Financial Close of Offenbach Police Headquarters
Financial close of offenbach police headquarters
1 July 2021
International Public Partnerships Limited ('the Company', 'INPP'), the listed infrastructure investment company, is pleased to announce that it has reached financial close on a new police headquarters in South-East Hesse in Offenbach (the 'Project'). The Company has invested €9.5 million for a 45% shareholding in the Project.
The Project was awarded in December 2017 to a consortium comprising INPP Public Infrastructure Germany GmbH & Co. KG, Amber Infrastructure GmbH, and Goldbeck Public Partner GmbH ('Goldbeck'). Financial close of the Project took place after construction reached completion and successful handover to the Federal State of Hesse .
The 36,645 sqm newly built centre will provide a headquarters to the police in South-East Hesse in Offenbach, which is approximately 5 km from Frankfurt, accommodating c.1,000 staff. The Project directly supports Sustainable Development Goal 16 (Peace, Justice and Strong Institutions), providing the Hesse State Police with office space, meeting areas, police station, cells, forensic science laboratories, a nursery, a cafeteria, multi-purpose hall, a parking deck for cars and bicycles, and outside facilities.
Alongside the provision of these core functions, the headquarters have been sustainably designed and built. Key energy features include c.890 solar power panels generating 302 kWp, a combined heat and power plant and a low-energy heating/cooling system. Where possible, sustainable materials were used, including Life Cycle Assessment ('LCA') certified products throughout the building. Finally, to support active transport 190 bicycle ports have been provided.
Goldbeck will provide ongoing facilities management services to the Project over the 30-year concession term.
ENDS.
For further information:
Erica Sibree/Amy Edwards +44 (0)20 7939 0558/0587
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0)
20 3727 1046/1039
FTI Consulting
About International Public Partnerships (INPP):
INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.
INPP is a responsible, long-term investor in 130 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.
Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists of over 150 staff who are responsible for the management of, advice on and origination of infrastructure investments.
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