Balfour Beatty announces sale of 50% interest in Scottish hospital to Semperian

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Balfour Beatty has announced the completion of the sale of its 50% stake in Fife Hospital for a cash consideration of GBP43 million (US$56.5 million), which is in excess of the Directors’ valuation as at 30 June 2018.  The expected profit on disposal on this transaction is GBP22 million (US$28.9 million). 

The 50% stake in Fife Hospital has been acquired by Semperian PPP Investment Partners. The consideration has been paid in cash in full and will be used to pay down borrowings in 2018.

The transaction is consistent with the Group’s stated strategy of optimising value through the disposal of operational assets, whilst also continuing to invest in new opportunities. 

Balfour Beatty was awarded a 30-year concession contract to construct a new wing at the Victoria Hospital in Kirkcaldy, Fife, located in eastern Scotland, in 2007, as part of the Consort Group. The consortium delivered 11 operating theatres, an emergency care centre, 13 general wards, surgical and medical assessment units, a maternity unit, a women and children’s unit, day intervention, critical care, coronary care and renal and dialysis facilities.

List of the country updates

Country updates

  • September 19, 2018

    NHS Trust claims that financial backers of Royal Liverpool Hospital PPP remain committed

    Royal Liverpool and Broadgreen University Hospitals NHS Trust has released a statement on the status of the new Royal Liverpool Hospital, which was due to be completed in June 2018 before its contract...

    Read more
  • September 14, 2018

    UK government to give contracting authority option to cancel Royal Liverpool hospital PPP

    The UK Government's Department of Health and Social Care has announced that the National Health Service (NHS) Trust that contracted Carillion to construct the Royal Liverpool Hospital will b...

    Read more
  • September 14, 2018

    Renewi concludes exit from Dumfries & Galloway waste PFI contract

    Renewi plc has announced that it has successfully reached an agreement with Shanks Dumfries and Galloway Limited, Dumfries and Galloway Council and other parties to exit the Dumfries and Galloway...

    Read more
  • September 13, 2018

    Arlington Investors refinances debt used to acquire UK student accommodation portfolio

    Arlington Investors has refinanced short-term bank debt used to finance the acquisition of two student accommodation assets acquired within a portfolio in December 2017, from Study Inn....

    Read more
  • September 12, 2018

    InfraVia European Fund IV closes at EUR2 billion hard cap

    InfraVia Capital Partners has announced that it has closed the fundraising of InfraVia European Fund IV at its EUR2 billion (US$2.31 billion) hard cap. InfraVia investors’ base consist...

    Read more

Share this update