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Wednesday 12 December, 2018



RNS Number : 0834K
12 December 2018

12 December 2018



(the "Company")


Acquisition of interests in three new PPP projects and

further interests in two Local Improvement Finance Trusts (LIFTs)

BBGI SICAV S.A. (LSE ticker: BBGI), the global PPP infrastructure investment company, is pleased to announce that it has completed the acquisition of significant equity interests in three PPP transportation and social infrastructure projects in the Netherlands via a partnership with VolkerWessels and additional interests in two LIFT projects in the UK from GB Partnerships Investments Limited. All assets are operational and classified as availability-based under the investment policy of the Company.

A1/A6 is a PPP road project and is part of the Schiphol-Amsterdam-Almere (SAA) expansion involving the reconstruction and widening of a 18 km motorway including reversible lanes. The project became operational in 2017 and the concession runs until 2042.

N18 is a PPP road project between Varsseveld and Enschede comprising 15 km of existing and 27 km new 2x2-lane motorway. The project became operational in 2018 and the concession runs until 2043.

Westland Town Hall is a PPP accommodation project consisting of a new approximately 11,000 m2 town hall for the municipality of Westland. The project became operational in 2017 and the concession runs until 2042.

BBGI has acquired a further 6.67% equity interest in North London Estates Partnerships LIFT Project and Liverpool and Sefton Health Partnership LIFT Project and now owns 60% of the equity interests in both projects. The two LIFT projects consist of 21 primary health care facilities and local community hospitals in North London and Liverpool, mainly in areas in need of regeneration. The projects provide high quality environments for the delivery of a broad range of primary healthcare services such as GP, dental and outpatient services, as well as providing space for wider community engagement and events.

The consideration payable by the Company for the five project interests is approximately GBP 29.1 million, which will be funded from the Company's existing cash resources and drawings under its extended credit facility.

Frank Schramm, Co-CEO commented:

"We are delighted to join VolkerWessels as partner in the three new high quality PPP projects and welcome the opportunity to make follow-on investments into existing LIFT projects."

Duncan Ball, Co-CEO added:

"These transactions are being made on accretive terms. All of the investments in our portfolio remain low risk, availability-based projects and these transactions follow our purist approach to investing in availability-based projects."


For further information, please contact:


BBGI Management Team        +352 263 479-1

Duncan Ball

Frank Schramm



BBGI owns a global portfolio of 48 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.


Further information about BBGI is available on its website at *.


The Company's LEI is: 529900CV0RWCOP5YHK95


Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).


* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.



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