Secondary market remains 'buoyant'
29 August 2012
Demand for infrastructure assets in the secondary market remains strong, with firms continuing to invest in the sector despite uncertainty in the primary market.
Infrastructure fund HICL has made additional investments in four existing projects, increasing its stake in the schemes for a total outlay of £10m.The fund upped its shares in the Romford Hospital, Fife Schools, Exeter Crown Courts and Stoke Mandeville Hospital PFI deals, buying the stakes from subsidiaries of Sodexo.
Meanwhile, the John Laing Infrastructure Fund has announced a 4.5% increase in its portfolio value to £449.4m during the six months to 30 June, delivering profit after tax of £13.8m on an investment basis.
It has an estimated pipeline of over £350m of John Laing assets that will become available to the fund over the next three years.
Both JLIF and HICL plan to make further acquisitions in the secondary market over the coming months.
“There continues to be a buoyant secondary market for infrastructure assets and we are confident of further acquisition opportunities,” said JLIF chairman, Paul Lester.
