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JLIF announces completed acquisition

11th Oct 2012 10:23

RNS Number : 4814O
John Laing Infrastructure Fund
11 October 2012
 



11 October 2012

 

John Laing Infrastructure Fund Limited (the "Company" or "JLIF")

JLIF announces completed acquisition

Following its successful capital raise of £60.4 million 6 days ago, JLIF today announces the completed acquisition of a 40% shareholding in Kromhout Barracks (Netherlands), valued at €24.2 million. This is as outlined in the prospectus issued on 7th September 2012.

This acquisition takes the number of assets in the JLIF portfolio to 36.

David Marshall from John Laing Capital Management, Fund Manager to JLIF, said:"We are delighted to announce this acquisition so shortly after the recent capital raise. This asset is of high quality and further diversifies JLIF's portfolio in the PPP accommodation sector. We anticipate the acquisition of the remaining two assets in this portfolio from John Laing, Forth Valley and Pembury Hospital, to complete in the near future. JLCM continues to actively seek new opportunities for acquisition."

 

Contacts:

JLIF Investment Adviser Tel: 020 7901 3326

David Marshall

Andrew Charlesworth

 

RLM Finsbury Tel: 020 7251 3801

Faeth Birch

Philip Walters

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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