International Public Partnerships Limited has acquired an accretive additional interest in the Bradford and Lewisham Building Schools for the Future (BSF) Projects.

INPP will commit a further GBP 3.6 million (US$ 4.69 million) to acquire stakes in the six PFI project companies that own the fourteen schools providing education facilities to over 17,000 pupils across Bradford and Lewisham, UK.  The investment builds on the existing commitment of over GBP 200 million (US$ 260.72 million) that the Company has already made to develop and refurbish over 200 individual schools across the UK as part of the broader BSF programme.

INPP acquired an additional interest in the Projects from Costain Construction and Engineering Limited to increase the Company's existing investment by 4% in each of the six underlying project companies. Upon completion, the Company will hold a 54% investment in three of the Lewisham BSF schemes and 45% in the fourth, as well as increasing its share in the two Bradford schemes to 15.5% and 19% in phase 1 and phase 2 schemes respectively.