News

Operis works with Hochtief on Cork School of Music.

Operis provided due diligence advice to funders Barclays, Barclays Private Equity and Hochtief PPP Solutions on the Cork School of Music PPP project, which closed on 4 September 2005.  This project was originally bid by Jarvis and was acquired at preferred contractor stage by Hochtief following the successful outcome of a review by the concessionaire, the Department of Education and Science in Dublin. Capex for the project is €68.3 million.  David Wylde Project Finance financially advised the consortium.

Construction work to be carried out by John Sisk & Son has already begun and the new school is due to open in mid-2007.

8 September, 2005