New investment in France

RNS Number : 0209F

HICL Infrastructure Company Ld

17 February 2015

 



17 February 2015

HICL Infrastructure Company Limited

New investment in France

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce a new investment in France, being the Ecole Centrale Supelec PPP Project ("Project") in which the Group now has an 85% ownership interest.

The Project reached Financial Close on 16 February 2015 and consists of the design, construction, finance and maintenance of a new facility for the Ecole Centrale Supelec on plateau de Saclay, near Paris, as well as a shared teaching and research facility, an underground carpark and a hotel facility (the revenue from which does not form part of the Project).

The Project will be built by Bouygues Batiment Ile de France and will take approximately 2 years to complete, with an operational period of 26 years from construction completion. The FM contract will be with Bouygues Energy & Services, which will also assume the lifecycle management risk.

The total consideration for the investment is €3.4m, comprising a loan stock subscription obligation payable upon construction completion.

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Enquiries

InfraRed Capital Partners Limited                            [phone]

Tony Roper

Keith Pickard

Laurence Richardson

Tulchan Communications                                            [phone]

Martha Walsh

Victoria Huxster

Canaccord Genuity Limited                                         [phone]

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

HICL Infrastructure Company Limited

The Company 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. It currently owns a portfolio of 96 infrastructure investments, all of which are social or transportation infrastructure concessions with predominantly availability-based income streams, and is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details of the Company can be found on its website www.hicl.com.

Investment Adviser

The Investment Adviser to the Company is InfraRed Capital Partners Limited ("InfraRed"), whose infrastructure investment team has successfully invested in over 160 infrastructure projects since 1997. InfraRed manages specialised funds and co-investment capital on behalf of a broad range of investors from around the world, creating value through investing in infrastructure and real estate projects.  The head office is in London, with offices in Hong Kong, New York, Paris, Seoul and Sydney.

InfraRed Capital Partners Limited is authorised and regulated by the Financial Conduct Authority.

Further details of the Investment Adviser can be found on its website www.ircp.com.

 

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