Business roundup

Scottish council public private partnership debt repayments to the private sector will peak at the same time as they will be hit with unprecedented demand for services from old people and schoolchildren, the country’s public spending watchdog has warned. Annual repayments to the Scottish Government’s non-profit distribution (NPD) public-private partnership debt and its private finance initiative (PFI) predecessor is predicted to rise from £488M to £600M by 2024/25, the Accounts Commission said.  By this time, demographic pressures caused by an ageing population and more children will be rising.

AECOM’s investment platform, AECOM Capital, is looking to increase its activity in Europe and collaborate with developers on urban mixed use, commercial, leisure and residential development opportunities in London where it can take an equity stake. The business was established in 2013 to invest in public infrastructure and private real estate opportunities as a joint venture partner. Globally it has an open-ended fund with seed capital of £100M and typically considers joint venture projects where the AECOM equity requirement is between £6.5M and £20M million. In the US, AECOM Capital has a development pipeline of almost £2bn of projects totalling 650,000 square metres.