School for Africa
Equitix, Deloitte, CMS and Evercore would like to thank all those who attended the drinks evening at Goodenough College on the 8th December. It was a very successful evening and in total we have raised over £27,000 which will go directly towards building additional facilities at the Endana Secondary School near Nanyuki in Kenya. Thank you also to those who very kindly made donations on line and to those who donated some wonderful prizes for our raffle and auction.
The school will be linked with Cambridgeshire BSF specifically the Thomas Clarkson Community College and Neale-Wade Community College which are in the early stages of construction and hope to parallel with the building of the facilities in Kenya.
Alexandra Salmon from Thomas Clarkson Community College in Cambridgeshire has said
"By 2010 the Thomas Clarkson Community College will be a cutting edge school in the heart of the Wisbech community. We have worked closely with architects, designers and the construction team from “Equitix" to ensure that we will have a college 'fit for purpose'. Forging a link between the rural community of Wisbech and a school in Kenya will broaden the horizons of many, raising awareness of life and education across the world. The future of our build is the future of Wisbech….it’s an exciting place to be for both staff and students."
Equitix acquires 60% of Bradford Lift and Teeside Lift assets
Equitix is pleased to announce that it has acquired the private sector’s share in the existing assets and future pipeline of two NHS Local Improvement Finance Trust (LIFT) companies. The LIFT companies, one in Bradford and one in Teesside, were acquired in a consortium with Community Solutions and Community Ventures who are both established investors and operators of LIFT businesses in other regions. This acquisition is an extension of Equitix’s Healthcare business and will be the final Fund I investment.
Equitix acquires 50% of Queen Mary’s Hospital Roehampton
Equitix is delighted to announce the acquisition from Catalyst lend Lease Holdings Ltd of a 50% interest in Queen Mary’s Hospital Roehampton. It is Equitix’s first Community based hospital investment. Queen Marys specialises in rapid diagnostic services, prosthetics and provides a range of mental healthcare and care of the elderly facilities to the local community. Construction was completed in 2006 and the Concession runs until 2035. FM services are provided by Sodexo. Life Cycle and the managed equipment service continue to be provided by Bovis Lend Lease. The Equitix team who worked on the project were Hugh Crossley, Rory Christie and Jon Smith. District and specialist hospitals form a key part of our investment portfolio and our ongoing investment strategy. We have a highly experienced team with a strong track record of delivery in NHS projects and we look forward to building on this success in the months ahead.
Essex BSF Reaches Financial Close
Equitix is delighted to be investing in the Essex schools project alongside Skanska, RM and Essex County Council. The first wave comprises four sample schools and the programme will involve further facilities. Skanska will provide design, construction and facilities management services, and RM the ICT solution. Equitix will be investing in the PFI projects which are due to complete in early 2013.
Essex BSF represents Equitix’s fifth successful venture into the education sector, alongside Derbyshire BSF, Cambridgeshire BSF, Ealing PFI and Greenwich PFI. It is a significant addition to its education portfolio, which it seeks to expand over the coming years with investments in high quality infrastructure.
Contracts signed as Fenland builds schools for the future
The £110m contract for Cambridgeshire County Council's Building Schools for the Future (BSF) project has been signed.
This contract establishes a Local Education Partnership between the County Council, Building Schools for the Future Investments and Equitix Ltd. This partnership will now deliver the BSF project in Cambridgeshire, which, subject to funding for future phases, will rebuild and remodel secondary and special schools in Cambridgeshire.
Building work on the first two schools, Neale-Wade Community College in March and Thomas Clarkson Community College in Wisbech, will start in July. Contractors will work over the summer to establish the projects before the start of the Autumn term.
Design work on the other schools that form part of the Fenland BSF Project - Cromwell Community College in Chatteris; Sir Harry Smith Community College in Whittlesey; Meadowgate School in Wisbech and the Fenland Junction Pupil Referral Unit in March - is expected to begin later this year.
Once completed, the schools and their state-of-the-art facilities - including leisure and learning, sports and ICT provision - will not only be available to students and young people, but to the whole community.
The programme will create new jobs and apprenticeships, help to create sustained growth in the economy, contribute to future prosperity and help tackle local unemployment by developing a skills base within the Fenland and surrounding area.
Cllr Martin Curtis, the County Council's Cabinet Member for Children said: "This is great news for Cambridgeshire generally and for Fenland in particular. Our young people deserve the very best facilities that we can provide and we look forward to seeing how these new buildings can improve opportunities for young people's learning and the well-being of local communities."
Equitix closes Bristol Leisure PFI (14th April 2010)
Equitix has completed the PFI deal to deliver the Bristol Hengrove Park leisure centre. Contractor Kier will be responsible for the building works. Parkwood Leisure will be responsible for the operation and maintenance of the centre. The project SPV was advised by Bevan Brittan and KPMG.
The new leisure centre is scheduled to open in February 2012 and will provide a centre of sporting excellence for the City and wider region as well as making a significant contribution to the regeneration of South Bristol. The facilities that will become available in the run up to the 2012 Olympics, when demand for sports facilities is expected to reach record levels. It will include a ten-lane 50-metre swimming pool, a health and fitness suite with 150 stations as well as a wide range of supporting leisure facilities.
Parkwood Leisure will be responsible for the operation and maintenance of the centre. Partners in the deal included Bristol City Council (advised by Wragge & Co) and senior lender National Australia Bank (advised by Ashfords).
Fabio D’Alonzo commented
A lot of hard work has gone into reaching this deal and all of the parties in the project look forward to delivering an excellent sports and leisure facility for Bristol City Council.
Equitix acquires Blackpool Street Lighting PFI
Equitix is pleased to announce the acquisition of Blackpool Street Lighting in February 2010. Equitix are co-investors with Pell Frischmann. The Blackpool street lighting project consists of the replacement of 14,100 columns, the installation of 2,100 more, and 125 traffic signalling locations being replaced; all of which is being maintained throughout the project life.
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