OMERS Infrastructure has agreed to acquire Stilmark, an independent Australian developer, owner and operator of mobile tower assets, marking OMERS’ second tower investment in the country in two months.
In May, OMERS agreed to acquire TPG Telecom Ltd.’s mobile tower and rooftop portfolio.
Stilmark has delivered numerous development and build projects for TPG and Optus since its establishment in 2013, and it has assembled a national portfolio and pipeline of towers. After the Stilmark and TPG tower asset transactions close, the consolidated towers business will be part of OMERS’ growing portfolio of assets in Australia.
“The strong focus on delivering innovative and market-leading solutions for mobile network operators continues to be a key part of our interest in the company,” said Christopher Curtain, senior managing director, Asia Pacific for OMERS Infrastructure. “Stilmark is an excellent fit for our new Australian digital infrastructure portfolio,