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Wed May 29 2024

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Skanska sells hospital stake for £17m

11 Oct 12 Skanska has sold its investment in Walsall Manor Hospital to Barclays Infrastructure Funds Management for £17m.

Walsall Manor Hospital
Walsall Manor Hospital

Skanska held a 50% equity share in the project company responsible for the financing, design, construction and operation of the hospital under a public private partnership scheme, which reached financial close in November 2007.

Innisfree holds the remaining 50% share in the project company.

Skanska continues to be responsible for the hard facilities services at the hospital under a separate contract.  Operations started in May 2011.

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