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Completion of Collimate Capital sales on track
Our business
30 June 2022

Following commentary in the market, AMP Limited today provided an update on the sale of the Collimate Capital domestic infrastructure equity and real estate business to Dexus Funds Management Ltd (Dexus) and the sale of the international infrastructure equity business to DigitalBridge Group, Inc. (DigitalBridge).

As required by the sale agreements, AMP continues to work closely with Dexus and DigitalBridge to ensure the smooth transition of the businesses, including the transfer of applicable legal entities, business assets, systems and employees, which will provide stability for clients, employees and partners.

Based on substantial progress to date, both transactions remain on track to complete during 2H 2022:

  • For the sale to Dexus, completion is currently anticipated for the end of September 2022; and
  • For the sale to DigitalBridge, completion is currently anticipated by the end of November 2022.

Both transactions are continuing to progress towards meeting the relevant conditions precedent outlined in the respective sale announcements of 27 April 2022 and 28 April 2022.

The outcome of the forthcoming unitholder vote on management of the AMP Capital Wholesale Office Fund (AWOF) will not impact the expected completion of the sale to Dexus. AMP believes it and Dexus have put forward a compelling proposal for clients, and that the combined platform of AMP Capital and Dexus represents the best outcome for AWOF and its unitholders, bringing the combined experience of both groups together to deliver a superior outcome for investors. 

Authorised for release by the Market Disclosure Committee.

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Brett Zarb (Media enquiries only)
+61 417 256 563
Contact details
Mark Roberts (Media enquiries only)
+61 (0) 466 328 581