New investment
3i Infrastructure plc (“the Company”) announces that it has committed to invest €5.1 million for a 28% holding in the RIVM project, a primary Public Private Partnership (“PPP”) project to build the new premises of the National Institute for Public Health and the Environment and the Dutch Medicines Evaluation Board (MEB) in Utrecht, the Netherlands.
The project was procured under a typical PPP framework by the State of the Netherlands, represented by the Central Government Real Estate Agency, part of the Ministry of Interior and Kingdom Affairs. The project scope comprises the design, build, finance, maintenance and operation of 70,000m2 facility comprising an office building and laboratories on the site of Utrecht Science Park. Construction is expected to be completed in November 2018.
The investment is consistent with the Company’s strategy of increasing its portfolio of primary PPP projects where it can achieve attractive risk-adjusted returns and enhance the overall portfolio, alongside its European core economic infrastructure portfolio.
Peter Sedgwick, Chairman, 3i Infrastructure plc, commented: “We are pleased with this new investment, which is a further step in the continued delivery of the investment strategy to increase in a measured way our portfolio of primary PPP projects over time.”
Ben Loomes and Phil White, Managing Partners and Co-heads of Infrastructure, 3i Investments plc, added: “This is the Company’s second investment in a Dutch primary PPP project. The Dutch market is proving to be attractive for this type of investment and we look forward to identifying further investment opportunities within the region.”
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For further information, contact:
Peter Sedgwick
Chairman, 3i Infrastructure plc
Tel: +44 1534 711 444
Silvia Santoro
Investor Relations Director, 3i Group plc
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com
Notes to editors:
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on core economic infrastructure in developed economies, principally in Europe, in the utilities and transportation sectors, investing in operational businesses which generate long-term yield and can provide capital growth. It also has investments in social infrastructure and is building its exposure to primary PPP and renewable energy projects.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.