Projects

Danish Public-Private Partnerships Projects

Other

The projects provide essential social infrastructure across Denmark. They include a specialist land registry court building in Hobro that incorporates the consolidation of Danish land registry functions into a single location in Jutland; a car parking facility with c. 550 parking spaces serving the regional hospital in Randers; a 1,000 pupil school in Rudkøbing (Langeland); and a 600 pupil school in Vildbjerg (Herning).

Sector

Other

Location

Various, Denmark

Status

Operational

Equity ownership

66.67%

financial close

December 2021

Term length

Varies for individual projects between 6 and 20 years

About

Each of the projects provide critical infrastructure related facilities for the local communities they serve. In the case of the court registry building in Hobro, the project has been a key contributor to the Danish Government’s long term aim of providing public sector employment opportunities in previously underserved parts of Denmark.

Both education facilities provide state of the art learning environments for young people starting from pre-school kindergarten through to 16 years. In addition to the base educational services, the schools buildings support the provision of wider social services to their local communities. For example, one of the schools includes a fully equipped dentistry clinic and the other uses its extensive sports facilities to host an annual international youth football competition.

The Amber team continues to work closely with project stakeholders to monitor ongoing project performance and to review opportunities for asset improvements including the adoption of energy efficiency initiatives and the adaption of school facilities to cater for changing educational curriculum requirements.

Key impacts and benefits

INPP equity invested

£ 0.0 m

Senior debt refinanced

£ 0.0 m

using a cross-border debt solution

Students served by the facilities

> 0,0

Why we invested

Rationale for investment include:

New Market – a first investment in Denmark that’s sets a platform for further investment in the region
Diversified Portfolio – PPP assets in multiple sectors that are geographically spread with high quality public sector counterparties each backed by the Danish State (AAA rated)
Essential infrastructure – each project provides critical infrastructure services to their respective communities
Long-term stable cashflows – contract lengths ranging between 7 and 20 years
Availability-type risk profile – 100% availability-based revenue mechanisms with no volume/utilisation risk
Track record of contract performance – a history of strong operational performance with positive relationships with key stakeholders
Accretive returns – yield and returns in line with INPP’s investment mandate

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

SDG contribution

Outcomes

The projects enabled the public sector to replace older, poorly managed buildings with new state of the art facilities operated by experienced facilities management contractors. In the case of the court, the government was able to centralise the facility at a single location as opposed to having multiple under utlised municipal facilities.

On each of the projects Amber’s hands-on asset management team oversee service delivery and acts as the interface with the public sector counterparty to achieve the following outcomes:

Facilities that are in excellent condition providing a suitable environment for the core public sector service objectives associated with the project
Over 1,600 students reached with many more in local communities regularly using the facilities for both health and social purposes
Stable indexing cashflows
Excellent asset performance across the portfolio
Active asset management identifying ongoing improvement opportunities (e.g. energy efficiency initiatives)

Danish Public-Private Partnerships Projects

About

Why we invested

Sustainable Development Goals (SDGs)

Outcomes

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