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The sale, from its first Public Infrastructure Partners Fund, is expected to generate strong returns in what's seen as a hot PPP market.
The Sydney-based fund manager said the venue in Western Australia has the characteristics of an infrastructure asset, with ‘secure and predictable’ revenues.
Following the success of its sterling-denominated fund that has raised £1bn to date, the London-based firm is launching a similar vehicle that will be available to the broader European market.
An ageing population coupled with government budgetary constraints provide strong fundamentals. But while infra investors might be better custodians than PE, we find they should do a thorough check-up before diving in.
The firm is targeting more deals in the sector, to which it is aiming to commit 20%-25% of its Diversified Infrastructure Trust.
The Sydney-based fund manager has appointed Plenary Group’s Daniel Pilbrow as it seeks to capitalise on opportunities in the healthcare sector resulting from demographic changes.
Clean Energy Finance Corporation makes $112m commitment to the new closed-ended fund that will target ‘high-growth’ assets.
The alternative real estate sector has seen a flood of new entrants and increased supply.
With expenditure growing from 12% to 20% of global GDP, AMP Capital global head of infrastructure health Julie-Anne Mizzi is bullish on the sector, but warns it's not without challenges.
The Australian superfund will be more flexible as it looks to increase its exposure to infrastructure assets from 3 percent currently.