Laing Launches Listed Infrastructure Fund

The infrastructure development company, John Laing, has announced its intention to sell up to £256 million of yielding infrastructure assets to the newly formed John Laing Infrastructure Fund (JLIF).

The disposal will be concluded upon the successful completion of JLIF's initial public offering.

The sale to JLIF is in line with John Laing's strategy of selling interests in mature infrastructure projects and reinvesting the proceeds into its growing pipeline of new primary development opportunities.

Following the transaction with JLIF, John Laing will retain a high quality portfolio, with interests in 35 projects in the operational phase, 6 part-operational, and 12 in the construction phase.


John Laing will continue to be responsible for day to day management of the relevant disposed assets, providing continuity of personnel and expertise in the running of the projects. In addition, John Laing's wholly owned subsidiary, John Laing Capital Management Limited, will provide investment advisory services to the fully independent board of JLIF.

Adrian Ewer, Chief Executive of John Laing said: "The nineteen infrastructure projects we are selling to JLIF have been successful developments for us. We have brought these assets through to the stage when they have become attractive, high quality and stable assets with a robust yield profile.

"This initiative not only provides us with the funds to continue to grow our business, but it also maintains our involvement in the long-term management of the assets. The assets being acquired by the fund will be attractive to those investors seeking robust yields. As other assets in our portfolio move through construction and into the operating phases in the coming years, we will be able to make further sales and to provide JLIF with the opportunity to add significant scale."

(CD/BMcC)