Amber Infrastructure Brings INPP to Australia’s Higher Education Sector | News
International Public Partnerships (INPP) is investing in a large university infrastructure project in Australia as part of a consortium led by Tetris Capital.
Amber Infrastructure Group, the investment adviser to the London-listed infrastructure fund, said it has completed financial close for the Flinders University Medical and Health Research Building (HMRB) investment in Australia -Southern.
The 10-story, 22,000 m² development is intended to expand the research capacity of Flinders University and the project has been valued at A $ 255 million.
INPP and Flinders University will enter into a 25-year index lease and the university will own the facility when it expires. Tetris Capital will provide ongoing project management services.
This is a first step in Australia’s higher education sector for Amber, who manages A $ 7 billion in Australian infrastructure assets in the public, healthcare, transport, energy and digital.
Investments include the Royal Children’s Hospital, the Gold Coast Light Rail, a portfolio of schools in New South Wales and Victoria, and a recently acquired majority stake in Australian data center platform Iseek.
Vaughan Wallace, Asia Pacific Manager at Amber, said: “This investment is a good example of Amber Australia leveraging our global platform and industry knowledge to act quickly when opportunities arise.
“We offer flexible financing structures tailored to meet the needs of all stakeholders on projects that add value to their operating environments.
“As the third largest university in South Australia, Flinders University has ambitious development plans for its cutting-edge medical and health research center.
“Amber Australia has responded quickly to meet the relatively short timeline of this funding project, allowing us to facilitate their growth and development strategy.
“With its excellent ESG credentials, HMRB met our strict funding criteria well, which ensures that critical infrastructure assets increase long-term value for our investors and the communities involved.
“We are therefore delighted to help fund this flagship project – our first leading public-private partnership (PPP) in the Australian university sector. “