HICL Infrastructure Company Ld New Investment (9471K)
April 16 2018 - 2:25AM
UK Regulatory
TIDMHICL
RNS Number : 9471K
HICL Infrastructure Company Ld
16 April 2018
16 April 2018
HICL Infrastructure Company Limited
New Investment
HICL Infrastructure Company Limited ("HICL" or the "Company",
and together with its subsidiaries the "HICL Group"), the listed
infrastructure investment company advised by InfraRed Capital
Partners Limited ("InfraRed"), is pleased to announce an investment
in the Biology, Pharmacy and Chemistry Department of the Paris-Sud
University PPP Project ("the Project"). The HICL Group is taking an
85% ownership interest in the Project, alongside Bouygues Energies
& Services and Bouygues Bâtiment Grand Ouest.
The Project involves the design, construction, financing and
maintenance of new teaching and research facilities for the
Paris-Sud University, on the Saclay Plateau, near Paris.
The facilities will be built by Bouygues Bâtiment Grand Ouest
and will take approximately four years to complete. The 25-year
operational period commences at the scheduled construction
completion date, with facilities management services and lifecycle
responsibility subcontracted to Bouygues Energies &
Services.
The HICL Group's total commitment to the Project is up to
EUR21m, including a shareholder loan subscription obligation
payable upon construction completion.
As a PPP, the Project fits within a core target market segment
within HICL's stated acquisition strategy. This investment is
accretive to the existing portfolio and was sourced through
InfraRed's long-standing relationship with Bouygues
Construction.
-ends-
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Harry Seekings
Keith Pickard
Tulchan Communications +44 (0) 20 7353 4200
Latika Shah
David Allchurch
Canaccord Genuity Limited +44 (0) 20 7523 8000
David Yovichic
HICL Infrastructure Company Limited
HICL Infrastructure Company Limited ("HICL" or the "Company",
and together with its subsidiaries the "HICL Group") is a long-term
investor in infrastructure assets which are predominantly
operational and yielding steady returns. It was the first
infrastructure investment company to be listed on the London Stock
Exchange.
With a current portfolio of 117 infrastructure investments, HICL
is seeking further suitable opportunities, which are positioned at
the lower end of the risk spectrum, in three target markets
segments: PPP projects; regulated assets; and demand-based
assets.
Further details can be found on the HICL website
www.hicl.com.
Investment Adviser (InfraRed Capital Partners)
The Investment Adviser to HICL is InfraRed Capital Partners
Limited ("InfraRed") which has successfully invested in over 200
infrastructure projects since 1997. InfraRed is a leading
international investment manager focused on infrastructure and real
estate. It operates worldwide from offices in London, Hong Kong,
New York, Seoul and Sydney. With over 130 professionals it manages
in excess of US$10bn of equity capital in multiple private and
listed funds, primarily for institutional investors across the
globe. InfraRed is authorised and regulated by the Financial
Conduct Authority.
The infrastructure investment team at InfraRed consists of
approximately 70 investment professionals, all with an
infrastructure investment background and a broad range of relevant
skills, including private equity, structured finance, construction,
renewable energy and facilities management.
InfraRed implements best-in-class practices to underpin asset
management and investment decisions, promotes ethical behaviour and
has established community engagement initiatives to support good
causes in the wider community. InfraRed is a signatory of the
Principles of Responsible Investment.
Further details can be found on InfraRed's website
www.ircp.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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