New investment in Ireland Primary Care Centres

RNS Number : 4676Z

HICL Infrastructure Company Ld

27 May 2016

 

27 May 2016

HICL Infrastructure Company Limited

New investment in Ireland Primary Care Centres Project

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce that it has acquired a 60% shareholding in the Ireland Primary Care Centres Project, which reached financial close on 25 May 2016. 

The total investment by the HICL Group is €11.6m, which includes a commitment to invest €9.5m in 2018. The total construction cost for the Project is approximately €145m, and construction is scheduled to take 27 months. 

The Project is a 26 year concession for the design, construction, financing and maintenance of 14 primary care centres across Ireland.  New facilities will be built in Dublin, as well as at locations in Galway, Kildare, Limerick, Mayo, Roscommon, Sligo, Waterford, Tipperary and Wexford.

The construction works will be undertaken by Balfour Beatty Ireland and JJ Rhatigan & Company.  Ongoing maintenance will be performed by Aramark Ireland.

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Enquiries

InfraRed Capital Partners Limited                            [phone]

Tony Roper
Keith Pickard
Laurence Richardson
Harry Seekings

Tulchan Communications                                            [phone]

David Lloyd-Seed
Latika Shah

Canaccord Genuity Limited                                         [phone]

Dominic Waters
Neil Brierley
Will Barnett
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 projects which are predominantly in their operating phase and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.  With a current portfolio of 106 social and transportation infrastructure investments (and one conditional investment) with predominantly availability-based income streams, it is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details can be found on the HICL website, www.hicl.com.

Investment Adviser

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 160 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, Paris, Seoul and Sydney. With over 120 professionals it manages in excess of USD 9bn 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 60 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.

Further details can be found on InfraRed's website, www.ircp.com.

 

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