15th Oct 2013 09:58
LONDON (Alliance News) - John Laing Infrastructure Fund has completed the acquisition of a 40% shareholding in the Barnsley BSF project.
The project consists of the construction of nine new Advanced Learning Centres, a new build special school and a special school extension. It was acquired from the John Laing Group, and has a 25 year concession which is set to run until April 2036.
John Laing's successful GBP242.3 million capital rise is the largest in the fund's history since listing and marks JLIF's 50th portfolio project. The Education sector now represents 17% of JLIF's portfolio by value.
Shares in the company were up 0.02% Tuesday, trading at 114.728 pence per share.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
John Laing Infrastructure Fund