Active Utilities Acquires Frasers Property Australia's Energy Business

Active Utilities has acquired Frasers Property Australia's energy business, Real Utilities, for an undisclosed amount.

This corporate acquisition sees Active Utilities take ownership of Real Utilities, the licensed Australian energy retailer operating within Frasers Property's communities.

Frasers Property Australia, a leading diversified property group and a division of Frasers Property Limited, has a legacy dating back to 1924, developing a wide range of properties including residential, commercial, retail, and build-to-rent.

The company is committed to sustainability, having certified over 8.6 million square metres of Green Star space and reducing carbon emissions.

Its energy business, Real Utilities, owns and manages carbon-neutral energy infrastructure, providing greener, cheaper, and simpler energy solutions within Frasers Property's developments.

Active Utilities, a company operating in the utilities sector, gains a significant foothold in the embedded network market through this acquisition.

For Active Utilities, this move offers an immediate, established portfolio of energy infrastructure and a customer base within Frasers Property's communities.

The acquisition allows Active Utilities to leverage Real Utilities' expertise in sustainable energy retail and carbon-neutral infrastructure, integrating these capabilities into its own operations.

This strategic alignment aims to create significant operational synergies, enhancing service delivery and expanding market reach.

The acquisition is expected to streamline energy management and service provision across these communities, potentially benefiting residents and businesses with integrated and more efficient utility solutions.

Frasers Property Australia can now focus its resources on its core property development and management activities, while Active Utilities expands its footprint in the Australian energy sector with a proven, sustainability-focused business.

The combined entity is poised to capitalize on the growing demand for sustainable and integrated utility services within property developments.