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Equitix achieves financial close on new £44m Largs 2 – 18 campus for North Ayrshire Council

27 May 2016

Equitix has achieved financial close on a new £44m Largs 2 – 18 campus for North Ayrshire Council.  The project marks the 6th DBFM project that Equitix has developed and closed through Hub South West.  Construction work, which starts immediately, will be undertaken by Galliford Try Construction with Life Cycle and Hard FM services being delivered by FES FM through the 25 year concession period.

The project marks a significant investment in the school estate of North Ayrshire Council, bringing together three existing primary schools and a secondary school into a single site – promoting the efficiencies of a campus development, but with each part of the campus having its own identity within the whole.  The new learning campus will host 1200 secondary school pupils, 210 denominational primary pupils, 610 non-denominational primary pupils and 100 early years places, as well as providing core leisure and community provision to the surrounding area.

The overall area of the new building within the campus is based upon metrics from the Scottish Futures Trust, with the final construction costs delivering an efficiency of 5% below SFT metric.

Hub South West, through the procurement of the project, has also committed to a series of community benefits which will be delivered through the construction of the new facility.  These will provide a range of training and apprenticeship opportunities, as well as maximising the use of local suppliers – thus ensuring that the impact of this new facility will extend beyond the building itself and bring with it a wider social and economic benefit to the people of Largs.

About Equitix:

Equitix was established in 2007 and is based in London. Equitix is an integrated core infrastructure asset management and primary project platform and typically invests in UK infrastructure projects with long-term revenue streams across the healthcare, education, social housing, highways and street lighting, offshore transmissions and renewable and waste sectors. Tetragon (TFG) owns 85% of the business; over time, TFG’s holding is expected to decline to approximately 74.8%. Management own the balance. Equitix Investment Management Limited is authorised and regulated by the UK Financial Conduct Authority. 

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any state or jurisdiction.