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:
11 February 2016.

thumb

Hospital pass

The drive to make savings in the NHS will offer plenty of challenges, and some opportunities

thumb

Thinking Big

Kenya has unveiled some bold proposals for new infrastructure investment. PPP Unit head Stanley Kamau tells Amanda Nicholls how they will be implemented

register

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

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