Exchequer Partnership (No. 2) PLC

Exchequer Partnership (No. 2) PLC (EP2 or the project) used the proceeds of its senior debt issuance in 2003 to finance the refurbishment of the east wing of the Grade II-listed U.K. government office building on Great George Street in the Whitehall area of London. EP2 operates under a 35-year availability-based concession with the U.K. government that expires in August 2037. The office space is primarily occupied by employees of HM Revenue and Customs; the Department for Digital, Culture, Media, and Sport; and the Cabinet Office. The four-story building houses approximately 2,050 workstations. Lendlease (formerly Bovis Lend Lease) carried out the refurbishment from 2002 to November 2004. Since then, EP2 has provided a full suite of soft and hard facility

...Exchequer Partnership (No. 2) PLC (EP2 or the project) used the proceeds of its senior debt issuance in 2003 to finance the refurbishment of the east wing of the Grade II-listed U.K. government office building on Great George Street in the Whitehall area of London. EP2 operates under a 35-year availability-based concession with the U.K. government that expires in August 2037. The office space is primarily occupied by employees of HM Revenue and Customs; the Department for Digital, Culture, Media, and Sport; and the Cabinet Office. The four-story building houses approximately 2,050 workstations. Lendlease (formerly Bovis Lend Lease) carried out the refurbishment from 2002 to November 2004. Since then, EP2 has provided a full suite of soft and hard facility management (FM) services, which it subcontracts to Bellrock Property and Facilities Management and Equans Buildings Ltd., respectively....

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