Zak Bentley
The £2bn Neart na Goithe project in Scotland recently overcame a lengthy legal process to proceed to the development stage. Mainstream CEO Andy Kinsella says the sale has already generated significant interest.
With the threat of political intervention and restrictions on infrastructure investment looming, we talk to five industry professionals who remain confident about the prospects for dealflow and fundraising in Europe’s saturated mid-market.
The UK remains the top destination when ranked purely on private sector participation.
The seven acquired projects include the largest solar park in Northern Ireland, generating 45MW. They were bought from German developer BayWa and became operational earlier this year.
The Macquarie debt vehicle’s second social housing deal is part of a wider £270m debt package.
The pair, alongside Transmission Investment, fought off competition from Macquarie, HICL, Equitix and Balfour Beatty.
The deal is the scheme’s largest to date and was sealed by the Multi-Strategy Infrastructure Fund, which now has £750m of commitments.
The deal is the €1.8bn fund’s fourth investment, all of which have been in the transport sector.
The manager’s maiden fund returned 2.1x capital and generated an 11.4% IRR on exit. Co-founders Ed Clarke and Martin Lennon talk us through the process and describe what’s changed in the market since its launch.
The firm’s strategy is aiming to provide an IRR of between 16% and 20% from investments in up to 15 projects.