Plenary has agreed with Abu Dhabi-based investment and holding company ADQ for ADQ to acquire a 49% interest in Plenary.

Plenary and ADQ will establish a collaborative development and investment platform targeting public and social infrastructure opportunities in rapidly growing regions such as the GCC, the Middle East, and Central Asia. Alongside new capital injection, ADQ will purchase shares from existing Plenary shareholders, including those held by global investment group CDPQ. CDPQ will maintain its investment in various Plenary assets in Australia and support new projects while retaining majority ownership of Plenary Americas. Plenary will continue to be primarily owned and managed by its Australian founders and senior management, maintaining operational autonomy as it continues to invest in high-quality infrastructure and property assets over the long term. Founded in Australia in 2004, Plenary has evolved into a leading investor, developer, and manager of public, urban, and community infrastructure and property, expanding its business model globally with notable success.