Macquarie Asset Management (MAM), through its Macquarie Global Infrastructure Fund, has plans to acquire a 50 percent ownership interest in Secure Electronic Registries Victoria (SERV), the private operator of Victoria’s Register of land, from Aware Super.
Financial terms of the deal were not disclosed.
After the transaction closes, Aware Super will retain and manage the remaining 50 percent ownership and will remain a committed long-term investor in SERV.
SERV holds a 40-year concession, granted by the Victorian government in 2018, to operate and administer functions within Victoria’s Register of land, processing more than 9 million transactions a year and playing a critical role in Victoria’s property ecosystem. Since 2018, SERV has improved services, enhanced data security and operational resilience, invested to modernize technology and promote innovation, and preserved the integrity of the Register.
MAM and Aware Super have a strong track record
