BBGI Global Infrastructure has acquired a stake in the A7 German motorway from entities owned by Hochtief Solutions
The global infrastructure investment company said it has entered into an agreement to acquire a 49% equity interest in Via Solutions Nord, the project company for the A7 motorway public-private partnership between Bordesholm and Hamburg in Germany.
The project includes 11 interchanges, six parking facilities, four rest areas, 79 civil engineering structures, 100,000sqm noise barriers and a 550-metre noise enclosure tunnel.
BBGI said the project includes expansions and upgrades to certain sections of the A7 motorway.
BBGI did not disclose the purchase price but said the investment is expected to rank in the company’s top six to ten investments.
Frank Schramm, co-CEO of BBGI Global Infrastructure, said: “Our 56th availability-based infrastructure investment is our first road project in Germany and a great addition to our existing six projects in the country, further strengthening our continental Europe exposure.”
Duncan Ball co-CEO of BBGI Global Infrastructure, said: “Our strategy is to remain disciplined and selective in our approach to acquisition opportunities by only investing in availability-based assets that also align with our ESG principles, and not in higher-risk infrastructure asset classes.”
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