McBains has advised one of the world's largest pension investors APG Asset Management N.V (APG) on its recent successful acquisition of a UK PPP portfolio, having provided technical due diligence services in relation to the acquired assets.
The investment provides the initial seed assets for a strategic Separately Managed Account (SMA) with InfraRed Capital Partners, a leading international infrastructure asset manager. The portfolio of UK availability-based social infrastructure assets was acquired by APG from HICL Infrastructure PLC. These assets are spread across health and education projects, including Southmead Hospital and Edinburgh Schools.
McBains was appointed by APG to undertake a technical due diligence exercise on the assets to identify and assess technical, operational, lifecycle and commercial risks impacting the valuation of the portfolio.
Head of Asset Management and PPP, Asela Premachandra, who led the McBains team advising on the transaction, commented: “We’re delighted to have supported APG Asset Management in the expansion of their portfolio with this milestone investment in UK PPP assets and we are confident that this acquisition represents a strong addition to their asset base”.
Marjolaine Lopes, Europe Social Infrastructure Lead at APG, commented: “This transaction marks a meaningful step in expanding our social infrastructure portfolio, providing access to high-quality assets in the UK healthcare and education sectors. As we continue to grow our infrastructure exposure, we remain committed to delivering strong financial outcomes while contributing to a more sustainable future. We would like to thank the McBains team for their support with this transaction”.
APG is a Dutch pension investment company and a direct subsidiary of Stichting Pensioenfonds ABP, the largest pension fund in the Netherlands.
Media
You might be interested in...
New Urgent Treatment Centre opens at Worthing Hospital
A significant part of Worthing Hospital’s multi-million-pound improvement programme to expand its Emergency Department (ED) reached completion recently, with the handover and official opening of a new, purpose-built urgent treatment centre (UTC) on August 29, 2025
RIBA JOURNAL: An unconventional north London community gets a people-focused new heart
McBains is featured in RIBA Journal for our role as structural engineers on Highgate Newtown Community Centre in Camden.
Tamworth College welcomes new students
The construction of South Staffordshire College’s new Tamworth College campus reached completion at the end of August, with the college welcoming students for the start of the new academic year in September.
McBains Secures Multi-Lot Appointment on £175m National Framework
McBains is proud to announce its successful appointment to four lots on the Fusion21 Construction Consultancy Services Framework.
Steve Brooker joins judging panel for prestigious Building Better Healthcare Awards 2025
Director of London Project Management, Steve Brooker, recently served as a judge for the Building Better Healthcare Awards 2025, helping to review entries in the Building Class group, which spans nine categories, including the coveted Best Healthcare Development over £75 million.
McBains advises APG Asset Management on acquisition of PPP portfolio
McBains has advised one of the world's largest pension investors APG Asset Management N.V (APG) on its recent successful acquisition of a UK PPP portfolio, having provided technical due diligence services in relation to the acquired assets.