HICL Infrastructure to acquire Royal Canadian Mounted Police HQ

17th Jul 2015 08:46

(ShareCast News) - HICL Infrastructure has made its third acquisition in Canada, picking up a police station in a C$53m deal.The Royal Canadian Mounted Police HQ was to be purchased from the InfraRed Infrastructure Fund, subject to shareholder approval.In an announcement HICL said the total construction cost for the project was about C$234m and was being managed by Bouygues Energies & Services.HICL chairman Graham Picken said the board recommended shareholders vote favour of the acquisition."This acquisition fits within the company's investment strategy and helps diversify the current portfolio further by geography," Picken said.

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