16 April 2018
HICL Infrastructure Company Limited
HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group"), the listed infrastructure investment company advised by InfraRed Capital Partners Limited ("InfraRed"), is pleased to announce an investment in the Biology, Pharmacy and Chemistry Department of the Paris-Sud University PPP Project ("the Project"). The HICL Group is taking an 85% ownership interest in the Project, alongside Bouygues Energies & Services and Bouygues Bâtiment Grand Ouest.
The Project involves the design, construction, financing and maintenance of new teaching and research facilities for the Paris-Sud University, on the Saclay Plateau, near Paris.
The facilities will be built by Bouygues Bâtiment Grand Ouest and will take approximately four years to complete. The 25-year operational period commences at the scheduled construction completion date, with facilities management services and lifecycle responsibility subcontracted to Bouygues Energies & Services.
The HICL Group's total commitment to the Project is up to €21m, including a shareholder loan subscription obligation payable upon construction completion.
As a PPP, the Project fits within a core target market segment within HICL's stated acquisition strategy. This investment is accretive to the existing portfolio and was sourced through InfraRed's long-standing relationship with Bouygues Construction.
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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 assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.
With a current portfolio of 117 infrastructure investments, HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPP projects; regulated assets; and demand-based assets.
Further details can be found on the HICL website www.hicl.com.
Investment Adviser (InfraRed Capital Partners)
The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 200 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, Seoul and Sydney. With over 130 professionals it manages in excess of US$10bn 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 approximately 70 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.
InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.
Further details can be found on InfraRed's website www.ircp.com.
This information is provided by RNS