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John Laing wraps up investment in McCarthy Stone's accommodation platform
StockMarketWire.com
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Infrastructure company John Laing said it had obtained necessary approvals and had achieved financial close on a UK-based specialised accommodation platform with McCarthy Stone.
'As previously announced, the Group has achieved its full year guidance for 2021 of investment commitments of at least £100 million, with £107 million in new investment commitments,' the company said.
'This comprises the investments in the UK-based specialised accommodation platform, the Pacifico 2 road PPP project, and a German fibre-to-the premise roll-out platform,' it added.
Last month, McCarthy Stone said it had entered into an agreement to secure £200 million in funding from John Laing and Macquarie Capital to fund the development of its retirement living rental portfolio.
Story provided by StockMarketWire.com
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