Invesis has completed its acquisition of an interest in Waikeria Men’s Prison in New Zealand. This acquisition strengthens the portfolio of landmark assets across Australia and New Zealand, including projects such as Cross River Rail in Brisbane, the New Melton Hospital, Ground Lease Model 2 Housing, and a portfolio of Housing Australia Future Fund (HAFFF) initiatives.

As part of the transaction, Invesis and co-investor Capella Capital will each acquire 30% equity in Cornerstone Infrastructure Partners (CIP) from Morrison-managed Public Infrastructure Partners funds, which currently owns 60% in Waikeria Prison. The remaining 40% equity continues to be managed by Pacific Partnerships.

Opened in June 2025, the new Waikeria Prison consists of 28 buildings across 21 hectares and 596 high security beds, including 96 dedicated beds to support the Mental Health and Addictions Service, the first of its kind in New Zealand. Preparations are also underway to expand the facility with an additional 810 beds targeted for completion in 2029.