AMP Capital acquisition of Royal North Shore Hospital PPP

Overview:

• AMP Capital acquired 100% of the Royal North Shore Hospital public private partnership (PPP) contract from Royal Bank of Scotland (RBS).
• The PPP contract covers the redevelopment of the hospital through the upgrade of buildings and the addition of new technology. 
• Through the acquisition Global investment manager AMP secured responsibility for the hospital until October 2036. 
• AMP negotiated a A$1.055bn syndicated facility from banks to fund the acquisition and refinance the project entities' external debt. 

Ben Naylor - Regional editor