PROJECT

Projects

Summary of Proposed Investment

Project Number

31548

Company Name

Urbi Desarrollos Urbanos, S.A.B. de C.V.

Date SPI Disclosed

Mar 20, 2012

Country

Mexico

Industry

Tourism, Retail and Property

Projected Board Date

Apr 25, 2012

Status

Active

Sector

Construction and Real Estate

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Jul 31, 2012
Signed : Sep 21, 2012
Invested : Nov 16, 2012

Project Description

Urbi Desarollos Urbanos SAB de CV (“Urbi” or the “Company”) has requested IFC to support its Low Income Housing (“LIH”) construction and development efforts and in particular the macro projects, through an investment of up to US$50mm either in US$ or equivalent Mexican Pesos (the “Project”). IFC is also considering providing a US$20 million loan from the Canada Climate Change Program to support eligible ‘green building’ projects in addition to mobilizing up to US$35mm equivalent in local currency through syndication.

Sponsor / Cost / Location

Development Impact