DIF has closed the acquisition of a 100 percent interest in the Infanta Leonor Hospital in Spain located in the Vallecas district, southeast of Madrid. DIF Infrastructure V acquired the interest from Pralesa Concesiones and three other minority shareholders.
The project consists of the construction, maintenance and operation of the non-medical services of the Infanta Leonor Hospital, which operates under an availability-based payment scheme granted by the Community of Madrid. The hospital started operations in 2007 and the concession will run until 2035.
Infanta Leonor Hospital is a primary hospital in the Madrid region and has more than 200 beds, providing services to a population of more than 300,000 patients.
DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
DIF is an independent infrastructure fund manager, with €5.6 billion ($7.4 billion) of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia.
