Australia shines at global infrastructure awards

By Industry Funds Management - 3 March 2011

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Industry Funds Management (IFM) and its Q Port Holdings (QPH) consortium partners, Global Infrastructure Partners (GIP), QIC Global Infrastructure and Tawreed Investments Ltd., have won two major international awards for the consortium’s acquisition of the Port of Brisbane.

‘The Asset’ magazine has announced its Triple A Asian Asset Regional Award for 2010 - Best Australia Deals with the Port of Brisbane transaction named ‘Best Privatisation Deal’ for the year.

IFM and its consortium partners also won the ‘Asian Infrastructure Deal of the Year’ awarded by U.S. based ‘Infrastructure Investor’ magazine for the consortium’s winning bid for the Port of Brisbane.

IFM chief executive Mr. Brett Himbury said the awards are acknowledgement of the efforts by the consortium teams in putting together such a successful bid for the prized Australian infrastructure asset.

“The deal on the Port of Brisbane has been recognised internationally as one of the infrastructure investments of the decade and further displays the depth of experience, knowledge and expertise within IFM to bring these opportunities to our investors,” Mr. Himbury added.

Port of Brisbane background

  • The Port of Brisbane is Australia’s fastest growing container port, and Queensland’s largest general cargo port. The Port of Brisbane is located at the mouth of the Brisbane River, and is managed and developed by the Port of Brisbane Pty Ltd (PBPL), under a 99-year lease from the Queensland Government.
  • PBPL is owned by the QPH consortium, comprising four of the world’s largest and most experienced infrastructure investors. The members are: Industry Funds Management; GIP; QIC Global Infrastructure on behalf of its managed funds; and Tawreed Investments Ltd, a wholly-owned subsidiary of the Abu Dhabi Investment Authority.
  • QPH is focussed on continuing to provide world class port facilities supporting trade flows for Brisbane Port users, as well as maintaining strong relationships with stakeholders including customers, employees, Governmental bodies and the local community.
  • QPH is committed to the long-term development of the Port of Brisbane. QPH’s vision is to be Australia’s leading port. QPH will continue the development of the Port to meet future trade growth and retain a strong focus on environmental management and protection.

About IFM

IFM is one of the largest global infrastructure investment managers with clients and teams in three of the largest pension markets in the world. Headquartered in Melbourne, Australia, with offices in London and New York, IFM specialises in investing and managing investment products across infrastructure, private equity, debt investments and listed equity portfolios. IFM manages over $27.6 billion worldwide.

IFM was a pioneer investor in the Australian infrastructure market, and has been an investor in global infrastructure assets since 1995, completing 46 transactions in that period with approximately $8.5 billion invested in the sector. IFM invests on behalf of institutional investors and is owned by 33 major Australian pension funds.