BBGI SICAV (BBGI), the global public private partnership (PPP) infrastructure investment company, announced that it had completed the acquisition of a further 33.3% equity interest in the Ohio River Bridges – East End Crossing PPP Project and now owns 66.6% of the equity in the project. The project is a large-scale availability-based infrastructure project that is expected to greatly improves connectivity, public safety and economic growth for residents, businesses and visitors in the Southern Indiana region. BBGI co-CEO, Frank Schramm, had this to say: “The transaction increases our exposure to the USA and has a long remaining concession life of 32 years. All of the investments in our portfolio remain low risk, availability-based projects and this transaction follows our purist approach to investing in availability-based projects.”
Electra Private Equity (ELTA) reported half-year results to March 31, 2019. NAV increased 7.1% in the period (after adjusting for dividends). The company is undergoing a managed wind-down.
PRS REIT (PRSR), the private rented homes builder, announced it had built its 1000th home, close to two years after its launch. The company also said that a further 3,200 or so new homes are currently under construction through its partners. Earlier this year, the PRSR met its initial target of committing all of its expected funds of £900m (gross) to new developments.
Civitas Social Housing released the audiocast and presentation from its capital markets day on May 13, which we attended and commented on here.
This website is for information purposes only and is not intended to encourage the reader to deal in any mentioned securities. QuotedData is a trading name of Marten & Co Limited, which is authorised and regulated by the Financial Conduct Authority. Some of the content in this website is sponsored and, although it abides by Content Principles and Objectives, (/about-quoteddata/research-principles-objectives/) it is considered non-independent. Investments may involve a significant degree of risk, including loss of capital. The value of an investment and the income from it could go down as well as up. The return of your investment is not guaranteed, and you may get back less than you originally invested. Past performance is not an indicator of future performance. It is important that you read the Terms and Conditions (/about-quoteddata/terms-and-conditions/) before considering any investment.
