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About AMP Capital
AMP Capital is a specialist global investment manager with US$146.8 billion in funds under management as of 31 December 2017 and more than 250 investment professionals. AMP Capital has a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-asset solutions. Its majority shareholder is AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance with Mitsubishi UFJ Trust and Banking Corporation, which is also a shareholder.
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