John Laing has completed the acquisition of a portfolio of three operational brownfield PPP assets in Australia and New Zealand from Morrison’s Public Infrastructure Partners (PIP).

1. Ara Tūhono – Pūhoi to Warkworth (NX2) –
   • A 38.3% stake in this major transport PPP project in New Zealand, which enhances safety and connectivity on an 18.5 km stretch north of Auckland.
   • Completion was reached on 23 December 2025.

2. Melbourne Convention and Exhibition Centre (MCEC) –
   • A 49.9% stake in this premier events and business tourism facility in Australia.
   • Completion of acquisition on 12 February 2026.

3. Melbourne Convention and Exhibition Centre Expansion (MCECE) –
   • Also a 49.9% stake in this expansion adjacent to MCEC, together forming a 70,000 m² venue for conventions and exhibitions.
   • Similarly completed on 12 February 2026.

John Laing Group brings deep international expertise in PPP across transport and social infrastructure, including landmark venues such as the Convention Centre Dublin (CCD). The deal also signals John Laing’s return to the New Zealand PPP market and strengthens its presence in Australia, where it already maintains long-term investments in Victoria’s North East Link and Metro Tunnel, alongside other major projects including Sydney Light Rail and New Generation Rollingstock.