AMP Capital to support Melbourne Uni student accommodation

AMP-Capital/ADIT/

27 November 2018
| By Anastasia Santoreneos |
image
image
expand image

AMP Capital, through its AMP Capital Diversified Infrastructure Trust, has entered a 40-year student residencies contract with the University of Melbourne.

Two facilities would be refurbished and constructed at the University’s Parkville campus, and the Trust would be the preferred funding partner for any additional student residence projects.

The concessions include the responsibility for facilities management services like building maintenance, which was previously outsourced to Spotless, but the University retains operational responsibility.

Portfolio manager of the Trust, Brad Williams, said tertiary education was Australia’s third-largest export sector, benefitting from significant increases in international enrolments with annual growth of 11 per cent.

“The concession agreement will support the University of Melbourne’s growth as a globally-esteemed education provider while delivering long-term inflation-linked cashflows for our investors,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND