The AMP Capital Community Infrastructure Fund (CommIF) has expanded its social infrastructure concessions to eight following the acquisition of 49.99 per cent of the South East Queensland School Private Public Partnership (PPP) from the Commonwealth Bank of Australia.
The project has an enterprise value of over $250 million with a 26-year concession period and involves the construction of seven new schools for over 5790 students.
AMP Capital investment director Julie-Anne Mizzi said the investment allowed its clients to access stable, long-term CPI-linked cash flows underwritten by availability-based payments from the Queensland Government.
CommIF holds a portfolio of 24 schools in New South Wales, Queensland and South Australia under PPP arrangements.
“AMP Capital has an ongoing commitment to the Australian PPP market and CommIF is quickly becoming the partner of choice for secondary market social infrastructure assets in Australia and New Zealand,” Mizzi said.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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