Infratil teams up with Aussie fund for 30-year student accommodation contract

Tue, 02 Aug 2016

By Tina Morrison Aug. 3 (BusinessDesk) - Infratil and Commonwealth Superannuation Corp have paid A$82.5 million for the 30-year contract to manage nine on-campus purpose-built student accommodation (PBSA) residences for Australian National University in the Australian capital Canberra. The long-term concession, which covers about 3,760 beds, includes responsibility for the provision of "hard" facilities management services such as building maintenance and lifecycle replacement, which the 50/50 joint venture investors have subcontracted to...

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