MONTREAL, March 13, 2013 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec today announced an investment of AU$32 million in Melbourne's
Centre for AgriBioscience (AgriBio) under an agreement with Plenary
Group, one of Australia's infrastructure leaders.
"This investment in a social-infrastructure project enables us to
increase our presence in Australia, a market presenting great business
opportunities," said Macky Tall, Senior Vice-President, Infrastructure,
at the Caisse de dépôt et placement du Québec. "Because these projects
are carried out under 15-, 20- or even 30-year agreements, they enable
us to generate stable, predictable returns for our depositors over the
Plenary Group's Managing Director, Mr. Paul Oppenheim said, "This recent
investment by the Caisse brings their total investment in Plenary Group
projects to over AU$200 million. It underlines the quality of our
portfolio and our asset management capability. The Caisse partnership
is the cornerstone of an equity platform that allows Plenary to play a
critical role in Australia's major infrastructure projects."
The Centre for AgriBioscience is a joint venture between the Victorian
State Government and La Trobe University. It includes research
laboratories, greenhouses and offices that will be used by more than
400 researchers. In an effort to support and protect Victoria's
AU$11.6-billion agricultural sector, the research carried out will
focus in particular on identifying and studying diseases likely to
attack living cultures and organisms.
The project will be carried out under a 25-year agreement that includes
design, construction, financing and operation of the facility.
The other projects the Caisse invested in with Plenary in 2012, included
a cancer research centre, a hospital, court facilities and the
Melbourne Convention and Exhibition Centre.
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and
insurance plans. As at December 31, 2012, it held $176.2 billion in net
assets. As one of Canada's leading institutional fund managers, the
Caisse invests in major financial markets, private equity,
infrastructure and real estate globally. For more information: www.lacaisse.com.
ABOUT PLENARY GROUP
Plenary Group is an independent long-term investor, developer and
operator of public infrastructure, with businesses in both Australia
and Canada. Plenary Group has quickly grown into the largest specialist
Public Private Partnership (PPP) business in the region, successfully
achieving financial close on nine PPP projects in the Australian
market. Plenary Group projects in Australia have a project
capitalization of over AU$5 billion and a project capitalization of
over AU$11 billion globally. For more information: www.plenarygroup.com.
Image with caption: "The Caisse de dépôt et placement du Québec invests AU$32 million in Melbourne's Centre for AgriBioscience (AgriBio) under an agreement with Plenary Group, one of Australia's infrastructure leaders. (CNW Group/CAISSE DE DEPOT ET PLACEMENT DU QUEBEC)". Image available at: http://photos.newswire.ca/images/download/20130313_C4596_PHOTO_EN_24518.jpg
SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
For further information:
Caisse de dépôt et placement du Québec
Senior Advisor and Writer, Media Relations
Executive Director, Corporate Affairs
+61 3 413 120 344