London-listed Babcock & Brown Public Partnerships (BBPP) said it has completed the acquisition of a £ 40.6mln (EUR 51.5mln) portfolio of 11 investments in PPP projects from Babcock & Brown and its specialised funds and asset management platform. The portfolio includes the Orange Hospital project in Australia (100% ownership), the Brescia Hospital in Italy (24% ownership), a further interest in the Diablo Rail Link Project in Belgium (additional 27.5% ownership) and various interests in the subordinated debt provided for the construction of eight projects being developed under the NHS LIFT program (UK National Health Service Local Improvement Finance Trust initiative).
London-listed Babcock & Brown Public Partnerships (BBPP) said it has completed the acquisition of a £ 40.6mln (EUR 51.5mln) portfolio of 11 investments in PPP projects from Babcock & Brown and its specialised funds and asset management platform. The portfolio includes the Orange Hospital project in Australia (100% ownership), the Brescia Hospital in Italy (24% ownership), a further interest in the Diablo Rail Link Project in Belgium (additional 27.5% ownership) and various interests in the subordinated debt provided for the construction of eight projects being developed under the NHS LIFT program (UK National Health Service Local Improvement Finance Trust initiative).
The company's portfolio now includes 41 investments across a wide geographical range. The latest investments will be held in the company's C Share portfolio, which is almost 50% invested.
According to a presentation to be made at the Babcock & Brown Infrastructure conference in London, over half of Europe's PPP markets are at an early stage, with the UK a clear leader. Budgetary constraints and the need to improve infrastructure have encouraged growing interest in PPP among the EU's new member states.
