AMP Capital acquires Riverland Water
AMP Capital has acquired the remaining 50 per cent equity stake in Riverland Water Holdings from TRILITY for its Community Infrastructure (CommIF) Fund, increasing the fund’s interest in the water treatment plant to 100 per cent.
AMP Capital is one of the founding investors in Riverland Water, which delivers drinking water to around 150,000 people across South Australia.
The Community Infrastructure Fund manager, Charles Savage, said the investment was a quality asset that supported the fund’s objective to provide long-term stable returns while generating benefits for society.
“This the second transaction for CommIF in 2018, following the acquisition of a 21 per cent stake in the Victorian Comprehensive Cancer Centre in January. We remain focused on expanding our presence in the social infrastructure market in Australia and New Zealand during 2018,” he said.
TRILITY would continue their role as day-to-day operator despite the sale of their 50 per cent stake.
AUTHOR
Anastasia Santoreneos
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
