| Asset Type | Social infrastructure |
| Status | Operational |
| Project Description | Project involves the design, construction, financing and operation of a 68,500 m2 state-of-the-art clinical research centre facility focused on innovation, non-invasive human exploration and knowledge transfer for health care services and teaching. |
| Asset Revenues | 100% availability-based (no exposure to volume / market risk) |
| Counterparty | CHUM Hospital (payments supported by the province of Québec) |
| Concession Expiry | 2043 |
| Asset Website | For more information, visit: http://crchum.chumontreal.qc.ca/en |
| Asset Type | Social Infrastructure (graduate student housing) |
| Status | Under construction (commercial operations in 2023) |
| Asset Description | Swiftsure Housing Partners is a partnership between Axium and Balfour Beatty to construct a graduate student housing facility located at Vanderbilt University in Nashville, Tennessee. The facility will be the only on-campus graduate student housing facility at Vanderbilt University and consists of 529 apartments with a total of 616 beds. The facility will be operated pursuant to a ground lease and cooperation agreement with Vanderbilt University under a 65-year term. Rental rates are set collaboratively with the University on an annual basis and are subject to a cap that ensures rental rates will stay at a specified discount to market rates in the Nashville area. Balfour Beatty Campus Solutions has been retained as property manager and is responsible for maintenance of the property as well as unit leasing and rent collection, for which the University also provides support. |
| Asset Revenues | Rental revenue is collected from students every month. Revenues earned above a 95% occupancy rate are split 75% to Swiftsure Housing Partners and 25% to Vanderbilt University long-term. |
| Counterparty | Balfour Beatty Campus Solutions (property manager)Vanderbilt University (S&P: AA+ / Moody’s: Aa1 / Fitch AAA) |
| Contract Expiry | Ground lease with the Vanderbilt University expires in 2086 |
| Project Type | Social Infrastructure (Greenfield PPP) |
| Status | Operational (substantial completion reached on February 19, 2019) |
| Project Description | The project involves the design, construction, financing and maintenance of a ~250,000sq.ft. patient care wing that will be attached to the existing Etobicoke General Hospital. It will accommodate acute clinical services and administrative functions for the broader Etobicoke General Hospital. |
| Project Revenues | 100% availability-based (no exposure to volume / market risk) |
| Counterparty | The William Osler Health System. |
| Concession Expiry | 2048 (30 years following substantial completion) |
| Asset Type | Transportation infrastructure |
| Status | Operational (construction completed in June 2010) |
| Asset Description | Capacity and safety improvements to the 100km of roadway between West Vancouver and Whistler, as well as the design, construction, financing, operations, maintenance and rehabilitation of the two to four-lane roadway. |
| Asset Revenue | Availability, usage, and safety payments |
| Counterparty | Province of British Columbia |
| Concession Expiry | 2030 (concession term: 25 years) |
| Asset Website | For more information visit: https://www.tranbc.ca/2011/12/21/the-sea-to-sky-highway-award-winning-safety/ |
