Investing in infrastructure helps diversify our investment portfolio, with the added benefit of providing tangible products and services our members and communities need.

Our infrastructure investments include traditional investments such as power, transport, hospitals and convention centres. They also include investments in emerging infrastructure sectors, such as land registries. Given their scale and the essential services infrastructure investments provide, they tend to have a consistent demand, which provides relatively stable returns for our members.

The International Convention Centre Sydney

The International Convention Centre (ICC Sydney) is Asia Pacific’s premier integrated convention, exhibition and entertainment precinct. It has won numerous awards, most notably the 'Best infrastructure project' by Infrastructure Partnerships Australia - due to its excellent design, careful and considered construction and outstanding performance, all while delivering the nation a new and emblematic piece of tourism infrastructure.

Investment date: June 2016

Returns to members: Returns will come from secure and stable contracted government cash flows.

Where this investment fits in our portfolio: All pre-mixed options; Alternatives (Infrastructure and real assets sector).

Bendigo Hospital

Bendigo Hospital is a truly world-class regional hospital servicing the Loddon Mallee region. Incorporating the best elements of modern hospital design from around the world, this new hospital provides a great work environment for many of our members. Bendigo Hospital was announced as the 2017 winner of the best interior design of any healthcare facility in the entire Asia Pacific by the International Interior Design Association (IIDA). The IIDA is a global body based in Chicago, and said, “The winning projects displayed an acute understanding of evolving trends in the way people live and work in the Asia Pacific region.” 

Officially opened in August 2018, Bendigo Hospital forms part of our real assets portfolio and has achieved a great trifecta - a superb health facility for patients, a world-class working environment for our members employed there, and a  compelling investment proposition delivering an excellent risk-adjusted return for our members.

Investment date: June 2016

Returns to members: Returns will come from secure and stable contracted government cash flows.

Where this investment fits in our portfolio: All pre-mixed options; Alternatives (Infrastructure and real assets sector).

Sunshine Coast University Hospital

After its opening in 2017, the Sunshine Coast University Hospital has revolutionised healthcare on the Sunshine Coast. Highly-trained and specialised staff can now care for patients with complex or life-threatening conditions, closer to where the patients live. It is estimated that about 10,000 patients will no longer have to travel to Brisbane for complex treatments each year. It is an exemplary, world-class health and educational facility that puts patient experience and wellbeing at its forefront.

Investment date: June 2016

Returns to members: Returns will come from secure and stable contracted government cash flows.

Where this investment fits in our portfolio: All pre-mixed options; Alternatives (Infrastructure and real assets sector).

Land Registry Services (NSW LRS and VLRS)

First State Super owns concessions that provide the exclusive right to operate the NSW Land Registry Services (NSW LRS) and Victorian Land Registry Services
(VLRS)
for 35 years and 40 years respectively.

NSW LRS and VLRS provide land and property titling services for property owners, financial institutions, conveyancers and government agencies. They are a critical piece of infrastructure as they underpin confidence in the integrity and accuracy of property titles, an important component of a well-functioning property and market economy.

Investment date: NSW LRS – June 2017, VLRS – September 2018

Returns to members: The investments provide long-term stable returns linked strongly to population growth, household formation and inflation.

Where these investment fits in our portfolio: Infrastructure and real assets allocation (part of the pre-mixed options).

In total, the registration divisions of NSW LRS and VLRS register more than 1.7 million revenue-generating dealings each year.

Australian agriculture - Select Harvests

We are proud to have taken a leading role in Australian agricultural investments. In partnership with Select Harvests, we have invested in 5 orchards, located in Victoria, South Australia and New South Wales. The farms cover a total area of 2,500 hectares.

Investment date: June 2016

Returns to members: The farms are leased back to Select Harvests, providing attractive and consistent returns.

Where this investment fits in our portfolio: All pre-mixed options; Alternatives (Infrastructure and real assets sector).

Forth Ports

The Port of Tilbury (London) is the largest of eight ports owned by Forth Ports Group. With most of its electricity generated from four wind turbines, it is the UK’s greenest port and a well-established business with a strong track record and market position. This investment adds to our core infrastructure allocation and global diversification.

Investment date: October 2018

Where this investment fits in our portfolio: Infrastructure and real assets allocation (part of the pre-mixed options).

Returns to members: Returns will come from the revenue associated with export, import and property activities at the various ports.

Forth Ports Group is the third-largest operator in the UK and handles 16 million tonnes of cargo each year.

The investments included are accurate as at 1 September 2018.

All investments carry risk, and First State Super does not guarantee the payment of income or performance of the investments referenced above.