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United Kingdom : HS1 to be acquired by group of investors.

The Canadian pension funds, owning the UK's HS1 super-fast railway between London and the Channel Tunnel have sold to a group of British and foreign investors.

Infrastructure is an increasingly lucrative asset class for investors seeking stable, long-term yields and the involvement of South Korea's public pension plan shows growing interest by Asian buyers in prime European assets.

HICL and Equitix will each buy 35%, with InfraRed holding the balance 30%.

The $175.6bn (134.2bn) Ontario Teachers' Pension Plan and the investors in charge of the C$85bn (51.2bn) pension plan for Ontario's municipal workers have divested HS1, which operates from four United Kingdom stations including St Pancras and Stratford International, to a consortium of UK-based and foreign investors.

HS1 is tasked to operate and maintain the 109km track, as well as the four stations served by the route: St Pancras International, Stratford International, Ebbsfleet International and Ashford International.

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Publication:Mena Report
Date:Jul 17, 2017
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