For immediate release
21 February 2012
BBGI announces the completion of Royal Women's Hospital, one of its Australian seed portfolio assets for £ 19.6 million
Bilfinger Berger Global Infrastructure SICAV S.A. (ticker "BBGI"), which listed on the London Stock Exchange on 21 December 2011, is pleased to announce that it has completed the acquisition of The Royal Women's Hospital in Victoria, Australia, a PFI/PPP project from Bilfinger Berger Project Investments for approximately £19.6 million.
The Royal Women's Hospital will be 100% owned and makes up 9.5% of the seed portfolio. The Health sector is 15.1% of the overall initial portfolio.
The Royal Women's Hospital in Melbourne is Australia's largest specialist hospital dedicated to improving the health of women of all ages and new-born babies. The nine-storey hospital, opened in June 2008, is equipped to meet all future healthcare innovations.
Duncan Ball, Co CEO of BB-GI said
"The vast majority of the seed portfolio is operational and availability based. The seed portfolio has been selected to provide a diversified portfolio of projects across different industries and geographies. We currently have a good balance between health, transport, justice and education."
The acquisitions of the remaining seed portfolio projects are expected to be completed in March 2012 following which BBGI will own the 19-asset portfolio outlined in the IPO prospectus. The assets are all operational and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.
Further information about BBGI is available on its website at www.bb-gi.com.
For further information please contact:
BBGI Management Team +352 2634791
Duncan Ball
Frank Schramm
Maitland +44 (0)20 7379 5151
Sarah Hamilton
Liz Morley