Latest news with #PlenaryGroup
Zawya
10-07-2025
- Business
- Zawya
Plenary to boost private sector role in Abu Dhabi infrastructure projects
Plenary Group, a leading developer, investor, manager of infrastructure and real assets, has formalised a MoU with Abu Dhabi Projects and Infrastructure Centre to advance private sector engagement in infrastructure projects across the UAE capital. One of the key outcomes of the Abu Dhabi Infrastructure Summit that was hosted by ADPIC in June, the agreement established a collaborative partnership between the two organisations to plan, develop and implement strategic PSEs within the emirate. These efforts are part of a broader push to enable impactful PSE models across Abu Dhabi and are being driven in close collaboration with the Abu Dhabi Investment Office (ADIO), ADPIC's strategic partner in attracting private sector expertise and capital into priority infrastructure projects. ADPIC undertakes the review, supervision and monitoring of capital projects in Abu Dhabi, overseeing implementation and delivery to the highest standards of safety, quality and sustainability. It is currently managing initiatives worth more than $54 billion. "Strengthening private sector engagement is vital to delivering resilient, efficient, and future-ready infrastructure," said Eng. Maysarah Mahmoud Eid, Director General of the ADPIC. "This partnership with Plenary reflects our commitment to fostering high-impact collaboration that unlocks long-term value for Abu Dhabi, while supporting innovation, economic diversification, and world-class project delivery," he stated. Plenary CEO Paul Crowe said this agreement strengthens the strategic relationship with ADPIC and reinforces its mutual commitment to advancing private sector engagements across the emirate. "We look forward to collaborating with ADPIC on Abu Dhabi's strong pipeline of PSE projects," he noted. Plenary has partnered with the UAE government to finance and deliver social infrastructure projects since establishing a presence and winning its first project in 2022. It has been awarded three major infrastructure projects in Abu Dhabi to date – including the Emirate's first school infrastructure public-private partnership, the Zayed City Schools project, it stated. In 2024, ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, acquired 49% of Plenary, marking the first major inbound investment from the UAE into an Australian company following the signing of the Australia-UAE Comprehensive Economic Partnership Agreement and reinforcing bilateral ties between the two nations. As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's resilient future-ready, built environment.- TradeArabia News Service
Zawya
08-07-2025
- Business
- Zawya
Plenary Group signs MOU with Abu Dhabi's ADPIC to advance PSE models
Australia-headquartered infrastructure investment firm Plenary Group has signed a Memorandum of Understanding (MOU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) to advance Private Sector Engagement (PSE) in infrastructure projects across the Abu Dhabi emirate. The two organisations will plan, develop and implement strategic PSEs within the emirate in close collaboration with the Abu Dhabi Investment Office (ADIO), Plenary Group said in a press statement. ADPIC, which is responsible for the review, supervision and monitoring of capital projects in Abu Dhabi, is currently managing initiatives worth more than $54 billion in the emirate. ADIO is ADPIC's strategic partner in attracting private sector expertise and capital into priority infrastructure projects, according to the press statement. The Plenary Group has been awarded three major infrastructure PPP projects in Abu Dhabi to date including the Emirate's first school infrastructure public-private partnership (PPP), the Zayed City Schools project. The Plenary Group-BESIX consortium delivered three schools in Zayed City under the Zayed City Schools project in September 2024. In January 2025, the same consortium achieved financial close on the Khalifa City School project within the Zayed City Schools PPP programme under an 'augmented procurement framework' initiated by ADIO. In July 2024, a consortium led by Plenary Group and including BESIX, and the UAE's Mazrui International was awarded Khalifa University Student Accommodation PPP Project in Abu Dhabi. In February 2025, ADQ and Plenary Group announced the launch of Plenary Middle East, a co-development and investment platform to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. (Editing by Anoop Menon) (
Zawya
08-07-2025
- Business
- Zawya
ADPIC - Plenary MoU to advance private sector engagement in Abu Dhabi infrastructure projects
ABU DHABI, UAE: Leading developer, investor, manager of infrastructure and real assets Plenary Group has formalised a Memorandum of Understanding (MOU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) to advance Private Sector Engagement (PSE) in infrastructure projects across Abu Dhabi. One of the key outcomes of the Abu Dhabi Infrastructure Summit that was hosted by ADPIC in June, the MOU established a collaborative partnership between the two organisations to plan, develop and implement strategic PSEs within the Emirate. These efforts are part of a broader push to enable impactful PSE models across Abu Dhabi and are being driven in close collaboration with the Abu Dhabi Investment Office (ADIO), ADPIC's strategic partner in attracting private sector expertise and capital into priority infrastructure projects. ADPIC undertakes the review, supervision and monitoring of capital projects in Abu Dhabi, overseeing implementation and delivery to the highest standards of safety, quality and sustainability. It is currently managing initiatives worth more than US$54 billion. 'Strengthening private sector engagement is vital to delivering resilient, efficient, and future-ready infrastructure,' said H.E. Eng. Maysarah Mahmoud Eid, Director General of the Abu Dhabi Projects and Infrastructure Centre. 'This partnership with Plenary reflects our commitment to fostering high-impact collaboration that unlocks long-term value for Abu Dhabi, while supporting innovation, economic diversification, and world-class project delivery.' Plenary CEO Paul Crowe said, 'The MOU strengthens our strategic relationship with ADPIC and reinforces our mutual commitment to advancing private sector engagements across the Emirate. We look forward to collaborating with ADPIC on Abu Dhabi's strong pipeline of PSE projects.' Plenary has partnered with the UAE government to finance and deliver social infrastructure projects since establishing a presence and winning its first project in 2022. It has been awarded three major infrastructure projects in Abu Dhabi to date – including the Emirate's first school infrastructure public-private partnership, the Zayed City Schools project. In 2024, ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, acquired 49% of Plenary, marking the first major inbound investment from the UAE into an Australian company following the signing of the Australia-UAE Comprehensive Economic Partnership Agreement and reinforcing bilateral ties between the two nations. As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's resilient future-ready, built environment. About: Plenary is an independent investor, developer and manager of infrastructure and real assets, specialising in public-private partnerships, precinct developments and community infrastructure. Established in Australia in 2004, it has expanded to become one of the leading financiers, developers and managers in its markets with assets under management worth more than US$59 billion across the Middle East, Australia, the UK and North America. Media contact Chris Whitefield Executive Director, Communications and Community
