PATRIZIA has acquired a 100% interest in Australian Embedded Network provider, Active Utilities, on behalf of superannuation fund Prime Super
PATRIZIA, a leading partner for global real assets, has acquired a 100% interest in Australian Embedded Network provider, Active Utilities, on behalf of superannuation fund Prime Super. Managed by PATRIZIA Infrastructure, the investment creates Australia’s largest independent Embedded Network platform, bringing together the ownership of Active Utilities and Savant Energy.
Active Utilities is a vertically integrated provider of Embedded Network solutions to multi-tenant buildings across the residential, commercial and retail sectors in five Australian states. The company procures and supplies electricity, gas and water, as well as provides end-to-end billing and customer support services. It currently operates a national portfolio of 75,000 utility meters spread over 800 high-density assets, with the majority of buildings located in the populous states of Victoria, Queensland and New South Wales.
The company has a strong contracted growth pipeline after successfully signing partnerships with a number of Australia’s leading property developers, which will significantly expand its portfolio over the next five years. It is also exploring the development and rollout of additional services including solar PV, EV charging and battery storage as part of Australia’s accelerated transition to renewable energy.
You can now read the full press release at the link below