DIF Infrastructure III Buys stake in Leeds Social housing PFI
On January 14, 2014, DIF Infrastructure III completed the purchase from Carillion of a 33.33 % shareholding in the Leeds Swarcliffe Social Housing PFI project. The acquisition has been funded entirely with equity from the fund.
Debt financing is secured through a long term loan provided by the Bank of Scotland, part of Lloyds Banking Group.
The properties are owned by Leeds City Council. The facilities are maintained by Yorkshire Housing, a registered social landlord providing more than 15,000 affordable homes throughout Yorkshire.
The project has an operational track record of over 8 years and a remaining concession life of 21 years. The project was awarded in May 2005.
The Project involves the service provision of more than 1400 social housing properties in the Swarcliffe area of Leeds, supported by funding from the Office of the Deputy Prime Minister and Leeds City Council throughout the life of the project.
The work comprised the refurbishment of the Council owned dwellings, demolition of 4 tower blocks, garages and ancillary buildings freeing land for new construction, estate restructuring, new road and home zones and play areas, new shops and neighbourhood housing office.Country news
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Low Carbon and Macquarie to develop two solar projects
UK Renewables investment company Low Carbon and infrastructure developer Macquarie Capital are to develop two UK solar project totalling 34MW under the second phase of a tie-up. Read more -
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Devon County Council Pension Fund invests in infrastructure funds
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January 17, 2014
HICL Infrastructure announces several transactions
HICL Infrastructure, the listed infrastructure investment company, has announced the acquisition of incremental stakes in three existing investments, and the separate disposal of interests in two further projects. Read more -
January 20, 2014
Financial Close reached for Wolverhampton BSF
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January 21, 2014
Bidders Day announced for fourth PF2 school batch
The UK Department for Education has announced the celebration of bidders' day for the fourth batch of privately financed schools in the country under the PF2 model. Read more
