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

Visit the Sydney Metro Northwest website

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