London-listed Babcock & Brown Public Partnerships (BBPP) said it has completed the acquisition of a £ 40.6mln (EUR 51.5mln) portfolio of 11 investments in PPP projects from Babcock & Brown and its specialised funds and asset management platform. The portfolio includes the Orange Hospital project in Australia (100% ownership), the Brescia Hospital in Italy (24% ownership), a further interest in the Diablo Rail Link Project in Belgium (additional 27.5% ownership) and various interests in the subordinated debt provided for the construction of eight projects being developed under the NHS LIFT program (UK National Health Service Local Improvement Finance Trust initiative).
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