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HICL – Acquisition of education facility in Ireland

InfraRed-managed HICL and UK developer Kajima Partnerships have acquired the Belfast Metropolitan College PFI Project from the Titanic Property Development Group. HICL and Kajima now own a 100% interest in the project, located in the Titanic Quarter in Belfast, Northern Ireland. The 27-year PPP project involves the design, construction, financing, maintenance and operation of a further and higher education college and associated basement car park. The project was signed in April 2009 and has been fully operational since August 2011.