Leading independent infrastructure manager Whitehelm Capital, has completed the acquisition of the ITE College West PPP Project (ITE College West) in Singapore from Gammon Investments Pte Limited, a joint venture between Balfour Beatty Plc and Jardine Matheson Holdings Limited.

The investment was made by Whitehelm Capital on behalf of two leading Australian superannuation fund clients, MTAA Super and Prime Super.

ITE College West was the first social infrastructure PPP in Singapore, and the first education project in Asia developed with an availability-based payment mechanism. With over 7,700 full-time students, ITE College West is an established post-secondary institution with on-campus facilities to enable the Institute of Technical Education (ITE) to deliver students of the college practical work experience with industry partners within a business town concept.