The loans will target high-speed rail, electricity distribution, renewable and clean energy projects.
The London-listed public and social infrastructure investor will use the money to finance acquisitions over the next six to 12 months.
A possible sale appears to be another step in winding down Santander’s second infrastructure fund, which halted fundraising in the fall. Santander decided against launching the €1.5bn fund due to adverse market conditions.
The joint venture fund management platform of Mumbai-based Samsara Capital and London-based Catalyst Capital, will target ‘affordable’ residential developments in India’s tier I cities. He told PERE’s Jonathan Brasse in an interview for the PERE Yearbook 2009.
The Swiss alternatives manager has more than doubled the size of its previous global secondaries fund, closed in 2006.
The project takes the Austrian construction company’s PPP portfolio to 30 projects. Revenues will be generated by direct toll collection but the World Bank is hedging risk by guaranteeing toll collection and political risk.
The four projects were held in a joint venture with BAM PPP, which has now sold its remaining 50% stake to DIF.
The €33m deal will see the Natixis-sponsored infrastructure fund acquire a 30% stake in renewable energy developer Boralex’s European business. Cube recently reached a second close on €500m for its fund and is targeting €1bn overall.
A new report looking ahead to prospects for Greek infrastructure investment in the first quarter of 2010 identifies the concession tender for Crete’s Kasteli airport as critical in a market suffering more than most.
Abu Dhabi has committed $10 billion to help neighbouring Dubai meet is debt obligations, including its $4.1 billion Islamic bond, which matured today.
HSBC Infrastructure, which already owns a 22% stake in the helicopter training facility in Oxford, is making a £2.1m loan toward the project, which was completed in August 2000 under the UK’s private finance initiative programme. The money will be used to upgrade a Chinook flight simulator.
The project marks the Portuguese road concessionaire’s first investment in high-speed rail. Over half of the funding for the 40-year design, build, finance and maintain contract will come from the Portuguese government and subsidies from the European Union. Commercial banks will also provide a 27-year, €90 million loan.
Munich-based Deutsche Pfandbriefbank is providing a €200m loan to help finance Spain’s burgeoning high-speed rail sector.
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
The global fund of funds manager has attracted around $600m in commitments in the last 12 months on its way to a target of $3.75bn.