Infrastructure

The Lucky Bay shallow-water port, operational since mid-2020, could list in late 2023 following a capital raise to fund expansion and repay construction debt.

The fund manager invested in tomato producer Sundrop Farms via the Growth Infrastructure Fund, which has scaled back its fundraising target due to covid-19.

Estimates suggest that anywhere between A$27bn and A$50bn could be withdrawn from superannuation funds, but there should be adequate liquidity in the system to cope.

With drought leading to record-high water prices in south-east Australia last year, investors have started to look north in search of returns – but there are huge barriers to overcome. Daniel Kemp investigates what efforts are being made to unlock the opportunities.

Federation Asset Management says it will examine vertical farming and greenhouse assets as part of the sustainable infrastructure mandate for its Sustainable Australia Real Assets Fund.

The A$333m transaction includes six terminals across Australia, with a terminal at Port Kembla in NSW excluded due to competition concerns.

Steve Jarrott joins Warakirri from Westchester, where he was Australian portfolio manager, to oversee its latest diversified ag fund.

The competition watchdog has pushed back a decision for a second time. The review was triggered by concerns that the purchase by ANZ Terminals would ‘remove a significant competitor’ from the market.

Businesses and properties associated with food production and distribution attract growing interest from private equity funds, real estate investors and more traditional agri investors.

Andrew Day, who led Hastings Funds Management for six years, will step into the role later this month.