Acquisition of portfolio assets

RNS Number : 3299A

Bilfinger Berger Gbl Infrstre SICAV

29 March 2012

BBGI completes the purchase of 13 seed portfolio assets for £81.5m

Bilfinger Berger Global Infrastructure SICAV S.A. (ticker "BBGI"), which announced its maiden results on 27 March, is pleased to announced that it has completed the acquisition of a further 13 assets which are part of the seed portfolio. These assets were acquired for approximately £81.5 million.

The Global Portfolio currently totals 17 assets in Roads, Education, Healthcare and Justice across four countries - UK, Canada, Australia and Germany.

BBGI has previously announced the acquisition of Golden Ears Bridge and Kicking Horse Canyon in Canada and Royal Women's Hospital and Victoria Prisons in Australia for a total of £86.3 million.

All the projects acquired to date are supported by contracted, government-backed revenue streams, with inflation protection characteristics and consist of:

Roads

Golden Ears Bridge Canada

Northwest Anthony Henday Drive Canada

Kicking Horse Canyon Canada

Healthcare

Royal Women's Hospital Australia

Liverpool & Sefton Clinics UK

Gloucester Royal Hospital UK

Barnet & Haringey Clinics UK

Education

Clackmannanshire Schools UK

Scottish Borders Schools UK

Kent Schools UK

Bedford Schools UK

Coventry Schools UK

East Down Colleges UK

Lisburn College UK

Justice

Victoria Prisons Australia

Burg Prison Germany

Other

Stoke on Trent & Staffordshire Fire and Rescue Service UK

Duncan Ball Co-CEO of BBGI said

"BBGI now owns a 17-asset portfolio. There are only two assets that remain to be transferred from the seed portfolio: M80 Motorway and Unna Administrative Centre. M80 is expected to transfer in the second quarter and consent for the Unna asset (1.5% of portfolio value) remains outstanding.

We are looking forward to managing these assets which are focused on social infrastructure and availability-based roads infrastructure. We believe that there is potential upside from active management of this portfolio which together with a strong pipeline of future investment opportunities gives us confidence in the future performance of BBGI."

Further information about BBGI is available on its website at www.bb-gi.com

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