DIF Infrastructure III closes the acquisition from Kier of a PFI project in the UK
DIF Infrastructure III completed the purchase from Kier of a 50% shareholding in the North Kent Police Station PFI project. The project has an operational track record of 5 years and a remaining concession life of 23 years.
The project involves the ownership and provision of headquarters and custody buildings to the North Kent Police, located on an existing recreation ground at Thames Way, near Gravesend. The facility consists of a four storey office building and a two storey building housing additional offices, a ground floor 40-cell custody suite and a first floor plant room.
The estimated project cost was £26 million. The financing is secured through a long term loan provided by the Bank of Scotland.
The facility is operated and maintained by Tascor Services Ltd., a trading division of Capita Group PLC.
DIF Infrastructure III was launched in January 2012. The fund held a first close in May 2012 and realised a final closing March 2013. The committed capital is € 800 million, which substantially exceeded the target of € 600 million.
The fund invests in PPP/PFI/P3 projects, renewable energy projects and other core infrastructure assets with a similar characteristics and risk/return profile in Europe and North America that provide long-term stable cash-flows with minimal commercial risk.
Country news
-
-
January 10, 2014
Stoke-on-Trent extra-care housing PFI awarded
The Sapphire consortium has been named preferred bidder by Stoke-on-Trent City Council for the Stoke-on-Trent extra care housing PFI project. Read more -
January 14, 2014
Resonance Closes Wind Fund at $100 million
Resonance Asset Management LLP, the alternative asset management firm specialising in energy assets, yesterday announced the completion of the acquisition of four operating wind farms by the Resonance British Wind Energy Income Fund, demand for which has been predominately driven by institutional investors. This takes total assets raised to $100 million in just 10 months. Read more -
January 14, 2014
Stephenson Harwood LLP Hires Rail Partner
Suzanne Tarplee has joined the Rail Team at international law firm Stephenson Harwood LLP. Suzanne joins from Burges Salmon, where she has was a Legal Director in the rail group. Read more -
January 14, 2014
Balfour Beatty Holds Third Close for Infrastructure Fund
Balfour Beatty Infrastructure Partners has held a third close of its debut infrastructure fund, Balfour Beatty Infrastructure Partners, LP. According to a Securities and Exchange Commission (SEC) filing of January 8th, 2014, the fund has raised US$469 million. Read more -
January 16, 2014
Macquarie Bulks Up Infrastructure Debt Team
Macquarie Infrastructure debt investments solutions (MIDIS), part of the Macquarie Funds Group, the asset management arm of Macquarie Group Ltd, said it is expanding its European footprint by appointing Tom van Rijsewijk and Tim Humphrey and relocating from Australia to London Andrew Robertson and Fiona Griffin. Read more