News.com.au
13-06-2025
- Business
- News.com.au
Bar, restaurant, cafe operators short-listed for convention centre
Hospitality operators celebrating the best of the region's food and wine at Geelong's convention centre are expected to be revealed soon as the lead proponent fine tunes the retail precinct. Plenary Group put a call out earlier this year through Gartland and CBRE for hospitality providers, especially those based in the region, to becoming part of the $450m Nyaal Banyul Geelong Convention and Event Centre. Plenary chief investment officer Paul Crowe said the group was in the process of short-listing operators and refining the retail offering. 'We've been really happy with the response we got from the market, a particularly strong response from local operators,' Mr Crowe said. 'We're working through those responses to shortlist and fine tune and make sure we come out with a really exciting retail offering that supports the precinct. 'We got a good range of offerings, a good spread covering everything from cafes to a fine dining restaurant to a bar-type offering and make sure that they complement what the hotel does.' Crowne Plaza Geelong will operate an in-house Italian restaurant and bar and a sky bar cocktail lounge on level 10. Nyaal Banyul will feature two large exhibition halls, a 1000-seat theatre and flexible conference and event spaces. 'The size of the venues are targeting larger events and events that bring people in to the region,' Mr Crowe said. 'What the precinct needs to do, and in particular the hotel and working in partnership with the convention centre operator, is to make sure we get the activation to bring the other events, the smaller events into the hotel or into the smaller rooms in the convention centre, to make sure it's active all year round.' The precinct forecourt will feature a big screen and a mix of dining ands retail options. The tenancies up for grabs encompass 700sq m of floorspace plus outdoor seating, for operations that include a fine dining restaurant and week-round, all-day cafe and potential for a gastropub, coffee bar, general store and convenience retail outlet. 'We're really looking at how we draw people in to the precinct, make it exciting when there are visitors for events,' Mr Crowe said. 'We're anchoring one end of the waterfront with this precinct, so we want to make it a beacon for people to come towards, or start at in how they explore the waterfront.' Plenary expects to reveal the retail operators in the next two to three months, but there's a lot of detail to go through with the proponents, including fit-out requirements, Mr Crowe said. The convention centre is expected to open in mid 2026. Meanwhile a separate $130m commercial tower planned for the site remains on the drawing board. Mr Crowe said securing tenants for that project would define the timeline for the tower, which is a direct investment by Plenary.
CTV News
04-06-2025
- Business
- CTV News
Ontario hospital files $100-million lawsuit claiming shoddy construction, like uneven floors, putting patient safety at risk
In a $100-million lawsuit, Humber River Health claims that recent shoddy construction has left the floors uneven or bubbling in nearly every wing of the hospital, putting the health and safety of patients and staff at risk. The Toronto hospital, which claims to be North America's first fully digital facility, is suing the consortium contracted to build and maintain the facility. The statement of claim, obtained by CTV National News, lists Plenary Health Care Partnerships Humber L.P. as the defendant. The Director of the University of Toronto's Infrastructure Institute, Matti Siemiatycki, believes this is an issue 'every Ontarian should be concerned with. This is (only) a 10-year-old hospital.' Construction on the Humber River Health complex began in 2011 through a public-private partnership with Plenary Health Care Partnerships. The Ontario Government signed Plenary and the consortium to build and maintain the hospital for the next three decades. On its website, Plenary Group is described as a leading independent long-term investor, developer and operator of public infrastructure, with a global presence. In Humber River Health's statement of claim against the consortium, it says that uneven floors have made it 'difficult for staff to move equipment, supplies, food, and patients on wheeled transportation devices. Often, wheeled carts have to be placed behind rubber stoppers to prevent the carts from sliding out of position.' The 'potential root causes' listed in the statement claim include 'installation of the concrete floor slabs by Project Co, and PCL and its subcontractors,' and the 'improper levelling of the concrete floor slabs prior to the installation of finish flooring.' The claim also says that there's 'bubbling and tearing of the rubber flooring in nearly every area of the hospital, including the emergency department, birthing unit, and patient recovery rooms.' Siemiatycki shares that 'the key is that the risks that were supposed to be managed and transferred to the private sector have not resided there, they've ended up boomeranging back and the public is bearing the cost for it.' Among their list of projects, CTV News has learned that Plenary has also been contracted by the Province of Ontario to build, design and operate aspects of a new subway line currently under construction in Toronto. Siemiatycki believes the fact that this is going to litigation shows that there are aspects of the public-private partnership framework that aren't working. 'To see now that this is going to litigation instead of the public-private partnership itself (working this out) is really at the core of this issue. Things do happen in a construction project, that's not abnormal. What is abnormal is this resolution process. A public-private partnership is meant to avoid litigation because there's terms in the contracts that should simply kick-in allowing Ontarians to receive the care they've paid for with their tax dollars and deserve,' says Siemiatycki. Plenary declined CTV News's request for comment today, as did Humber River Health and Ontario's Ministry of Health, saying the matter is before the courts.
