BLP has advised IDB Invest on a US$23 million loan to Grupo Desarrollador de Parques Industriales S.A in Costa Rica
BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green Park Industrial Park, which will increase the availability of industrial facilities in Costa Rica. This will attract Direct Foreign Investment, mainly focused on life sciences, technology, and shared services clusters, and aligned with the global trend of “Near-shoring”, where Costa Rica is a significant regional player.
This is a highly complex deal of great importance to the sector, as it encourages the Direct Foreign Investment in the country and provides opportunities to develop the industrial sector.