Equitix is growing its European exposure with the acquisition of a portfolio of social infrastructure and renewable assets from NIBC Infrastructure Partners.
The £3bn (€3.37) infrastructure manager said it has agreed to buy the portfolio, which includes 13 assets in the UK and Europe, for an undisclosed sum.
The portfolio is made up of renewables and social infrastructure assets that include UK healthcare, education and care home facilities, as well as renewable wind, solar and waste plants.
The Equitix portfolio includes investments in both the UK and Europe and will enable the business to increase its foothold in continental European jurisdictions, including Spain, Germany, France and Belgium, as well as to consolidate its position in UK social infrastructure assets, it said.
Hugh Crossley, the CIO of Equitix, said: “As we continue to diversify and grow our portfolio, we are always looking out for attractive opportunities to acquire high-quality assets that meet our criteria.
”We are confident that the NIBC portfolio does just this and will allow us to leverage our local expertise and grow our exposure to new European infrastructure markets.”