Auckland South Corrections Facility
- year 2019
- location New Zealand
- sector PPP, Infrastructure
- role Financial advisor
- value Undisclosed
Auckland South Corrections Facility was set up as a public private partnership with New Zealand’s Department of Corrections and operates under a 25-year concession due to expire in 2040.
Planum was financial advisor to AMP Capital who has acquired a 40 per cent equity stake in the Auckland South Corrections Facility in New Zealand from InfraRed Capital Partners. The acquisition is subject to regulatory approval.
AMP Capital will make the investment via its Community Infrastructure Fund (CommIF). It joins AMP Capital’s wider portfolio, which already includes $5.5 billion worth of up and running PPP assets in Australia and New Zealand.