News on 29 November 2000
Edinburgh based investment bank Nobles has announced the completion of two private finance initiative hospital schemes worth £28m.
Through the Noble PFI fund, Nobles has invested equity and subordinated debt in an £18m extension of Wansbeck general hospital for Northumbria Healthcare NHS trust as well as a £10m extension and partial redevelopment of Luton and Dunstable hospital. The fund has a target of £50m of investments over the next three years.
The Wansbeck project is a 32-year concession to design,
build and finance new day
care, maternity and child health facilities and provide on going facilities
management and maintenance services.
The 29-year Luton project is a concession to design, build
and finance a new hospital wing and the redevelopment of some existing
hospital buildings
