UK: Porterbrook has purchased the freehold of the Long Marston Rail Innovation Centre from St Modwen.
‘This deal provides absolute clarity for our business, our shareholders and the wider rail industry over the long-term future of Long Marston Rail Innovation Centre’ said Poterbrook CEO Mary Grant on March 6.
The rolling stock leasing and asset management company has operated the site since June 2021, and has invested over £13m to enhance the facilities.
UK: Leasing company Porterbrook has closed a £250m private placement which includes existing and new investors, extending its debt maturity profile at ‘attractive’ pricing and further diversifying its investor base of US, UK and Swiss institutions. ‘Today’s successful closing supports our ability to invest in the ...
UK: Porterbrook has announced plans to renew the 3·5 km test track at its Long Marston Rail Innovation Centre and install 25 kV 50 Hz electrification. Testing will be possible at speeds of up to 75 km/h, with the capability to support ETCS. ‘Substantial replacement of ...
UK: Rail leasing and asset management company Porterbrook is to finance a £66m upgrade of Bletchley depot as the principal maintenance base for West Midlands Trains’ Alstom Class 730 Aventra EMU fleet. This will include investment in overhead electrification equipment, 10-car and five car sidings, refurbishment ...
