AMP Capital has announced it has been on track to deliver close to $1 billion in retail development on behalf of UniSuper with a successful completion of $142 million Marrickville Metro.
At the same time, he warned that although this asset class was not risk-free and its expected higher returns for social infrastructure above bond yields represented a risk premium, this left managers with plenty of options for mitigation.
Additionally, this asset class offered a promising outlook, given the low-rate environment and the governments taking a more central role in infrastructure funding and provision, sidelining the private sector.
However, according to Savage, in the longer term over the coming years this shift would lead to greater public-private partnerships.
“Furthermore, although the cost of borrowing may not increase dramatically for governments into the near future, they may have a keen eye to their existing debt burdens in the wake of COVID-19 stimulus, and as a result may be less willing to have the full cost of new projects on their balance sheet,” Savage said.
“India offers attractive opportunities for our Infrastructure Debt Asia strategy, combining a significant infrastructure pipeline with increasingly supportive regulatory and government initiatives to encourage greater involvement of private investors,” Simon La Greca, head of infrastructure debt Asia at AMP Capital said.
“We look forward to investing further with high quality and experienced sponsors across the infrastructure sector in India.”
Sadbhav Infrastructure was a road company specialising in the development, operation and maintenance of highways, roads and related projects, with its current road portfolio comprising the development of nine Hybrid Annuity Model road projects located across India, and currently operating four toll road projects located in Maharashtra, Harayana and Gujarat.
By Reuters Staff
1 Min Read
March 16 (Reuters) - Australian real estate developer Dexus said on Tuesday it had struck a deal to merge one of its funds with a A$5 billion ($3.88 billion) diversified real estate investment fund run by AMP Capital.
The company said unit holders of its A$10.1 billion Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund were expected to vote on the merger in late April. ($1 = 1.2900 Australian dollars) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Leslie Adler)