This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
The partners join forces once again to invest in
Melbourne's Victorian Comprehensive Cancer Centre
Nov. 6, 2012 /CNW Telbec/ - The Caisse de dépôt et placement du Québec announced an investment of AU$40.5 million in the Victorian Comprehensive Cancer Centre Project (VCCC).
The AU$1.2 billion VCCC project will deliver a purpose built cancer research, treatment, care and education facility in Parkville,
Melbourne, one of
Australia's leading biomedical and research precincts.
"Through this investment, in addition to the five others made earlier this year with Plenary, the Caisse is strengthening its presence in
Australia and is adding another quality asset to its infrastructure portfolio," said
Macky Tall, Senior Vice-President, Investments, Infrastructure at the Caisse de dépôt et placement du Québec. "This investment underscores our desire to invest in promising projects and with well-established partners in order to generate stable and predictable, long-term returns for our depositors."
Plenary Group Australia Principal,
John O'Rourke, said this further investment served to reinforce the growing strategic alliance between Plenary Group Australia and the Caisse. "We are particularly proud of this exceptionally designed comprehensive cancer center and the opportunity it represents for the two parties to co-invest in another significant social infrastructure project in
Construction of the Centre began at the end of 2011 and will commence services in 2016. The 1,400,000 sq. ft. facility will provide a brand new home for the Peter MacCallum Cancer Centre and new cancer research and clinical services for Melbourne Health (including the Royal Melbourne Hospital), new cancer research facilities for The
University of Melbourne and new education facilities for all building partners.
The partnership agreement between Plenary Health and the
State of Victoria covers the design, construction, financing and running of the VCCC facility over 25 years.
The Caisse invested another AU$139.2 million with Plenary in other projects earlier this year, including barracks for
Australia's Department of Defence, a hospital in
Berwick (in southeast
Melbourne), police and court facilities in
Southern Australia 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, 2011, it held CA$159.0 billion in net assets. As one of
Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information:
www.lacaisse.comABOUT PLENARY GROUP
Plenary Group is an independent long-term investor, developer and operator of public infrastructure, with businesses in both
Canada. Plenary Group Australia has quickly grown into the largest specialist PPP business in the region, successfully achieving financial close on nine (9) PPP projects in the Australian market. Plenary Group projects in
Australia have a project capitalization of over AU$5 billion. For more information:
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC