InfraRed Capital Partners has been awarded by the Curtin University a contract to deliver the design, finance, construct, and operate the new industry-connected innovation precinct project - Exchange - for 35 years partnership. The project is a transformative hub that will serve as a catalyst for innovation benefiting students, industry and the broader community.
The new development includes about 1,000 new student accommodation beds operated by St Catherine’s College and UniLodge Australia, a 60-room boutique hotel operated by Waldorf Australia Group, 38 apartments (one, two and three-bedroom), 3,000m2 of commercial space, and 15 specialty retail shops including a grocery store and food and beverage outlets.
The construction of the project is set to commence in August 2019, with the first stage of the Exchange development set to officially open in January 2022. Probuild has been contracted to build the three new buildings, which will be delivered simultaneously and completed in time for the official opening.
InfraRed Capital Partners has partnered with several lenders group which includes Clean Energy Finance Corporation and National Australia Bank.
Country updates
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June 10, 2019
EQT withdraws US$ 2.3 billion buyout offer for Vocus Group
EQT Infrastructure has withdrawn the buyout offer to Austrian telecom company Vocus. EQT offered AUD 3.3 billion (US$ 2.3 billion) to Vocus, which was 35% premium to Vocus' closing share price at...
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May 31, 2019
GEO Group closes refinancing for Ravenhall prison PPP
The GEO Group has closed an offering of AUD461,558,749 (US$319.85 million) aggregate principal amount of non-recourse senior secured notes due 2042 (the Notes). The amortizing Notes were iss...
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May 29, 2019
Refinancing of Ravenhall prison project completed
The GEO Consortium has completed successful refinancing of the Ravenhall Prison Public-Private Partnership (PPP), by way of a long-term US Private Placement. Allens has advised GEO consortium on the r...
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May 29, 2019
First line of USD500m Light Rail project opens in Australia
The Australian Capital Territory (ACT) Government has opened the first line of Light Rail project in Canberra for public use. The Canberra light rail line is the city´s first rail network a...
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May 24, 2019
Infratil completes sale of ANU Student Accommodation concession
Infratil confirms that the sale of its 50% interest in the Australian National University’s Purpose-Built Student Accommodation concession to funds controlled by AMP Capital has completed. A co-...
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