{"id":95921,"date":"2021-07-07T14:19:00","date_gmt":"2021-07-07T13:19:00","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=95921"},"modified":"2021-07-07T14:19:00","modified_gmt":"2021-07-07T13:19:00","slug":"balfour-infrastructure-investments","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/balfour-infrastructure-investments\/95921\/","title":{"rendered":"Balfour sells three UK assets from its infrastructure portfolio"},"content":{"rendered":"<h2><a href=\"https:\/\/www.balfourbeatty.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Balfour Beatty<\/a> has sold its interests in three UK assets from its infrastructure investments portfolio as part of a strategy to optimise value through the disposal of operational asset<\/h2>\n<p>The three UK assets sold from Balfour\u2019s infrastructure investments portfolio include: Aberdeen Western Peripheral Route, Woodland View Hospital and North West Fire &amp; Rescue.<\/p>\n<p>Balfour Beatty\u2019s interests have been acquired by a subsidiary of BBGI Global Infrastructure S.A and are subject to final funder clearance, which is expected imminently.<\/p>\n<p>The disposal proceeds are in excess of the directors\u2019 valuation as of 31 December 2020, consistent with Balfour Beatty\u2019s strategy of optimising value through the disposal of operational assets, whilst continuing to invest in new equity opportunities.<\/p>\n<h3>Disposal\u00a0of infrastructure investment assets<\/h3>\n<p>At the start of June, <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/balfour-asset-disposal\/94278\/\" target=\"_blank\" rel=\"noopener noreferrer\">Balfour sold its 70% stake in a Canadian hospital<\/a> redevelopment project raising \u00a320m.<\/p>\n<p>The company said it had booked \u00a37m profit from the sale.<\/p>\n<p>In Balfour\u2019s full-year\u00a0<a href=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/balfour-beatty-2020\/80828\/\" target=\"_blank\" rel=\"noopener noreferrer\">results for 2020<\/a>, the company revealed it had enhanced capacity to drive cash generation through earnings growth and would restart disposals of investments assets.<\/p>\n<p>As a result of market uncertainty caused by\u00a0Covid-19, in 2020 Balfour Beatty did not dispose of any investments assets. In 2021, the group re-commenced the sale of investments assets timed to optimise value to shareholders, as demand for high quality infrastructure assets in the secondary market is expected to exceed supply.<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Balfour Beatty has sold its interests in three UK assets from its infrastructure investments portfolio.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[619,283,579],"stakeholder_rel_tag":[172945],"contributor_rel_tag":[],"class_list":{"0":"post-95921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-balfour-beatty","8":"tag-finance","9":"tag-infrastructure","10":"stakeholder_rel_tag-balfour-beatty"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Balfour sells three UK assets from its infrastructure portfolio<\/title>\n<meta name=\"description\" content=\"Balfour Beatty has sold its interests in three UK assets from its infrastructure investments portfolio as part of a strategy to optimise value\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/balfour-infrastructure-investments\/95921\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balfour sells three UK assets from infrastructure investments portfolio\" \/>\n<meta property=\"og:description\" content=\"Balfour Beatty has sold its interests in three UK assets from its infrastructure investments portfolio as part of a strategy to optimise value through the disposal of operational asset\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/balfour-infrastructure-investments\/95921\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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