Clarence Correctional Facility
Year
2024
Location
NSW
Sector
Infrastructure
Role
Financial Advisor and Debt Arranger
Value
Undisclosed
Clarence Correctional Centre PPP is a major regional correctional facility located in Lavadia, NSW. The PPP was established in 2017 and reached Commercial Acceptance in June 2020, commencing a 20-year concession term. The maximum-security facility supports 1,700 beds and is operated by Serco.
Planum was financial advisor to abrdn on its successful acquisition. This included arranging and closing a holdco financing.