JLIF seals £21.6m purchase of John Laing assets

Infrastructure investment firm John Laing Infrastructure Fund has completed the acquisition of two assets from John Laing for a combined value of £21.6m.

The fund has taken receipt of an 80% stake in the Kirklees Social Housing project and a 50% stake in the Surrey Street Lighting project, bringing the total number of assets under its control to 56, with the total value of assets acquired from John Laing and the John Laing Pension Trust in 2014 totalling approximately £61m.

"We are very pleased to announce the completion of these two acquisitions from the John Laing portfolio," said David Marshall, the fund's investment adviser

"Both assets have very similar characteristics to the rest of JLIF's existing portfolio being low risk, availability based and operational."