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Fri April 26 2024

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Carillion sells defence PFI asset

14 Jan 13 HICL Infrastructure Company has paid Carillion £30.6m for a 50% equity and loan note interest in the Northwood Ministry of Defence HQ PFI project.

The project is a £198m scheme to design, construct and commission new-build facilities for the MoD in Northwood, Middlesex.

Carillion completed constrcution in 2011 after a five-year construction programme and continues to provides facilities management services to the estate under a 25-year contract.

Northwood is the MoD's strategic military command centre and is also a NATO establishment. The contract provides fully serviced office accommodation along with improved single living accommodation for personnel stationed on the site.

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