IFLR1000

CITIC Construction/IFC $300 million construction platform investment

29/5/2015
Real estate finance
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$ 300 million

Completed

29/5/2015

Overview:

  • CITIC Construction and the International Finance Corporation (IFC) have made a $300 million investment into a construction platform.
  • The platform will fund the construction of affordable housing in sub-Saharan Africa.
  • The ongoing plan is to build 30,000 homes over a five-year period.

Kurt Stumpo - Journalist

Jurisdiction:

Mauritius

Deal type:

Real estate finance

Practice area:

Real estate finance

Industry sector:

Real estate

Firm:
Conyers Dill & Pearman (ceased trading 2017)

Party: International Finance Corporation (IFC) (Investor)

Party: CITIC Construction (Investor)

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