International Public Partnerships New Investment in Australian University Project (3552V)
13 Diciembre 2021 - 01:00AM
UK Regulatory
TIDMINPP
RNS Number : 3552V
International Public Partnerships
13 December 2021
New investment in South Australian University project
International Public Partnerships Limited ('INPP' or 'the
Company'), the listed infrastructure investment company, is pleased
to announce that it has reached financial close on the Flinders
University Health and Medical Research Building ('HMRB', the
'Project') in South Australia. The Company was awarded the Project
as part of a consortium which included Amber Infrastructure and
Tetris Capital.
The HMRB is the flagship development of the Flinders Village
project, an integrated health and education precinct development on
Flinders University's Bedford Park campus. With a total project
cost of approximately AUD255 million, the HMRB will co-locate
research, clinical and technological platforms to further the
University's longstanding contributions to the health, education
and medical sectors. With over 26,000 students, Flinders University
is a public institution and the third largest university in South
Australia.
The Project is being developed in accordance with the
University's sustainability guidelines and is targeting a minimum
of 'gold' ratings for WELLv2 and LEED v4 certification and a 5 star
rating for Green Star certification. By fully integrating health
and sustainability into the design of HMRB, the Project will
support several of the Company's Sustainability Policy Aims.
INPP has committed to invest AUD17 million for 100% of the
equity required for the Project via its subsidiary (HMRB 1 Pty Ltd
as trustee for the HMRB Project Trust) which will enter into a
25-year lease arrangement (with a fixed indexing rental) with the
University with the facility reverting to the University at the
expiry of the lease term. Tetris Capital led the successful bid and
will provide ongoing management services to the Project while
Flinders University have appointed Hansen Yuncken to carry out the
Project build. National Australia Bank will provide 100% of the
debt required to fund the Project.
The Company's investment commitment will be secured against its
corporate debt facility until March 2025.
ENDS.
For further information:
Erica Sibree/Amy Edwards +44 (0)20 7939 0558/0587
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
About International Public Partnerships (INPP):
INPP is a listed infrastructure investment company that invests
in global public infrastructure projects and businesses, which
meets societal and environmental needs, both now, and into the
future.
INPP is a responsible, long-term investor in over 130
infrastructure projects and businesses. The portfolio consists of
utility and transmission, transport, education, health, justice and
digital infrastructure projects and businesses, in the UK, Europe,
Australia and North America. INPP seeks to provide its shareholders
with both a long-term yield and capital growth.
Amber Infrastructure Group ('Amber') is the Investment Adviser
to INPP and consists of over 150 staff who are responsible for the
management of, advice on and origination of infrastructure
investments.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFESFTLFLIL
(END) Dow Jones Newswires
December 13, 2021 02:00 ET (07:00 GMT)
International Public Par... (LSE:INPP)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
International Public Par... (LSE:INPP)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024