Amber Infrastructure-backed INPP to acquire five New Zealand infrastructure assets from Morrison for $128m.

Amber Infrastructure-backed International Public Partnerships, a specialist infrastructure investment company, agreed to acquire five New Zealand infrastructure assets from Morrison, a specialist alternative asset manager focusing primarily on infrastructure, private equity and property investment with offices, for $128m. The five assets are all located in New Zealand and include three schools projects, the Auckland Prison and a purpose-built student accommodation facility. "We have entered the New Zealand market with a portfolio of high-quality assets primarily within the education sector. The five new investments further enhance INPP's growing Australasian presence, which will represent approximately 11% by investment fair value, of our international portfolio and provides us with a strong platform for growth. New Zealand is a mature infrastructure market, complementing our proven track record over the past decade in Australia," Mike Gerrard, INPP Chairman.