DIF closes UK PFI streetlighting transaction

door Tim Kesler op 27 mrt 2017, 17:14 DIF closes UK PFI streetlighting transaction

London, 27 March 2017 - DIF Infrastructure IV is pleased to announce that it has acquired from SSE PLC (“SSE”) a 100% interest in the Newcastle & North Tyneside UK PFI Streetlighting project located in the two metropolitan boroughs of Newcastle and North Tyneside (the “Project”).

This is the first of the three UK PFI Streetlighting projects (the “Projects”) that DIF has agreed to acquire from SSE and consists of over 40,000 street lighting assets in Newcastle and over 30,000 street lighting assets in North Tyneside.

The other two Projects are located in Leeds and Stoke on Trent and are expected to close in the coming weeks. The Projects are availability based and have all been operating for over 5 years. All Projects benefit from long term financing provided by RBS. Operations and lifecycle will continue being performed by an affiliate of SSE under a long term contract.

Paul Nash, DIF’s head of Infrastructure: “We are pleased to be adding the Newcastle and North Tyneside Streetlighting PFI to our portfolio of investments. Streetlighting PPP is a sector that DIF understands well and we look forward to working with our operational partner SSE, who we consider to be a high quality developer, owner and operator”.

DIF is being advised by Operis (Financial), WSP (technical) and Osborne Clarke (Legal).

DIF Profile

DIF is an independent and specialist fund management company, managing funds of approximately €3.5 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3 and renewable energy assets in Europe, North America and Australia. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney. For more information, please contact:

For more information, please contact:

Paul Nash, Partner

Allard Ruijs, Partner

Back to overview

Subscribe to our press releases


DIF Management B.V., a private limited liability company incorporated under Dutch law, owns and operates this website. DIF Management B.V. is licensed by the Authority for the Financial Markets (AFM) in the Netherlands and Registered at the Dutch Chamber of Commerce under 34312941. 

The Terms and Conditions of Use (“Terms and Conditions”) apply to the use of this website. These Terms and Conditions can be found on the website. 

Nothing on or accessible through this website constitutes an offer to sell or a solicitation of an offer to buy any security that may be referred to on or through this website. The information placed on the website is for information purposes only and is general of nature. Its contents should not form the basis of any decisions. Moreover, the information may be subject to change without notice.

Please note that the value of investments and any income derived from them may fluctuate and investors may not get back the amount they invested. Any content referring to past performance should be considered as past performance and is no indication of future performance.

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject DIF Management B.V. or any of DIF Management B.V.’s products or services to any authorisation, registration, licensing or notification requirement within any jurisdiction in which it is not authorised.