Investec Bank Australia has hired a team of specialist infrastructure developers and financiers in response to an increased demand for infrastructure investments.
The group joined from Alba Capital and is led by former Alba managing director Michael Still.
Still said fiscal and monetary prudence combined with growing demand for social infrastructure and public services has made private financing of such assets an attractive and viable investment opportunity in Australia.
"We work side by side government and semi government tenants to design, develop and fund their infrastructure assets in a way that essentially offers our investors a steady revenue stream over 20 plus year leases," Still said.
"This appeals to superannuation funds and institutions looking for long term, steady consumer price index-linked returns without the risks associated with other infrastructures asset such as toll roads or telecommunications," he said.
"The team comes with vast expertise in social infrastructure such as high quality precinct developments and specialised buildings for governments departments, communities and universities," Investec chief executive David Clarke said.
