U.K.-based HICL Infrastructure, an infrastructure investment trust managed by InfraRed Capital Partners, has plans to sell its entire equity and subordinated debt interests in two healthcare sector projects for a total of £52 million ($67 million).
The public-private partnership (P3) projects include the Health & Safety Laboratory in Buxton, England, and the South West Acute Hospital in Enniskillen, Ireland.
The disposals are expected to be completed before the end of the year.
HICL said it plans to redeploy the proceeds from the sale into accretive investments, including previously announced offshore transmission owners that are currently seeking preferred bidders.
“Over the past 18 months, we have used selective disposals to crystallize value for HICL Infrastructure shareholders, recycling almost 7 percent of portfolio value into more attractive investments,” said Harry Seekings, co-head of infrastructure at InfraRed. “Both the board and Infr
