John Laing Infrastructure fund (JLIF), the FTSE 250 listed infrastructure investment company, has completed the acquisition of two further UK assets from John Laing.

These Uk assets are the following:

• A 50% stake in the Surrey Street Lighting project; and
• An 80% stake in the Kirklees Social Housing project.

The combined consideration for the two assets is £21.6 million (US$41.6 million).

These most recent acquisitions will take the number of stakes in street lighting assets owned by JLIF to eight and the number of stakes owned in regeneration and social housing assets also to eight. Overall, JLIF's total number of assets will increase to 56 with the total value of assets acquired from John Laing and the John Laing Pension Trust in 2014 totalling approximately £61 million.

David Marshall from John Laing Capital Management (JLCM), Investment Adviser to JLIF, stated:

"We are very pleased to announce the completion of these two acquisitions from the John Laing portfolio. Both assets have very similar characteristics to the rest of JLIF's existing portfolio being low risk, availability based and operational

In early December JLIF made a £1 billion (US$1.57 billion) offer for the PPP assets of the UK-based infrastructure group Balfour Beatty Plc. Later Balfour Beatty Plc announced that it had rejected the non-binding proposal.