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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 10,560,000
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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