Company name
Prolifico Partic
Project number
13478-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Brazil
Sector
Social Infrastructure
Status
In implementation
Disclosed date
04/28/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/16/2022
Approval date
12/16/2022
Signed date
11/14/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 8,096,330
Currency
BRL
Project scope and objective
Prolifico, an alternative real estate investment company specialized in the development of assets for high-yield business models in Brazil, was established in 2009. At present, it is administered by a multinational team working from São Paulo, Rio de Janeiro, London, and Lisbon. Since 2012, Prolifico has been setting up joint ventures with partners in specialized sectors, with the intent of making their real estate assets operational. In 2020, Prolifico entered the Post-Acute Care Facilities (“PAC”) sector via the acquisition of properties, aiming at its development into PACs. The present operation, (the “Project”) includes the construction and operation of one building (the Jardins Unit) situated in the city of São Paulo (“SP”) in which the clinic (a “Unit”) will be installed. The Project will be conducted by YUNA (“the Company” or “YUNA/Prolifico,”) a company in the Prolifico Group (the “Group”) that was established in 2021 to operate the PAC clinic. The Unit will be built by AIM Construtora, a firm that is also part of the Group.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
PROLIFICO - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
1.2 Mb
PROLIFICO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
374.0 Kb