AMP Capital’s Community Infrastructure Fund acquires Riverland Water

By AMP Capital media team

Not for release or distribution in the US

AMP Capital has acquired the remaining 50 per cent equity stake in Riverland Water Holdings Pty Ltd (Riverland Water) from TRILITY, on behalf of investors in its Community Infrastructure Fund (CommIF). The deal increases CommIF’s interest in Riverland Water to 100 per cent.

Riverland Water, located in South Australia, consists of ten water treatment plants that use sedimentation and filtration technology. The plants deliver drinking water to approximately 150,000 people across more than 90 communities, including supply to the Adelaide Hills, Barossa Valley, Mid North and River Murray towns.

AMP Capital is one of the founding investors in Riverland Water, which began its operations in 1999 under a Build-Own-Operate-Transfer model in partnership with the South Australian Water Corporation.

AMP Capital CommIF Fund Manager Charles Savage said: “AMP Capital is a proud long-term investor and we are extremely pleased to own 100 per cent of the equity interest in Riverland Water. It’s a high-quality asset that supports CommIF’s objective to provide long-term stable returns while generating real benefits for society.”

“This is the second transaction for CommIF in 2018, following the acquisition of a 21 per cent stake in the Victorian Comprehensive Cancer Centre in January. We remain focused on expanding our presence in the social infrastructure market in Australia and New Zealand during 2018.”

Riverland Water outsources its day-to-day operation to TRILITY, who are continuing in their role as operator following the sale of their 50 per cent stake. TRILITY is a water utility service provider whose capabilities cover the full life cycle of water through water, wastewater treatment, reuse and desalination
and bio-solid projects across Australia and New Zealand.

CommIF invests in high-yield, brownfield, social infrastructure PPP assets in Australia and New Zealand in sectors such as education, health, justice, defence, community housing, recreational facilities and transport. The fund owns 13 assets with an enterprise value of more than A$8 billion (on a 100 per cent
ownership basis).

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Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

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