Innisfree’s 4 defence projects represent 20% of the portfolio with a combined capital value of £2.9 billion. Allenby and Connaught, the largest of these projects, is an accommodation project which will provide modern housing and services for almost 30% of the British Army. The projects listed below are owned across a number of Innisfree managed funds.
| Defence accommodation |
Operating? | Financial close | Construction completion |
Project capex £m | Innisfree Funds % of equity | Construction and Facilities Management Partners |
|---|---|---|---|---|---|---|
| Allenby & Connaught UK |
Yes | April 2006 |
September 2014 |
1,826 | 38 | Carillion KBR Sodexo Veolia |
| MOD Main Building UK |
Yes | May 2000 |
July 2004 |
531 | 74 | Skanska Amey ESS/Compass SRW |
| NAP Cheltenham UK |
Yes | June 2000 |
June 2003 |
452 | 50 | Carillion G4S |
| Devonport UK |
Yes | July 2004 |
March 2008 |
87 | 50 | Tilbury Douglas Mitie |
