Amber Infrastructure Group has reached a financial close on investment in Flinders University’s Health and Medical Research Building (HMRB) in South Australia.

With a total project value of AUD255 million (US$182.68 million), the research building is the first development of the Flinders Village project, an integrated health and education precinct at Bedford Park campus of Flinders University. The HMRB will co-locate research, clinical and technological platforms with the aim to contribute to the health, education and medical sectors of the university.

The HMRB investment was made by the Amber-advised International Public Partnerships Limited (INPP) and as part of a consortium with Tetris Capital. Under the agreement, INPP and Flinders University enter into a 25-year lease arrangement, and Tetris Capital will provide ongoing management services to the project entity.