HICL Infrastructure has bought yet another public finance initiative asset in the UK.
This time the firm has spent £2.9m on a primary care facility in the north-west of England. The project offers a range of services including diagnostics, a GP practice and children's services.
The construction cost for the project was approximately £19m and it became operational in 2009.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
HICL shares have gained 3.8% in the last 12 months.
BS
-
‘Financial strain’ forcing landlords out of buy-to-let sector, industry warnsNews New figures from Rightmove suggest the buy-to-let sector is becoming less attractive to investors, with a record number of previously-rented homes being listed for sale.
-
Should investors fear the “September effect” in stock markets?The first month after the summer holidays can be volatile for stock markets. Are investors right to fear the September effect?
