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Equitix closes North Hub – Aberdeen South of the City Academy School

30 Jun 2016

Equitix has closed on a North Hub project in Aberdeen.  This project is for the provision of a £47m Academy School for Aberdeen City Council.  The new school will provide a new facility amalgamating the existing Torry and Kincorth Academies. It will cater for 1350 pupils and provide high-quality sports and performance facilities for both the school and local community, featuring three distinct areas of accommodation – main classroom and teaching areas, sports facilities and vocational teaching areas. In addition, it will provide car parking in line with the Council’s transport and accessibility guidance requirements. 

The construction programme is single phase, commencing on 30th June 2016 and completing 24 months later on 15th June 2018.

Equitix is providing 30% of the investment finance with the remainder coming from Galliford Try Investments (30%), Aberdeen City Council (10%), Scottish Futures Trust (10%) and Hub Community Foundation Investments (20%). Aviva Commercial Finance Limited is providing the senior debt for the project.

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.