AECOM provided an update today on the progress of its investment fund, AECOM Capital.<\/p>\n
The US$150 million fund is officially known as AECOM Global Fund I, L.P. and has offices in New York City and Los Angeles. \u00a0The fund is expected to make direct investments in real estate and public-private projects.<\/p>\n
\u201cAECOM Capital is a visionary investment platform that provides us with opportunities to play an important role in development projects as our clients pursue alternative-delivery options and look for partners who can provide financing, along with our traditional services,\u201d said John M. Dionisio, AECOM chairman and chief executive officer.\u00a0 \u201cThis fund also provides another opportunity to connect us with infrastructure projects that can benefit from our comprehensive service offerings.\u201d<\/p>\n
The fund currently is focused on investments in U.S. public-private partnership transportation and infrastructure opportunities as well as private real estate projects.<\/p>\n
\u201cWe are proud to be able to offer an innovative financing solution \u2013 to help address shortfalls in public funding for critical infrastructure projects and to help address the tightened credit environment for private sector real estate projects,\u201d said Michael S. Burke, AECOM president.\u00a0 \u201cThrough these investments, we now have an opportunity to participate as a vital partner in advancing projects with our clients, while also generating revenue as our clients utilize AECOM\u2019s traditional services.\u201d<\/p>\n
John T. Livingston is chief executive of AECOM Capital.\u00a0 \u201cAs we have previously noted, this fund differentiates AECOM in the marketplace as we help to supply equity and align interests with our development partners and create additional opportunities for our businesses,\u201d said Livingston.<\/p>\n
One of the projects that AECOM Capital is currently invested in is Provost Square, a luxury 417-unit apartment rental tower in Jersey City, N.J.\u00a0 The building is being developed jointly by Toll Brothers City Living and AECOM Capital.\u00a0 It is being constructed by AECOM\u2019s construction services business.\u00a0 Leasing is anticipated to begin during early 2015.<\/p>\n
AECOM\u2019s previous experience with alternative delivery and project financing includes its successful investment in Meridiam Infrastructure Fund, which works with public authorities to procure and manage infrastructure for local developments.<\/p>\n
About AECOM Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of returns, anticipated financial performance and market and industry trends.\u00a0 Actual results could differ materially from those projected or assumed in any of our forward-looking statements.\u00a0 Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended Dec. 31, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. \u00a0AECOM does not intend, …<\/i><\/p>\n","protected":false},"featured_media":0,"template":"","yst_prominent_words":[],"class_list":["post-11457","press-release","type-press-release","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release\/11457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/types\/press-release"}],"version-history":[{"count":0,"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release\/11457\/revisions"}],"wp:attachment":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/media?parent=11457"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/yst_prominent_words?post=11457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/b>AECOM\u00a0is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government.\u00a0 With approximately 45,000 employees around the world,\u00a0AECOM\u00a0is a leader in all of the key markets that it serves.\u00a0 AECOM\u00a0provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments.\u00a0 A\u00a0Fortune 500<\/i>\u00a0company,\u00a0AECOM\u00a0serves clients in more than 140 countries and had revenue of\u00a0$8.2\u00a0billion during the 12 months ended Dec.\u00a031, 2012.\u00a0 More information on\u00a0AECOM\u00a0and its services can be found at aecom.com\/taiwan<\/a>.<\/p>\n