Infracapital has agreed to the sale of a 50% stake in Last Mile Infrastructure Group (Last Mile) to Macquarie Asset Management, via Macquarie European Infrastructure Fund 7.

Last Mile engaged in the planning, installation, ownership, and operation of last-mile infrastructure for electricity, gas, water, and wastewater networks. Additionally, Last Mile supplies smart meters for newly constructed properties throughout the UK. With ownership and oversight of around 670,000 electricity and gas connections, it establishes crucial links between distribution networks and both residential and commercial consumers. Furthermore, the company is actively cultivating an order book encompassing approximately 725,000 connections for electricity, gas, water, and wastewater services.