Skanska divests Midlothian Schools in Edinburgh, Scotland for GBP 3 M, about SEK 30 M
Skanska has sold its stake, 50 percent, in the PPP (Private Public Partnership) project the Midlothian Schools for GBP 3 M, about SEK 30 M, to the co-investor Barclays Integrated Infrastructure Fund. The transaction will be recorded in the fourth quarter of 2011.
The project has provided eight new schools on seven sites in the area around Edinburgh, all built by Skanska construction. The schools have been open for more than three years. Skanska Facilities will continue to provide the facility management services.
Skanska Infrastructure Development is a leader in the global Public Private Partnerships (PPP) market. The business unit invests in, develops and operates roads, hospitals, schools, power plants and other social infrastructure in partnership with the public sector.