31st May 2016 07:03
LONDON (Alliance News) - John Laing Infrastructure Fund Ltd, the FTSE 250 infrastructure investment company, on Tuesday said it has completed the acquisition of a 95% interest in the Oldham Social Housing PPP project.
The combined payment for the interest in the Oldham Social Housing PPP project and the entire interest in the British Transport Police project, which completed on on February 29, adds up to about GBP22 million, John Laing Infrastructure Fund said.
The payment will be funded by drawing on JLIF's GBP180 million multi-currency revolving credit facility which is currently undrawn.
The acquisition adds to John Laing Infrastructure Fund's position in regeneration and social housing project ownership and operation, said Andrew Charlesworth of John Laing Capital Management Ltd, investment adviser to the company.
"It adds to the core area of UK operational, availability-based social infrastructure assets which have formed the foundation of JLIF's investment portfolio since launch in November 2010," Charlesworth said in a statement.
The acquisition was first announced on February 29.
By Samuel Agini; [email protected]; @samuelagini
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