Balfour Beatty to sell its 70% stake in Vancouver Care Centre PPP
Balfour Beatty announced the sale of its 70% interest in the BC Children’s & BC Women’s Hospital Redevelopment Project Phase 2 – Teck Acute Care Centre, located in Vancouver, Canada. The disposal proceeds of c. GBP20 million (US$28.22 million) are in excess of valuation as of December 31, 2020.
The pre-tax profit on disposal is GBP7 million (US$9.9 million) with the end-to-end investment multiple (total cash received / total cash invested), exceeding the Group’s target indicator by 2 times.
Country updates
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June 07, 2021
EOI launched for affordable housing development in British Columbia
The City of Armstrong has launched the Expression of Interest (EOI) to identify housing providers that are interested in providing design, construction and property management services for a...
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June 07, 2021
Contract awarded for Brampton Courthouse Phase 2 project in Toronto
Infrastructure Ontario (IO) and the Ministry of the Attorney General (MAG) have awarded a contract to consortium Trans/FORM for the design, build and finance of the Brampton Courthouse Phase 2 and Tor...
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June 04, 2021
Canadian government to finance Hamilton Light Rail Transit
The Federal Government of Canada has announced CAD1.7 billion (US$1.4 billion) funding for the Hamilton Light Rail Transit project. The project is expected to cost CAD3.4 billion (US$2.8 billion), whi...
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June 04, 2021
Tender for building contractor in Bendigo
Victorian Health Building Authority has issued a tender looking for a building contractor to provide building and facility construction and maintenance services for the Hospital Day Rehabilitatio...
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June 04, 2021
Halifax Water launched RFEOI for biosolids management PPP project
Halifax Water, a utility providing municipal water, wastewater, and stormwater services to the residents of Halifax and surrounding areas, has published the Request for Expression of Interest (RFEOI)...
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