Image provided by Almacenes del Norte

• The project includes advisory services to obtain Peru’s first BREEAM international sustainability certification

IDB Invest provided a loan of up to $53 million to Almacenes del Norte to increase access to logistics services in Lima, Peru, through the new industrial park ADN Parque Logístico Callao, to be built in the Ventanilla district in the Constitutional Province of Callao. This financing package includes $20 million mobilized from CIFI Latam and CIFI Fund, renowned for investing exclusively in sustainable projects.

This groundbreaking project will be the first sustainable logistics park in Peru, setting new standards with its innovative and flexible solutions aligned with global market trends. The park will feature a premium class A warehouse over eight meters high, helping to close the gap in the city's logistics infrastructure.

ADN Parque Logístico Callao will incorporate several advanced environmental measures, such as energy-efficient systems optimizing natural light, low consumption LED lighting, renewable energy generation via solar panels, a water treatment plant to irrigate over 28,000m² of green spaces with recycled water. The project will be a benchmark in the environmental management of the warehouse and logistics industry.

Strategically located near Lima's main port and airport, this facility will enhance efficiency and competitiveness by decongesting one of the country’s most important commercial routes.

The project is expected to create over two thousand direct jobs and numerous indirect opportunities, boosting local employment and business engagement. ADN is committed to hiring local workers and collaborating with regional providers, fostering community development, increasing security, and promoting new services.

IDB Invest will also provide advisory services to assist ADN in obtaining the prestigious BREEAM certification, affirming the project's sustainability credentials. Additionally, they will explore the feasibility of implementing a photovoltaic system to meet the park’s energy demands. This collaboration underscores IDB Invest's dedication to enhancing logistics infrastructure, boosting regional competitiveness and promoting integration.

This financing is expected to contribute to the following UN Sustainable Development Objectives (ODS): Affordable and Clean Energy (SDG 7), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Responsible Production and Consumption (SDG 12) and Alliance for the Goals (SDG 17).

About IDB Invest 

IDB Invest, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. 

About Almacenes del Norte (ADN)

ADN is a Latin American real estate company that works with the firm purpose of contributing to the sustainable growth of the communities in which it operates, generating a positive impact on people, regional economies and the environment. Its business model focuses on the development and operation of sustainable industrial and logistics parks located in the countries along the Pacific coast of South America. ADN Parque Logístico Callao is a storage and logistics operation project located in the development hub of the largest project in Peru, designed based on the most advanced global trends in logistics architecture. This important project involves a total investment of more than 280 million dollars, which is expected to help boost the economy of the region and Peru.