AMP Capital infrastructure fund acquires stake in Westadium
The Community Infrastructure Fund (CommIF), managed by AMP Capital, has acquired a stake in Westadium. Westadium is a consortium which was awarded a 25-year concession of Optus Stadium in Perth.
CommIF acquired the interest from John Liang, which was investor and manager of the Perth stadium project. The value of the stadium is about EUR 936 million (US$ 1,059.83 million). The government supported 60% of the capital cost of the stadium and no longer has a financial interest in the project.
Optus stadium was completed last year with facilities include a range of entertainment and sporting events, including cricket, rugby union, rugby league, AFL, soccer and concerts.
Country updates
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March 14, 2019
Green light for long-awaited Melbourne Airport rail link project
The Victorian and federal governments (Australia) have officially signed off on the long-awaited Melbourne Airport Rail Link (MARL) PPP project. The project will connect Melbourne Tullamarine A...
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March 12, 2019
Construction commenced for 36 MW EfW project in Kwinana
Australia has commenced the construction of the 36 MW thermal energy-from-waste (EfW) project in Kwinana, in the western region. The power plant diverts 400,000 tonnes of household, commer...
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March 05, 2019
ANZ Terminals agrees to acquire Australian Bulk Liquid Terminals business of GrainCorp
ANZ Terminals has entered into an agreement with GrainCorp Ltd to acquire its Australian Bulk Liquid Terminals business for a total enterprise value of about AUD350 million (US$248.22 millio...
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February 22, 2019
Macquarie prepares sale of Hobart Airport stake
Macquarie Group is preparing to sell its controlling stakes in Hobart International Airport located in Cambridge, Tasmania. The facility has a current capacity of 2.4 million passengers annually. It i...
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February 19, 2019
New Footscray Hospital Project in planning
The Andrews Labor Government is kick-starting work to design and build a new AUD 1.495 billion (USD 1 billion) world-class public hospital in Footscray. Community consultation for the project will get...
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