DIF closes two additional UK PFI Streetlighting projectsdoor Stephanie Koning op 12 apr 2017, 16:12
London, 12 April 2017 - DIF Infrastructure IV is pleased to announce that it has acquired from SSE PLC (“SSE”) a 100% interest in the Leeds and Stoke PFI Streetlighting projects located in the two metropolitan boroughs of Leeds and Stroke-on-Trent (the “Projects”).
Today’s announcement follows the earlier announcement at the end of March 2017, when DIF acquired the Newcastle & North Tyneside UK PFI Streetlighting project.
The Leeds project consists of circa 105,000 street lighting assets and the Stoke project consists of approximately 40,000. The Projects are availability based and have all been operating for over 5 years. The concessions run till respectively 2031 and 2028, and the 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.
DIF has been advised by Operis (Financial), WSP (Technical) and Osborne Clarke (Legal).
DIF is an independent and specialist fund management company, managing funds of approximately €3.7 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australia. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.
For more information, please contact:
Paul Nash, Partner
Allard Ruijs, Partner