22nd Dec 2014 07:00
John Laing Infrastructure Fund Limited
Completion of Acquisitions
JLIF, the FTSE 250 listed infrastructure investment company, is pleased to announce that it has completed the acquisition of two further assets from John Laing. These are:
· A 50% stake in the Surrey Street Lighting project; and
· An 80% stake in the Kirklees Social Housing project.
The combined consideration for the two assets is £21.6 million. These most recent acquisitions will take the number of stakes in street lighting assets owned by JLIF to eight and the number of stakes owned in regeneration and social housing assets also to eight. Overall, JLIF's total number of assets will increase to 56 with the total value of assets acquired from John Laing and the John Laing Pension Trust in 2014 totalling approximately £61 million[1].
David Marshall from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:
"We are very pleased to announce the completion of these two acquisitions from the John Laing portfolio. Both assets have very similar characteristics to the rest of JLIF's existing portfolio being low risk, availability based and operational."
For further information, please contact:
JLCM 020 7901 3326
David Marshall
Andrew Charlesworth
Finsbury 020 7251 3801
Faeth Birch
Philip Walters
[1]This includes a 40% stake in the North Birmingham Mental Health project which is yet to complete.
Related Shares:
John Laing Infrastructure Fund