Toll road developers Atlantia, ACS, Abertis, Belfi, Cintra, Global Via, Hochtief and ISA have all suffered damages to their Chilean road concessions in the aftermath of the 8.8 magnitude earthquake that struck Chile over the weekend.
Franklin Templeton Real Estate Advisors, the real estate investment arm of New York-based Franklin Templeton Investments, has launched its second Asia fund of funds after closing on its inaugural effort in November 2008.
Senior Mexican government officials were in Madrid yesterday wooing Spanish firms and investors for the $50bn in infrastructure the authorities plan to tender this year. The standouts are a new airport in the Mayan Riviera and a multi-hundred million dollar highway package in the state of Jalisco.
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue
PEI talks with Ben Hewetson, the head of Teachers’ London office, about the group’s plans for Europe and the complexities surrounding its recent Acorn deal.
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards are a first for InfrastructureInvestor and attracted votes from over 35,000 industry participants, with both established players and rising stars taking the honours.
The two firms are at odds on how to service debt for French toll road APRR, which they jointly own through vehicle Eiffarie. Eiffage wants to inject €80m in equity in the vehicle, through a capital increase, in order to preserve its credit rating. But Macquarie has so far not agreed to this solution.
Poul Nyrup Rasmussen, head of the Party of European Socialists, exclusively told sister magazine PEI why he thinks private equity, real estate and infrastructure funds need bringing to heel.
The UK infrastructure group has been named preferred bidder for a £250m PPP to install and maintain some 33,000 street lights in Coventry, in the Midlands. The project is Balfour Beatty’s fourth street lighting contract in the UK.
The Spanish owner of BAA saw its case against the forced sale of more UK airports strengthened yesterday by a court decision that effectively allows it to keep all its UK airports for the foreseeable future. The UK regulator which recommended BAA’s breakup will appeal the decision to another court but could be forced to again review BAA’s position in the market.
Saffron Asset Advisors, the Mumbai-based real estate investment management firm is to halt plans for three sector specific India funds in order to concentrate its efforts on its existing portfolio.
EUROFIDEME 2, a greenfield fund sponsored by Natixis Evironnement & Infrastructures, has reached financial close for France’s biggest solar project. Caisse d’Epargne Provence-Alpes-Corse and Société Générale provided €90m in debt to help close the deal.
HSBC has started the sale of its UK rolling stock leasing company, for which it is seeking around £2bn. JP Morgan, Macquarie and UK-based investment firm Star Capital are all said to be interested in the sale. Teasers are already out with expressions of interest expected in late March.
Major changes in the fundraising industry continue with Evercore’s purchase of an eight-person private placement team from the former Lehman division. The Evercore Private Funds Group will place infrastructure, real estate, buyouts and other alternative strategies.
Global Infrastructure Partners’ Michael McGhee said at a conference yesterday that the fund was planning to issue bonds later this year to refinance a short-term loan it took out when it bought Gatwick airport for £1.51bn last year. The issue would be done in Gatwick’s name, not GIP’s.