(Alliance News) - BBGI Global Infrastructure SA on Friday said it has completed the acquisition of a social infrastructure investment in the London Borough of Tower Hamlets.
The Luxembourg-based infrastructure investment company said that the purchase price was confidential but in the range of GBP20 million to GBP30 million.
The investment will consist of two recreation facilities and 100 affordable residential units across two sites.
Co-Chief Executives Duncan Ball and Frank Schramm said: "We are delighted to complete this high-quality availability-based social infrastructure investment with strong environmental, social and corporate governance credentials. Our strategy is to remain disciplined and selective in our approach to acquisition opportunities by only investing in availability-based assets that also align with our ESG principles, and not in higher risk infrastructure asset classes."
Following the acquisition, BBGI now owns a portfolio of 51 infrastructure investments in transport, healthcare, education and other services sectors, located in Australia, North America and Europe.
On Friday, BBGI Global - formerly known as BBGI SICAV - shares were trading down 0.2% at 180.40 pence in London.
By Will Paige; willpaige@alliancenews.com
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BBGI Global Infrastructure (BBGI)