Infratil advises that the Australian National University (ANU) has today awarded Infratil and Commonwealth Superannuation Corporation a 30 year concession for the net rental revenue from nine on-campus Purpose Built Student Accommodation (PBSA) residences, comprising approximately 3,760 beds. Infratil’s 50% equity investment will be made for a total cash equity consideration of approximately A$82.5 million. The transaction is expected to settle in August 2016
The ANU investment will be managed by investment management firm H.R.L Morrison & Co on behalf of Infratil and Commonwealth Superannuation Corporation.