John Laing Infrastructure Fund Completion of Acquisition (9167G)
June 01 2017 - 10:13AM
UK Regulatory
TIDMJLIF
RNS Number : 9167G
John Laing Infrastructure Fund
01 June 2017
John Laing Infrastructure Fund Limited
Completion of Acquisition
JLIF, the FTSE 250 listed infrastructure investment company, is
pleased to announce that it has completed the acquisition of a 50%
interest in the Croydon and Lewisham Street Lighting project from
John Laing Investments Limited (a wholly-owned subsidiary of John
Laing Group plc ("John Laing")).
The 25-year PPP contract involves the replacement of 90% of the
street lighting apparatus in the London Boroughs of Croydon and
Lewisham, and the ongoing operations and maintenance of 48,000
lighting points. The project reached financial close in April 2011
and has been fully operational since November 2016.
The acquisition was made under the first offer arrangements
between John Laing and JLIF and the consideration for the interest
was approximately GBP8.2 million. The investment represents JLIF's
ninth UK street lighting PPP project and brings the total number of
assets in JLIF's portfolio to 63.
For further information, please contact:
John Laing Capital Management 020 7901 3326
David Hardy
Gianluca Mazzoni
Finsbury 020 7251 3801
Nidaa Lone
This information is provided by RNS
The company news service from the London Stock Exchange
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