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New investment - Hart van Zuid

29 Apr 2016 07:02

RNS Number : 7761W
3i Infrastructure PLC
29 April 2016
 

3i Infrastructure plc

 

Hart van Zuid primary PPP project reaches financial close

 

29 APRIL 2016

 

3i Infrastructure plc ("3i Infrastructure" or "the Company") announces today that it has committed to invest approximately €5 million to acquire a significant majority stake in Coeur du Sud B.V., a Special Purpose Vehicle created for the Hart van Zuid primary Public Private Partnership ("PPP") project in Rotterdam, the Netherlands, which has today reached financial close. The other shareholders are entities of the Heijmans and Ballast Nedam groups.

 

The approximately €200m project involves the renewal and revitalisation of the area surrounding the Zuidplein and Ahoy centres in a PPP project with the Municipality of Rotterdam.

During the multi-year project, the Ahoy convention centre will be expanded to include an international conference centre, a music hall, a cinema and a hotel. An art building with a library and theatre will be constructed on the new Plein op Zuid square. In addition, the Zuidplein shopping centre will be renovated and expanded and the new Charlois swimming pool will be incorporated into the current city hall. Furthermore, the metro and bus transportation hubs will be renewed. Construction work will commence in the second quarter of 2016.

Richard Laing, Chairman, 3i Infrastructure plc, commented:"This investment adds to our growing portfolio of primary PPP projects, alongside our economic infrastructure investments, and demonstrates our ability to originate attractive investment opportunities through our relationship with primary developers." 

 

Ben Loomes and Phil White, Managing Partners and Co-heads, Infrastructure, 3i Investments plc, added:"We are pleased to announce the Company's investment in the Hart van Zuid primary PPP project. This investment builds on our Infrastructure team's existing experience of PPP projects in the Netherlands as well as our relationship with Heijmans and Ballast Nedam."

 

 

 

-Ends-

For further information, contact:

 

Richard LaingChairman, 3i Infrastructure plc

Tel: +44 1534 847 410

 

Silvia SantoroInvestor enquiries

Tel: +44 20 7975 3258

Email:silvia.santoro@3i.com

 

Toby Bates

Media enquiries

Tel: +44 20 7975 3032

Email: toby.bates@3i.com

 

Notes to editors:

About 3i Infrastructure plc

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 economic infrastructure, primary PPP and low-risk energy projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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