/or Viet Nam.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation