International Public Partnership Ld Investment in Police Headquarters near Frankfurt (7167Y)
December 07 2017 - 7:41AM
UK Regulatory
TIDMINPP
RNS Number : 7167Y
International Public Partnership Ld
07 December 2017
INVESTMENT IN POLICE HEADQUARTERS PPP NEAR FRANKFURT
7 December 2017
International Public Partnerships Limited ('the Company',
'INPP'), the listed infrastructure investment company, is pleased
to announce that it has entered into a binding commitment to
acquire a stake in the new public private partnership police centre
of South-East Hesse in Offenbach ('the Project').
INPP has committed to invest c.EUR8 million for a 45%
shareholding in the Project.
The Project has been procured by the Federal State of Hesse,
through the Department of Real Estate Management. It is anticipated
that the Project will take 2.5 years to construct after which it
will have a 30 year operational term.
The centre will provide a headquarters to the police in
South-East Hesse in Offenbach which is approximately 5 km from
Frankfurt. It includes office space, meeting areas, a cafeteria,
police station, cells, nursery, multi-purpose hall, parking deck
and outside facilities on a c. 37,000 sqm piece of land
accommodating c. 800 staff. The gross floor of the Project is
67,472 sqm and includes 700 car parking facilities.
Subsidiaries affiliated with Goldbeck GmbH will act as
construction contractor and will also assume responsibility for
financing during the construction period. As such INPP's financial
commitment will not come into effect until satisfactory
construction completion, anticipated to occur in mid-2020. Goldbeck
Public Partner GmbH will provide ongoing facilities management
services to the Project.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
Notes to Editors:
About International Public Partnerships:
International Public Partnerships ('INPP') is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships ('PPP'), regulated asset and other similar procurement
methods.
Listed in 2006, INPP is a long-term investor in 127 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the UK, Europe, Australia and North America.
INPP seeks to provide its shareholders with both a long-term
yield and capital growth through investment across both
construction and operational phases typically of 25-40 year
concessions.
Amber Infrastructure Group ('Amber') is the Investment Adviser
to INPP and consists over 100 dedicated staff who manage, advise on
and originate investments for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQLDLFBDLFXFBV
(END) Dow Jones Newswires
December 07, 2017 07:41 ET (12:41 GMT)
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024