PSP Investments-backed group wins Australia land registry bid: Reuters
A consortium including Macquarie Group's infrastructure unit and a Canadian pension fund will pay A$1.605 billion (US$1.27 billion) to run the state of South Australia's land registry and management services, Reuters reported. Land Services SA, a joint venture between Macquarie Infrastructure & Real Assets (MIRA) and the Public Sector Pension Investment Board (PSP Investments) will manage the service for the next 40 years. It will take responsibility for land registry and property valuation services in the state, and will also have exclusive rights to commercialize related data. As part of the deal, Land Services will establish an innovation hub in Adelaide, invest in information technology, communications equipment and software, and work with local digital startups.
