Canada’s The Caisse sees future in Australia2 March 2012One of Canada’s largest pension fund management firms will partner with Australia’s Plenary Group to invest almost A$140 million in five Australian public-private partnerships (PPP) projects. The investment is the first in Australia for The Caisse de dépôt et placement du Québec whose partnership with the Australian developer is expected to generate a range of opportunities for both companies. Together the Caisse and Plenary Group will invest in the development of Melbourne’s Convention Centre, a hospital in Berwick, Australian Defence Force accommodation units and a number of police and court facilities in South Australia. A sixth project will be announced later in 2012. Senior Vice-President - Investments and Infrastructure for The Caisse, Macky Tall, said the partnership with Plenary Group will enable The Caisse to establish a presence in Australia’s extensive infrastructure and PPP market. “Our two organizations share a single vision, that is, to invest in projects presenting predictable long-term returns. Australia is full of interesting projects and we are pleased to be making an initial foray with this local partner," Mr Tall said. More information |