Bilfinger Berger Global Infrastructure (BBGI), the maiden fund from German developer Bilfinger Berger, has committed £19.6 million (€23.3 million; $30million) to acquire an Australian hospital from its developer parent.
BBGI has bought 100 percent of The Royal Women’s Hospital public-private partnership (PPP), a specialist health care facility for newborns and women, in Melbourne, Victoria. The hospital accounts for just under 10 percent of BBGI’s seed portfolio.
The fund expects that by March it will have completed its plan to acquire 19 operational or near-operational PPP projects from Bilfinger Berger.
“The vast majority of the seed portfolio is operational and availability based,” commented Duncan Ball, co-chief executive officer of BBGI, in a press release. “The seed portfolio has been selected to provide a diversified portfolio of projects across different industries and geographies. We currently have a good balance between health, transport, justice and education.”
At the close of 2011, BBGI raised £212 million on the London Stock Exchange via an oversubscribed offer.
Bilfinger Berger fund in £20m Aussie social infra deal
The debut fund of the German infrastructure developer is closer to fulfilling its plan to acquire nearly two-dozen public-private partnership projects from its developer parent, following the acquisition of an Australian healthcare facility.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: