Concert infrastructure acquires Carillion´s 50 interest in social P3 in Toronto

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Concert infrastructure acquires Carillion´s 50 interest in social P3 in Toronto

Concert Infrastructure has acquired Carillion’s 50% interest in the Forensic Services and Coroner’s Complex (FSCC) in Toronto, Ontario, and specifically the project company CSS (FSCC) Partnership. Having previously held a 50% interest in the project, Concert Infrastructure now wholly owns the project company.

Concert Infrastructure has assumed sole responsibility for the management of the project with Carillion Canada remaining the day-to-day facilities management service provider.

The FSCC, at approximately 663,000 square feet, brings together the Office of the Chief Coroner, the Ontario Forensic Pathology Service, the Centre of Forensic Sciences, Office of the Fire Marshall and Emergency Management Ontario on one site making collaboration between the units much easier. The facility supports the forensic capabilities that Ontario needs in the years ahead, and accommodates increased capacity for autopsies and forensic science cases.

The project, carried out under Design Build Finance Maintain (DBFM) model, achieved completion on February 15th, 2013 and had a total investment of CAD497 million (US$558 million).

David Podmore, Concert Infrastructure’s Chairman & Chief Executive Officer, said:

“Acquiring Carillion plc’s interest in the FSCC is a demonstration of Concert Infrastructure’s commitment. It solidifies our position as a long term developer, investor and manager of Canadian infrastructure assets supported by the financial strength and backing of our Canadian union and management pension plan unit holders.”

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