Please note our new office address: Level 25, Angel Place, 123 Pitt Street, Sydney NSW 2000X
Sydney Metro Northwest
REALISED ASSETS
ASSET DESCRIPTION
Sydney Metro Northwest opened to the public in May 2019 and comprises 13 railway stations between Tallawong and Chatswood and 4,000 new commuter car parking spaces
Represents the first stage of Sydney Metro, Australia’s largest public transport project and first fully automated metro railway
Concession comprises 5 years of construction and 15 years of operation
INVESTMENT FUNDAMENTALS
CPI linked availability based payments from the State of NSW
Consortium with significant rail construction and O&M experience
$3.7bn operations contract
20% of the ordinary equity with board representation and 25% preferred equity
SOME HIGHLIGHTS ON OUR EXIT
Palisade-managed investors have been invested in Sydney Metro Northwest since Financial Close in September 2014
The selldown following commencement of operations is at an attractive return commensurate with the de-risking of the project following construction completion in early 2019