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Completion of Acquisitions

2nd Oct 2014 07:00

RNS Number : 2273T
John Laing Infrastructure Fund
02 October 2014
 



John Laing Infrastructure Fund Limited

Completion of Acquisitions

JLIF, the listed infrastructure investment company, is pleased to announce that, following its successful £50 million placing earlier this month (the "Placing"), it has completed the acquisition of two assets from the John Laing portfolio announced on 11 September 2014. These are:

· A 40% stake in the Gröningen Tax Office project in the Netherlands, a 20 year concession encompassing the operation of 47,000m2 of office accommodation, 700 parking spaces and 9,000m2 of public gardens; and

· A 50% stake1 in the South East London Police Stations project which, across all four stations, provides 34,000m2 of internal space, including 96 custody cells and stabling for 24 horses.

The final asset in the stated portfolio is a 100% shareholding in the North Birmingham Mental Health project, the acquisition of which JLIF anticipates to complete in the near future.

David Marshall from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:

"We are delighted to announce the completion of these two acquisitions from the John Laing portfolio, using the funds raised as part of our stated strategy. JLIF has a successful track record of identifying and developing acquisition opportunities prior to raising new capital, thereby maximising shareholder return."

 

For further information, please contact:

JLCM 020 7901 3326

David Marshall

Andrew Charlesworth

 

Finsbury 020 7251 3801

Faeth Birch

Philip Walters

 

1 25% acquired from the John Laing Pension Trust

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