In August, Balfour reported that its review of its PPP portfolio had seen it increase in value by 46% to £1.05bn as at June 2014. In that analysis, the company said its valuation was still is still “based upon somewhat conservative assumptions”.
“We continue to see a strong pipeline of opportunities and therefore, in line with our strategy of recycling equity, the proceeds will be invested in new projects as we continue to diversify our business,” said Ian Rylatt, chief executive of Balfour Beatty Investments.