Member Article

HICL Infrastructure Company acquire two major London projects

Infrastructure investment company, HICL Infrastructure Company Limited infrastructure investment company, has acquired further equity interests in two of its existing projects.

The London-based investment company has increased 50% of the share capital and all of the remaining loan notes in the Willesden Hospital PFI Project.

It also increase 15% of the share capital in the Barking and Dagenham Schools PFI Project.

Following completion of the acquisitions, the group will hold 100% of the equity interests in each of the projects.

Willesden Hospital PFI Project is a 32-year concession for the design, construction, financing, maintenance and operation of a community hospital in North London.

The project was signed in December 2002 and has been fully operational since April 2005.

Barking & Dagenham Schools PFI Project is a 27-year concession for the design, construction, financing, maintenance and operation of two new secondary schools in East London.

The project was signed in March 2004 and has been fully operational since August 2009.

David Foot, director, Infrastructure, InfraRed Capital Partners Limited, said: “Both projects have performed well over recent years and we are pleased to be able to continue the strategy of increasing the Group’s ownership of existing projects when suitable opportunities arise.”

This was posted in Bdaily's Members' News section by Ellen Forster .