Tharshini Ashokan
The Australian bulk port, put on the market last year by Brookfield and State Super, represented a ‘rare’ opportunity, Palisade Investment Partners’ Alastair Pollock says.
Increasing vaccination rates and an easing of border restrictions suggested the weakened sector might be due for a full recovery soon, but the latest covid variant has set airports back yet again.
The firm, now known as PrivateMarketsCo, is set to sell its A$7bn infrastructure debt arm to Ares Management which attempted a takeover bid for AMP Capital earlier this year.
The firms will use their existing co-investment in the Granville Harbour Wind Farm to acquire the 50% stake in the project from Morrison & Co.
The Canadian firm is acquiring a 50% stake in the Australian and New Zealand based smart metering business in a deal that will see Brookfield co-own Intellihub with Sydney-based Pacific Equity Partners.
The firm’s head of global infrastructure Ross Israel said the resilience of previous QGIF acquisition Nexus Hospitals through the pandemic sparked the firm’s decision to acquire the New Zealand corporate hospital platform.
While electrification and sustainable fuels are important, so are smart mobility solutions and technology, says QIC.
MD Tom Laidlaw says the A$729m acquisition of the Meridian Energy Australia Group in partnership with Shell will scale and diversify the firm’s renewables portfolio.
Chief commercial officer Nicole Walker told us the open-end fund is targeting lower risk assets and is aiming to close initial fundraising at $4bn.
The new hydrogen energy storage technology 'could be an alternative long-duration solution to replace diesel', co-founder Alan Yu told us.