December.14.2017
Corelink Rail Infrastructure, a new rolling stock lessor platform owned by Infracapital and Deutsche Asset Management, has purchased £700 million of rolling stock to fund its operation of the UK’s new West Midlands Trains franchise.
The investment is part of £1 billion of capital the new operators have committed to spend on improvements to the franchise. The £700 million will be used to purchase 100 new trains, creating space for 85,000 additional passengers to travel to London and Birmingham, as well as on station improvements.
An Orrick London team led by partner Jinal Shah advised Infracapital, a leading European infrastructure investor, on the terms of its joint venture with Deutsche Asset Management through which Corelink Rail Infrastructure was established. The team also included associate Alice Edwards and trainee Shaun Malone.