New details of financial close for student accommodation PPP project in London
DIF Capital Partners (DIF) has reached a financial close on the London School of Economics & Political Science student accommodation PPP project in London, UK.
Pension Insurance Corporation plc (PIC) has provided funding of GBP129 million (USD175.62 million) for the project. The investment done by PIC is a long-dated, inflation-linked loan that is maturing in 2069.
The project involves the design, build, operations and maintenance of a 15-story residence with a capacity for 676-beds along with communal spaces, a gym, three roof terraces, a cinema room and two courtyard gardens. The project will be built on Glengall Road, Southwark and is expected to be completed in 2024.
Country updates
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January 20, 2022
First close achieved for Allianz Resilient Opportunistic Credit (AROC) fund
Allianz Global Investors (AllianzGI) has announced the first closing of the Allianz Resilient Opportunistic Credit (AROC) fund. With a target volume of EUR750 million (US$850.14 million), The A...
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January 19, 2022
Preferred bidder announced for Suffolk county housing concession
The Suffolk County Council in the UK has selected Lovell Partnerships to form a property development alliance ( joint venture) to build nearly 3,000 homes. The joint venture will deliver new ho...
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January 19, 2022
UK to retender Birmingham road network PFI
Birmingham Highways Limited (BHL) in the UK is planning to relaunch the tendering process for the road network PFI. The concession involves the operation and maintenance of 2,500 km of road and...
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January 18, 2022
Surrey issues PIN notice for extra care housing PPP
The Surrey County Council in the UK has issued a prior information notice (PIN) for the development of extra care housing complexes at four sites located in the county. The scope of works involves th...
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January 10, 2022
John Laing to acquire remaining 50% stake in Brigit investment from Macquarie Capital
John Laing Group has entered into an agreement to acquire the remaining 50% interest in Brigid Investments Limited (Brigid) from Macquarie Capital. Following completion of the transaction, John L...
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