DIF-led team awarded healthcare project in Vienna

The Dutch fund manager has been selected to build and maintain two new radiology facilities in the Austrian capital.

Netherlands-based infrastructure fund manager DIF has been awarded another PPP in the healthcare sector, this time for the construction of two new radiology facilities in Vienna.

In addition to designing, building and financing the KHR SZO Radioonkologie Vienna Krankenanstaltenverbund project, DIF and developer Vamed will maintain the radiology centres for up to 25 years, the Dutch firm said in a statement.

DIF, which did not disclose financial details, said it would be making its portion of the investment through DIF Infrastructure IV, a fund it closed last September on its revised hard cap of €1.15 billion. Asked how much of fund IV has already been deployed, DIF partner Allard Ruijs replied: “The fund has made a good start investing and committing the capital to several projects after its final closing end of September 2015.”

Commercial and financial close for the radiology facilities project is expected around the end of June. One facility will be operational in the fourth quarter of 2017, while the second will commence operations in the fourth quarter of 2019, according to Ruijs.

In January, DIF made a follow-on investment in Madrid’s Puerta de Hierro Hospital of Majadahonda, a PPP in which the fund manager held a 44 percent stake. It acquired an additional 20 percent from French developer Sacyr through Fund III.

More recently, another consortium involving DIF was named preferred bidder for Ontario’s Etobicoke General Hospital Phase 1 Patient Tower project in Canada.

Headquartered in Amsterdam, DIF invests in infrastructure in Europe, North America and Australia. The firm, which manages about €3.2 billion, has offices in Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.