Projects

Hereford and Worcester Courts

Social

Judicial

The Hereford and Worcester Courts project covered the design, construction and financing and subsequent operation of three new-build courthouses at Hereford, Worcester, and Kidderminster, and 1 refurbished courthouse in Redditch.

Sector

Social

Judicial

Location

Hereford, UK

Status

Operational

Equity ownership

100%

Financial close

February 2000

Term length

25 years

About

The Hereford and Worcester Courts project is made up of four court houses. Three are new-build and one is a refurbishment of an existing site. Construction was completed in February 2003 by HBG Kyle Stewart.

No. of Court Rooms

Hereford Magistrates Court & Justice Centre opened in 2001, containing three floors and four court rooms.

Worcester Magistrates Court opened in 2022, containing three floors and seven court rooms.

Size

> 0,000 sq m

Kidderminster Magistrates' Courts opened in 2001, containing two floors and four courts as well as a separated admin block.

Redditch Magistrates Court was refurbished and opened in 2003, containing two floors and four court rooms.

Why we invest in PPPs

PPPs provide much needed critical infrastructure often replacing older public sector properties with new state of the art facilities operated by experienced facilities management contractors. The investments provide stable long-term, index-linked cash flows backed by high quality public sector counterparties.

Stable income from high quality counterparties: The investment companies receive availability-based revenues from public sector counterparties
International delivery model: INPP has invested in PPP assets in Australia, Canada, New Zealand, Europe and the UK
Long-term, predictable cash flows: PPP concessions will typically last for between 25 and 35 years
Risk transfer: Construction and operational risks are transferred to investment company’s supply chain partners
Inflation-protected revenues: Revenues are generally inflation-linked and indexed to local inflation measures, such as the UK’s Retail Price Index (‘RPI’)
Critical infrastructure: INPP’s PPP investments deliver much needed critical infrastructure to the public sector, supporting local societies and communities across our key geographies

Sustainable Development Goals (SDGs)

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

SDGs supported:

SDG contribution

Outcomes

International presence: INPP has judicial sector investments in Canada, New Zealand, Europe and the UK
Courthouse infrastructure: More than 90 courts have been delivered by the schemes INPP has invested
Focus on new build infrastructure: Over 70% of the Courthouses INPP has invested in are new build
Access to justice: INPP’s judicial assets help promote peaceful and inclusive societies for sustainable development by supporting the build of accountable institutions that provide access to justice for all (SDG 16)

Hereford and Worcester Courts

About

Why we invest in PPPs

Sustainable Development Goals (SDGs)

Outcomes

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