The Davis LLP Projects, Infrastructure and PPP Team acted for John Laing plc in the acquisition of Macquarie Group's interest in the Vancouver General and Abbotsford hospital P3 projects.
Under the agreement, John Laing Infrastructure will buy Access Health Abbotsford, the company selected to design, build, finance and maintain the new $355 million Abbotsford Regional Hospital and Cancer Centre, and Access Health Vancouver the company selected to design, build, finance and maintain the $95 million Gordon and Leslie Diamond Health Care Centre at Vancouver General Hospital.
John Laing plc, is a leading project developer and investor in PPPs in the U.K. and around the world. This is a significant transaction for John Laing in two important respects, the first being that this is one of the largest secondary market transactions the group has done and the other being that it provides a firm foundation to develop its business in Canada.
These two investments are John Laing’s first in the Canadian market. John Laing was advised by a team of Davis LLP lawyers led by Ian Bendell and Don Bell from the Toronto office and including Celia Johnson, Kate Bake-Paterson, Justin Mooney, Kevin Wright, Jeff Horswill and Tobor Emakpor from the Toronto and Vancouver offices.