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Karen Maley

Why industry super funds have a love affair with infrastructure

Why are the country’s giant industry super funds so eager to acquire the pandemic-struck Sydney Airport?

Karen MaleyColumnist

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Nothing says an asset is hot like a prospective purchaser offering to fork out more than 40 per cent above its market value to snap it up.

So there’s no doubting the ardour of the IFM Investors-led consortium that has lobbed a $22 billion takeover bid for Sydney Airport, despite the considerable challenges the airport industry faces.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/why-industry-super-funds-have-a-love-affair-with-infrastructure-20210712-p588tw