23rd May 2011 07:00
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
Related Shares:
John Laing Infrastructure Fund