Chelmsford mall-to-resi plan scrapped as Dominus SPV is liquidated

Special purpose vehicle carrying out Meadows Shopping Centre redevelopment is liquidated after struggling with build-cost inflation and rising borrowing costs. The post Chelmsford mall-to-resi plan scrapped as Dominus SPV is liquidated appeared first on Property Week.

Seventh DeTrafford development in 10 months falls into administration

DeTrafford No1 Castlefield has fallen into administration, making it the seventh special purpose vehicle (SPV) owned by the parent company to do so in the past 10 months.

Amey to pay final £35M for exiting troubled Birmingham roads job once takeover completes

The special purpose vehicle (SPV) set up to manage Birmingham’s roads maintenance contract will receive a final £35M payment from Amey once the takeover of the company is completed. The post Amey to pay final £35M for exiting troubled Birmingham roads job once takeover completes appeared first on New Civil Engineer.

How to avoid PFI contract expiry risks - Published by BCLP, Author Jennifer Varley

Private finance initiative (PFI) projects tend to be long-term, usually lasting for a period of 25 years or more. There is an active secondary market for equity interests in PFI projects: original project developers exit and new longer term investors hold projects to maturity. Notwithstanding this longer-term investment horizon, as time goes on, it is only natural that parties tend to focus more on day-to-day operations and portfolio management and less around the ultimate backstop of expiry.