John Laing Group has completed the acquisition of HICL Infrastructure PLC (HICL)’s entire equity interest in four UK PPP projects.

The operational core infrastructure portfolio assets that have been acquired include:

• The Oxford John Radcliffe Hospital PFI Project, Oxford - A new wing adjacent to the former Radcliffe Infirmary;
• The Queens Hospital PFI Project, Romford, Essex - A new hospital at the Queen’s Hospital;
• The South Ayrshire Schools PFI Project, Western Coast of Scotland - Three primary schools, two new secondary schools and a new performing arts annex at an existing secondary school; and
• The Priority Schools Building Programme North East Batch, Tyne and Wear, Northumberland and County Durham - Six new secondary schools and six new primary schools spanning seven local authorities.

The Hornsea 2 Offshore Transmission Owners (OFTO) represents the fifth asset in the acquired portfolio and is presently awaiting regulatory clearance. The procurement of this asset, responsible for linking the Hornsea 2 offshore wind farm situated 90km east of the Humber Estuary in North Yorkshire to the UK mainland, showcases John Laing's growing interest in opportunities within the expanding transmission sector.