PATRIZIA has acquired Active Utilities, an Australian embedded network provider, on behalf of superannuation fund client Prime Super. Managed by PATRIZIA Infrastructure, the investment creates Australia’s largest independent embedded network platform, bringing together the ownership of Active Utilities and Savant Energy.
Active Utilities is a vertically integrated provider of embedded network solutions to multitenant buildings across the residential, commercial and retail sectors in five Australian states. The company procures and supplies electricity, gas and water, and it provides end-to-end billing and customer support services. Active Utilities currently manages a portfolio of 75,000 utility meters across 800 high-density buildings predominantly located in Victoria, Queensland and New South Wales.
The company has a strong contracted growth pipeline after successfully signing partnerships with a number of Australia’s major property developers, which will signifi