Pensions Infrastructure Platform (PiP), the specialist infrastructure investment manager established to facilitate long term investment into UK infrastructure by pension schemes, has announced it has completed the acquisition of a 50% ownership stake in the new Dumfries and Galloway Royal Infirmary (DGRI) from Laing O’Rourke.

This acquisition adds to PiP’s existing 50% ownership interest and makes PiP the sole equity owner in the project alongside the Scottish Government, on behalf of its UK pension scheme investors.

The new DGRI was built by Laing O’Rourke as part of the Scottish Government’s Non-Profit Distributing (NPD) infrastructure model and became fully operational in December 2017. It provides a brand-new Emergency Care Department, a combined theatre complex for day surgery, endoscopy and surgical patients and consolidated ambulatory care.