September 03, 2019
Early payout for iwi
Iwi who invested in a fund for public private partnerships here and across the Tasman could get an early payday.
Business Desk says the managers of Morrison & Co's Public Infrastructure Partners Fund are looking to take advantage of current market funding by trying to find a buyer now rather than wait for its initial term to expire in 2027.
About 750 investors including Craigs Investment Partners, private individuals, community groups, and Māori and charitable trusts invested in the fund back in 2010.
Its portfolio includes a 49.9 percent stake of the Melbourne Convention and Exhibition Centre, two New Zealand education PPPs, a hospital in Victoria, a half-stake in student accommodation in New South Wales, and the prison PPP in Auckland's Albany.
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