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Group’s debut fund is targeting €2bn and gross returns of at least 15%.
The government has restructured a previous bundle that failed to fetch the desired price adding roads with ‘high traffic’.
CEO Izabelle Scemama said the French asset manager is interested in ‘the classic infrastructure sectors’, but not PPPs where returns are ‘more challenging’.
The private companies that will develop a rental car facility at Newark Liberty International have foregone an availability payment for the risk and reward of full revenue control.
With Australia’s asset-recycling programme over, dealflow is now a solidly mid-market affair. But our roundtable participants tell us they do not see a slowdown soon.
Pulse consortium fought off competition from QIC and Plenary Group to land the tunnels, stations and development package, which is likely to be worth around A$2.7 billion.
Under the initial agreement, the fund and PSP-owned highway operator Roadis will invest in new opportunities on a 50:50 basis.
American Triple I Partners CEO David Cibrian believes there is a healthy pipeline to be found in smaller US markets.
The infrastructure conglomerate emerged as the winner of a 50-year concession for six airports located in state capitals and densely-populated areas in the country.
The government believes worsening borrowing conditions and lower traffic on the roads offered failed to attract investor interest.