HICL Infrastructure PLC, the UK-based infrastructure investment trust managed by InfraRed Capital Partners Limited announced that the Group has entered into an agreement to divest its entire equity and subordinated debt interests in two UK PPP projects: the Health & Safety Laboratory in Buxton; and the South West Acute Hospital in Enniskillen. The combined consideration is GBP 52 million (US$ 66.71 million) and the disposals are expected to complete before the end of 2019.

In line with the Company's strategy to optimize portfolio construction, the Investment Manager sought offers for the Projects. These were analyzed by InfraRed and were considered to be attractive, enhancing key portfolio metrics and delivering significant value to HICL's shareholders. The Group expects to redeploy the proceeds into accretive investments, including previously announced OFTOs that are currently at preferred bidder stage.