HICL selling 100% stake in Queen Alexandra Hospital

HICL said it was selling its 100% interest in the Queen Alexandra Hospital project to InfraRed European Infrastructure Income Fund 4.

HICL said it was selling its 100% interest in the Queen Alexandra Hospital project to InfraRed European Infrastructure Income Fund 4.Proceeds to HICL will be £108m, with profits from the sale representing a 1.5p a share increase on net asset value to HICL's valuation at September 30, 2021.

HICL invested in QAH in 2010 after the collapse of builder/manager Carillion.