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Ecovert FM to provide services to North Middlesex University Hospital

Ecovert FM, Bouygues UK and HSBC Infrastructure Fund Management Limited (Bouygues Consortium) are delighted to announce that financial close has been reached on the North Middlesex University Hospital NHS Trust’s Private Finance Initiative (PFI) scheme.

The contract will provide a 32,000m² new build Emergency Care Centre, Critical & Acute Care Centre, DTC and additional Clinical Support Services. Ecovert FM will provide building engineering services and fabric maintenance, project management services, helpdesk services, infrastructure maintenance and lifecycle fund management to the new and retained estate over a 31.5 year period.

The new building, which will be completed and fully operational by 2010, has a construction cost of £111 million. Landscaping, road improvements and other work outside the building will be completed in 2011.

Artist impression images are available from joanne.matcham@ecovertfm.co.uk or by calling 0207 803 3707.

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About Ecovert FM www.ecovertfm.co.uk

Ecovert FM provides a range of Facilities Management services - from building maintenance, project work and management to Soft FM services including catering, cleaning and security - through direct service delivery from a team of 1,500 staff. Ecovert FM works in critical environments in the public sector: education, health, courts and central government, counting among its key clients the Home Office and Cabinet Office. Ecovert FM has formed a successful partnership for PPP/PFI projects with sister construction company, Bouygues UK. Within the private sector, Ecovert FM operates in demanding industries including property, pharmaceuticals and banking. Internationally, Ecovert FM is present in Cyprus and the Middle East.
Ecovert FM, headquartered in London SE1, is a subsidiary of Bouygues www.bouygues.com/us/, a world leader in construction, services, telecoms and media.

About Bouygues UK
Bouygues UK is a benchmark contractor active in a variety of market sectors, with a particular focus on education, healthcare and housing. With a growing track record in PFI, PPP and framework contracts, Bouygues UK offers its clients a fully integrated design, build & facilities management services.

Major recent references include: Central Middlesex Hospital (BECaD), the new Home Office headquarters, New Palace Place (144 flats and retail), Jo Richardson Community School (Barking), and Voyager School in Peterborough.
 
Construction works currently under way include five schools in Lewisham, three schools in Waltham Forest and North Middlesex Hospital. Bouygues UK is also  preferred bidder for the Westminster BSF scheme (the £152 million scheme to rebuild and/or refurbish nine schools), and the Brent HRA housing and social care PFI.

About HSBC Infrastructure Fund Management Limited
HSBC Infrastructure Fund Management Limited (HIFML) is authorised and regulated by the Financial Services Authority. HIFML is acting in its capacity as general partner for and on behalf of each of the limited partnerships constituting HSBC Infrastructure Fund II. HIFML’s parent company, HSBC Specialist Investments Limited (HSIL) is a wholly owned subsidiary of HSBC Holdings plc and is the dedicated property and infrastructure investment arm of HSBC. HSIL and its subsidiaries design and manage specialist investment funds which invest capital provided by a wide range of investors, including pension funds, insurance companies, fund of funds, asset managers and high net worth individuals in the UK and globally. It focuses on market segments with attractive risk/reward profiles and currently manages in excess of £7 billion of specialist assets in infrastructure, commercial and residential property via eight institutional funds.

HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.