John Laing completes acquisitions following £50m placing
John Laing Infrastructure Fund (JLIF) has completed the acquisition of two assets from the John Laing portfolio following a £50m placing.
John Laing Infrastructure Fund Ltd
142.60p
08:07 28/09/18
The group, which first announced the acquisitions last month, has taken a 40% stake in the 20-year Gröningen Tax Office project in the Netherlands, together with a 50% holding in the South East London Police Stations project.
JLIF plans to acquire the final asset in the portfolio - a 100% shareholding in the North Birmingham Mental Health project - on the near future.
Investment advisor to JLIF, David Marshall, said: "We are delighted to announce the completion of these two acquisitions from the John Laing portfolio, using the funds raised as part of our stated strategy.
"JLIF has a successful track record of identifying and developing acquisition opportunities prior to raising new capital, thereby maximising shareholder return."