Lend Lease sells PFI to infra fund

6 July 2012 Lend Lease UK Infrastructure Fund has acquired the equity stake of a university PFI project from contractor Lend Lease.
Lend Lease’s 50% share in the University of Sheffield PFI deal has been transferred to the fund, which brings its funds under management to £137m. 

“Our aim is to recycle capital in order to unlock new investment opportunities,” said Tony Brown, managing director of Lend Lease’s investment management business. “This is a high quality PFI asset which fits perfectly within the fund’s investment strategy.” 

The University of Sheffield PFI was signed by Lend Lease in 2006. Over the course of three years, the firm provided four phases of new and refurbished student accommodation, comprising a total of 4,000 beds.

For more on the project, click here.

This page was last updated on:
22 April 2017.

thumb

Here we go again

UK Prime Minister Theresa May’s decision to call a General Election creates further uncertainty and delay – just as the country’s infrastructure market thought it might be getting somewhere

thumb

World View

Laurence Carter, senior director of the World Bank’s PPP group, tells Amanda Nicholls about a new culture of collaboration between the development agencies

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...