After years of delays and recent months of legal wrangling, the private consortium selected to develop the $5.6bn light-rail project is walking away.
First Sentier’s Danny Latham said that investors are increasingly focused on ‘utility-style’ assets and that the firm has been pursuing Australian renewables for some time.
The Australian fund manager has taken a 75% stake in a new renewables platform alongside Engie and Mitsui, with 1.3GW of development assets in its pipeline.
The A$125bn superfund is trying to take fibre provider OptiComm private in a A$675m deal that follows three infrastructure investing themes quite closely.
solar power
The deal is the second investment for BlackRock’s Global Renewable Power III following a commitment to Belgian renewable developer Windvision in September.
The first transaction comes in the form of a A$130m senior syndicated loan facility, with capital funded via a separate account.
Solar panels, photovoltaic - alternative electricity source
The new platform, which builds on IFM and Trafigura’s existing Impala Terminals business, could deploy $2bn in renewable energy generation.
Busan toll
The acquisition of the 15.3km toll road includes a minimum guarantee cash yield for MIRA’s listed fund for the remaining 27-year concession term.
Data centre
The UK-based firm will fund the investment through one of its Asia real estate funds.
The fibre company has a growing presence in Europe and is also the largest active operator in South Africa.

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