IFC invests US$40 million in Fibra Prime to boost the development of Peru's real estate market
Peru, Dec. 3 -- The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of up to US$40 million to support Fibra Prime's growth plan. Fibra Prime is the first and largest Real Estate Investment Trust (REIT) in Peru, structured as a Fideicomiso de Titulizacion para Inversion en Renta de Bienes Raices (FIBRA).This transaction marks IFC's first entry into Peru's real estate sector through a REIT. The purpose is to foster sustainable business infrastructure development, promote energy efficiency, and facilitate the creation of formal jobs across various sectors of the Peruvian economy. This financial structure offers investors access to a diversified portfolio of real estate assets, generating recur...
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