Operis acted as financial advisor to NIB Capital Bank N.V. and SMBC Europe Limited on the Leeds Schools project which reached financial close in April 2005.
The project has a capital value of approximately £100 million and is between Leeds Council and Investors in the Community Limited, a partnership comprising Mill Group and Carillion.
The project involves the construction of five schools in Leeds. The new schools are due to be opened in two phases, three in September 2006 and two in September 2007. This will be the fourth PFI-funded education project to be undertaken in Leeds. The combined secondary school project will benefit more than 5,800 young people and will provide state-of-the-art facilities for use by the wider school community.