Skanska Infrastructure Development is selling £80m (€111m) of investments in UK hospitals to its own pension funds.
The company’s 37.5% stake in St Bartholomew’s Hospital and the Royal London Hospital are being sold to three Skanska pension funds.
Skanska’s UK arm will continue to manage the two public/private partnership assets.
Three staff pension funds for the UK, Sweden and Norway will hold 60%, 20% and 20% interests, respectively, in the 37.5% stake.
The St Bartholomew’s Hospital (Barts) has been transformed into a cancer and cardiac centre and was handed over in March 2010.
A final phase will be completed next year.
The Royal London Hospital, which includes a specialist women and children’s centre and an accident and emergency department, is complete.
No comments yet