Spanish insurer MAPFRE and its strategic partner Abante have launched an infrastructure fund of at least EUR200 million (US$236.10 million) to invest in Macquarie Infrastructure and Real Assets’ (MIRA) infrastructure funds.
MAPFRE Infraestructuras FCR, as the vehicle has been called, will facilitate access to the main investment strategies in global infrastructures in an efficient and diversified manner, through Macquarie's investment arm. MAPFRE will contribute an initial capital of EUR50 million (US$58.9 million) and will invite other institutional investors and private banking clients to participate in the fund under a co-investment model.
Both MAPFRE and Abante will work together with MIRA in the selection of the most appropriate investments within the portfolio of strategies that the Australian manager currently has in place, which include renewable energy, transport, communications, public services, and waste management. In addition, the two partners will be able to serve on the Macquarie funds oversight committees.
The demolition works at station Burleigh Heads has been completed, paving a way for construction of Gold Coast Light Rail Stage 3A. This extension project will provide light rail connectivit...
Read moreAustralian Capital Territory government has launched Environment Protection and Biodiversity Conservation (EPBC) preliminary documentation for stage 2A of Canberra Light Rail project. The pr...
Read moreH.R.L. Morrison & Co has reached the third and final close of the Morrison & Co Growth Infrastructure Fund (MGIF), raising capital to invest in infrastructure delivering essential services tha...
Read moreAustralian Rail Track Corporation (ARTC) is to issue a request for proposals (RFP) for the Inland Rail Gowrie-Kagaru PPP to the three shortlisted bidders in October 2020.
Read moreThe Transport for New South Wales in Australia has announced plans to launch a request for expression of interest for the development of Western Harbour Tunnel which will stretch from the Wa...
Read more