Griesbach - 281

Alberta Schools Alternative Procurement II

  • Completion Date

  • Square Footage

    759,900sqft

  • Status

    Operational

  • Value

    $253,000,000

About the Alberta Schools Alternative Procurement II

The Alberta Schools Alternative Procurement II public-private partnership project required the design, build, finance, and maintenance of a total of ten schools in four communities across Alberta. The schools comprise approximately 759,900 square feet of building space with capacity for up to 8,000 students. 

The project utilizes a public-private partnership model with the Government of Alberta and has a contract value of $253.0 million. The schools have been in operation since 2012, and the 30-year project concession period that concludes in 2042. 

Concert Infrastructure’s Involvement

In November 2013, Concert Infrastructure acquired the 100% equity interest in B2L Partnership—the project company responsible for the delivery and management of the project.

About Concert Infrastructure

Concert Infrastructure is an independent, long-term investor, developer, and manager of public infrastructure projects across Canada, and has been successful in forming strong strategic partnerships and securing solid investment opportunities for our pension plan investors.

Concert Infrastructure approaches each project with the intention of remaining a partner for the duration of the concession period, valuing long-term, stable returns for our ten Canadian union and management pension fund unitholders.

Concert Infrastructure invests Canadian dollars in Canadian projects that span today five provinces and territories. Over 80% of our facilities meet the LEED Gold or Silver sustainable building standard.

Concert Infrastructure is part of the broader Concert group of companies, that include Concert Real Estate Corporation and Concert Properties - a Canadian real estate company with over 30 years of industry leading investment, development, and management experience.

 

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