HICL takes Yorkshire hospital stake

INFRASTRUCTURE investment firm HICL has taken a 50% stake in a major Yorkshire PFI project.

The company has acquired the stake in the Pontefract and Pinderfields Hospitals scheme from Royal Bank Project Investments.

The PFI scheme involves the building of two hospitals with a combined 774 beds with the scheme expected to be finally completed in October.

HICL announced the move this morning alongside investment in two other hospitals and an interest in a helicopter training facility which together cost the firm £32.8m.

Tony Roper, director of InfraRed Capital Partners Limited, HICL’s investment adviser, said: “These acquisitions form part of the strong pipeline previously reported and are in line with the group’s strategy. 

“In the case of Pontefract and Pinderfield, the main facilities are operational and we look forward to working alongside our co-shareholder and supply chain to provide high quality facilities to the Trust.

“The three incremental stakes accord with our stated strategy of making further investments, where possible, in projects which the Group already owns.”