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Press Release

Interserve-Kajima JV reach financial close on SNBTS project

by Interserve Press Office | Oct 08, 2014

Interserve-Kajima JV named preferred bidder to design, finance and maintain SNBTS National Centre in EdinburghInternational support services and construction group Interserve and its joint venture partner Kajima Partnerships, have achieved financial close on the project to build a new £33 million National Centre of Excellence for the Scottish National Blood Transfusion Service (SNBTS) near Edinburgh.

The project comprises the building of facilities for the processing and testing of blood, tissues and cells as well as quality and regulatory functions, research and development, offices and garaging on the Heriot-Watt Research Park. The development is being funded using the Scottish Government’s Non-Profit Distributing (NPD) model, which is managed by the Scottish Futures Trust (SFT) on behalf of the Scottish Government.

Equity Partners Interserve and Kajima Partnerships provided £3.4 million in equity for the project, while Norddeutsche Landesbank provided a £36.3 million senior term loan.

Interserve, which will also undertake construction on the project, will start work on site at Heriot-Watt Research Park later this month, with completion expected by November 2016. Interserve’s facilities management division will maintain the new facility for a 25 year period.

The Interserve-Kajima JV was named preferred bidder on the SNBTS project in March. Read more...

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