LONDON (ShareCast) - (Sharecast News) - Infrastructure investment company International Public Partnerships has committed to invest AUD $17.0m (£9.19m) in the Flinders University Health and Medical Research Building in South Australia.
International PPL, which was awarded the project via a subsidiary and as part of a consortium that includes Amber Infrastructure and Tetris Capital, will enter into a 25-year lease arrangement with the University, with the facility reverting to the University at the expiry of the lease term.

The FTSE 250-listed firm highlighted that Tetris Capital led the successful bid and will provide ongoing management services to the project. Flinders University has appointed Hansen Yuncken to carry out the build, while National Australia Bank will provide 100% of the debt required to fund the project.

The Health and Medical Research Building will be the flagship development of the Flinders Village project, an integrated health and education precinct development on Flinders University's Bedford Park campus. With a total project cost of approximately AUD $255.0m (£137.85m), the building will co-locate research, clinical and technological platforms to further the University's longstanding contributions to the health, education and medical sectors.

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