IPPL makes first foray into Denmark with portfolio buy

International Public Partnerships Limited has made its first investment in Denmark, buying a majority interest in a portfolio of four public-private partnership (PPP) projects for £14m.

The projects, which provide key infrastructure and are geographically spread across Denmark, include a specialist land registry court archive building, a hospital car parking facility, and two schools.

IPP said following financial close of the acquisition and draw down, the company would be approximately £160m against its £250m corporate debt facility.