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Completion of Acquisition

23rd May 2011 07:00

RNS Number : 0725H
John Laing Infrastructure Fund
23 May 2011
 



23 May 2011

 

John Laing Infrastructure Fund

Completion of acquisition of Cleveland Police Headquarters

 

John Laing Infrastructure Fund ("JLIF"), which successfully raised approximately £27.4 million on 4 April, is pleased to announce it has completed the acquisition of the third of the four PFI/PPP infrastructure projects, which it recently agreed to purchase from the John Laing Group.

 

The project, in which the Company now has a 42.5% stake, is Cleveland Police Headquarters in Middlesbrough. Today's announcement follows the recent acquisitions of Bentilee Community Centre, near Stoke-on-Trent, 100% owned by JLIF, and the increase in its stake in Queen Elizabeth Hospital, Greenwich, from 12.5% to 27.5%.

 

The completion of the acquisition of the fourth project, the Roseberry Park Hospital, is dependent on the John Laing Group's completion of residual requirements and subsequent final consents, expected in the coming months, after which time the Company is expected to own a 22 asset portfolio.

 

Contacts:

 

JLIF Investment Adviser Tel: 020 7901 3326

David Marshall Andrew CharlesworthFinsbury Tel: 020 7251 3801

Faeth BirchPhilip Walters

This information is provided by RNS
The company news service from the London Stock Exchange
 
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