AMP Capital Investors completed the acquisition of a 30% stake in Auckland South Corrections Facility from John Laing Group.

Private equity firm AMP Capital Investors completed the acquisition of a 30% stake in Auckland South Corrections Facility, a 960-bed facility is focused on rehabilitation and training to support prisoners’ reintegration into the community, from John Laing Group, a British investor, developer and operator of privately financed, public sector infrastructure projects. Financial terms were not disclosed. "This is an exciting new addition to the CIF portfolio. CIF aims to provide retail investors with consistent and sustainable returns including an attractive income yield over the long term, and this acquisition is well-aligned to this objective especially amid the current market volatility," John Julian, AMP Capital CIF Fund Manager.