Infratil sells 50% stake in ANU student accommodation

Sun, 31 Mar 2019

By Rebecca Howard April 1 (BusinessDesk) - Infratil announced the conditional sale of its 50 percent stake in a Canberra student accommodation 30-year concession to AMP Capital for A$162 million. Infratil, which is managed by Morrison & Co, acquired the stake from the Australian National University in 2016 for almost A$85 million. In November it announced a strategic review of the investment, saying it had expected it to become a cornerstone element in a larger portfolio but that didn't happen. The other 50 percent is owned by Australia'...

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