Unite Students, the UK's leading manager and developer of student accommodation, has announced that it has acquired Aston Student Village for £227 million (US$282 million) in a 50:50 joint venture with GIC, Singapore's sovereign wealth fund.
Infrastructure/PPP news in UK (United Kingdom)
SL Capital Partners has announced the final close of its inaugural infrastructure fund, SL Capital Infrastructure Fund I.
Hastings Funds Management Limited announced today that it had completed the acquisition from La Caisse de dépôt et placement du Québec (CDPQ) of a further 50 percent of South East Water (SEW) on behalf of entities within the Desjardins Group and other managed clients.
The goverment of Cayman Islands has hired the services of legal advisors to structure the bidding process or the Integrated Solid Waste Management System (ISWMS) on PPP scheme.
Allianz Global Investors,has announced the launch its second UK Infrastructure Debt Fund later this year. The fund, aimed at institutional investors, will invest in long-term, investment grade, core UK infrastructure assets, including primary brownfield and greenfield transactions within the transport, energy and social infrastructure sectors.
Northleaf Capital Partners has announced that it has held the final closing for its second OECD-focused pooled infrastructure fund, Northleaf Infrastructure Capital Partners II (NICP II), at its US$950 million hard cap.
The Pensions Infrastructure Platform (PiP), the investment manager developed by UK pension funds to invest in UK infrastructure, has announced that Tony Poulter has been appointed as its new Chairman.
Ancala Partners has successfully completed fundraising for its UK infrastructure platform, which it developed by working closely with Willis Towers Watson, the global investment business.
AMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
Pantheon, the global private equity, infrastructure and real assets investor, has promoted Robin Bailey, Chief Financial Officer, to Partner alongside the promotion of 14 professionals worldwide.
Assured Guaranty Europe (AGE) has announced the successful close of a guaranteed £87 million (US$106 million), 46-year index-linked loan, provided by The Pension Insurance Corporation (PIC) to the University Partnerships Programme (UPP). The guaranteed loan will be used to finance the construction of new student halls of residence for the University of London.
JLIF (John Laing Infrastructure Fund), the FTSE 250 listed infrastructure investment company, has announced that it has completed the acquisition of a 6% indirect interest in the Intercity Express Programme (IEP) Phase 1 project from John Laing Investments Limited (a wholly-owned subsidiary of John Laing Group plc).
Balfour Beatty, the international infrastructure group, has announced the partial sale of its interests in five Street Lighting PFI projects to funds managed by Equitix.
GMPF & LPFA Infrastructure LLP (GLIL), the joint venture between the Greater Manchester Pension Fund and London Pensions Fund Authority, has more than doubled in size to £1.275 billion (US$1.56 billion) after three more funds joined the investment vehicle.
3i Group plc has announced that it has agreed to acquire a portfolio of assets from the EISER Global Infrastructure Fund, including Belfast City Airport and East Surrey Pipelines.
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
JLIF, the FTSE 250 listed infrastructure investment company, has announced that it has signed a Sale and Purchase Agreement with respect to an indirect 6% minority shareholding in the Intercity Express Programme Phase 1 (IEP) project, from John Laing Investments Limited, a wholly-owned subsidiary of John Laing Group.
The University of Leicester (UK) has launched a tender process to seek a private partner for the development of a student housing project.
Wheelabrator Technologies has reached financial close on the new 200,000 tonnes per year North Wales waste PFI project, with construction to commence in January 2017 on the Deeside Industrial Park in Flintshire, North Wales.
A multi-million finance package has been agreed for new health centre provision in Inverurie and Foresterhill, paving the way for construction on both facilities to begin.