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Macquarie provides long-term financing for upgrade and expansion of three hospitals in England
Investors - APRIL 29, 2024

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Macquarie provides long-term financing for upgrade and expansion of three hospitals in England

by Released

Macquarie Asset Management, on behalf of investors in its Macquarie Inflation Linked Income Fund, has provided approximately £33 million ($41 million) in long-term financing to enable the upgrade and expansion of three healthcare facilities for NHS trusts across the Midlands in England.

The projects financed include the refurbishment and further development of administration, communal and retail spaces at the Princess Royal Hospital in Telford and Warwick Hospital. The financing also enables the development of a new multistory carpark with 875 spaces at the Royal Derby Hospital. The projects will help enhance the accessibility and quality of facilities for each hospital’s patients, visitors and staff.

The projects are at different stages of development and will be financed through a combination of development finance and forward-funding agreements with specialist project developer Noviniti.

To meet the distinct needs of the respective hospitals, Macquarie Ass

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