Member Article

London investment outfit acquire Tameside General project stake

London-based HICL Infrastructure Company Limited have bought a 50% equity and loan note interest in Tameside General Hospital PFI project, for £16m.

The £78m PFI scheme, procured by the Tameside Hospital NHS Foundation Trust, to design, construct and commission new facilities, will include a new energy centre; an elderly mental and infirm centre; and a new Diagnostics and Treatment Centre, among other infrastructure.

HICL acquired the stake from Balfour Beatty Infrastructure Investments Limited, a subsidiary of Balfour Beatty plc.

Tony Roper, director of InfraRed Capital Partners Limited, HICL’s Investment Adviser, said: “We are pleased to have completed this acquisition which was identified as part of the Group’s pipeline of new investment opportunities at the time of the Company’s recent successful equity capital raising.

“InfraRed Capital Partners has worked with Balfour Beatty on a number of infrastructure projects in the UK. We look forward to working alongside our co-shareholder and supply chain to provide quality serviced facilities to the Trust.”

This was posted in Bdaily's Members' News section by Tom Keighley .