{"id":1959,"date":"2015-12-28T00:00:00","date_gmt":"2015-12-28T00:00:00","guid":{"rendered":"https:\/\/invesis.localhost\/bam-pggm-reaches-financial-close-on-the-courts-bundle-ppp-project-ireland\/"},"modified":"2023-06-22T13:05:57","modified_gmt":"2023-06-22T13:05:57","slug":"bam-pggm-reaches-financial-close-on-the-courts-bundle-ppp-project-ireland","status":"publish","type":"post","link":"https:\/\/www.invesis.com\/de\/bam-pggm-reaches-financial-close-on-the-courts-bundle-ppp-project-ireland\/","title":{"rendered":"BAM-PGGM reaches financial close on the Courts Bundle PPP Project, Ireland"},"content":{"rendered":"
\n

\"\"<\/a><\/p>\n

Bunnik, the Netherlands, 28 December 2015 \u2013 The National Development Finance Agency (NDFA), acting as agent for the Courts Service, and BAM PPP PGGM Infrastructure Co\u00f6peratie U.A have reached financial close on the Courts Bundle PPP Project in Ireland. The contract value is approximately \u20ac135 million.<\/p>\n

The overall objectives of the project include the design, build, finance and maintenance of facilities at seven courthouses, ranging in size from 1,354 m\u00b2 to 8,490 m\u00b2 in gross floor area:
\n\u2022 Cork City – The refurbishment and extension of the existing landmark courthouse building at Anglesea Street to accommodate six courtrooms, improved custody facilities, court offices, the regional office and associated facilities.
\n\u2022 Drogheda, Co. Louth – A new courthouse consisting of two courtrooms and associated facilities to be constructed on a landmark town centre site adjacent to the River Boyne.
\n\u2022 Letterkenny, Co. Donegal – A new courthouse to accommodate four courtrooms and associated facilities to be constructed on a town centre site close to the existing courthouse.
\n\u2022 Limerick City – A new criminal courthouse to be built on a site adjacent to Limerick Prison, to include six courtrooms, custody facilities, court offices and associated facilities.
\n\u2022 Mullingar, Co. Westmeath – The refurbishment and extension of the existing historic courthouse in Mullingar to accommodate three courtrooms, improved custody facilities, court offices and associated facilities.
\n\u2022 Waterford City – The refurbishment and extension of the existing historic courthouse in Waterford to accommodate six courtrooms, improved custody facilities, court offices and associated facilities.
\n\u2022 Wexford Town – The refurbishment and extension of an existing landmark building to provide a new courthouse for Wexford Town consisting of four courtrooms, custody facilities, court offices and associated facilities.<\/p>\n

Construction activities will be carried out by BAM Building. Completion is expected in 2017. BAM FM Ireland will be responsible for the hard and soft facilities management during a 25 year concession period.<\/p>\n

The financing package which was fully structured and arranged by The Mitsubishi UFJ Financial Group included both bank loan and private placement note facilities as well as equity financing. The financing parties involved were MUFG as sole Note Arranger and MLA and Talanx Asset Management GmbH as noteholder. The equity investors were BAM PPP PGGM Infrastructure Co\u00f6peratie U.A.<\/p>\n

BAM\u2019s consultants included Arthur Cox and KPMG. DLA Piper provided legal advice to the banks. The NDFA\u2019s legal advice was provided by McCann FitzGerald, financial advisors were also NDFA.<\/p>\n

BAM PPP<\/p>\n

BAM PPP is responsible for Royal BAM Group\u2019s involvement in the PPP market. Operating from offices in the Netherlands, Belgium, UK, Ireland and Germany, BAM PPP is active in the road, rail, education, healthcare, judicial and general accommodation sectors. BAM PPP has reached financial close on 41 projects, with a total capital value of over \u20ac6.3 billion.<\/p>\n

PGGM<\/p>\n

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 30, 2015 PGGM had \u20ac186,6 billion in assets under management. The PGGM cooperative has approximately 700,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future solutions by linking together pension, care, housing and work. www.pggm.nl<\/a><\/p>\n

Further information
\n\u2022 BAM PPP: Vicki Harris, +44 (0)141 779 8634;
\n\u2022 Royal BAM Group nv:
\npress: Arno Pronk, +31 (0)30 659 86 23;
\nanalysts: Joost van Galen, + 31 (0)30 659 87 07;
\n\u2022 PGGM: Corporate Communication: +31 (0)30 277 97 35.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bunnik, the Netherlands, 28 December 2015 \u2013 The National Development Finance Agency (NDFA), acting as agent for the Courts Service, and BAM PPP PGGM Infrastructure Co\u00f6peratie U.A have reached financial … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":1960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99],"class_list":["post-1959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-news","sectors-justice","countries-ireland"],"acf":[],"yoast_head":"\nBAM-PGGM reaches financial close on the Courts Bundle PPP Project, Ireland | Invesis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invesis.com\/bam-pggm-reaches-financial-close-on-the-courts-bundle-ppp-project-ireland\/\" 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