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
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B

Country

Brazil

Sector

Social Infrastructure

Status

Proposed

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
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12/16/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Blakely, Brian

Investment type

Syndicated amount

N/A

Financing amount

USD $ 8,002,380

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 two buildings (the Jardins Unit and the Brooklin Unit) situated in the city of São Paulo (“SP”) in which PAC1 clinics (the “Units”) 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 clinics. The Units will be built by AIM Construtora, a firm that is also part of the Group.

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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

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Contact information

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Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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