The Wellington-based infrastructure investor Infratil Ltd (NZX: IFT) will undertake a strategic review of its investment in the student accommodation concession granted by the Australian National University (ANU) based in Canberra.
Infratil said the ANU portfolio is the standout portfolio in the on-campus Purpose Built Student Accommodation (PBSA) sector in Australia, in terms of both scale and quality.
At the time of its investment, Infratil expected that the PBSA sector would provide a broader platform opportunity for Infratil, with ANU as its cornerstone investment, but those investment opportunities have not yet eventuated.
Accordingly, Infratil will engage with market participants over the coming months to consider proposals for its investment, which may include sale or other options.
The strategic review will assess all options to maximising value. It is expected that this process will be concluded within six months.