Date Time
Share
Allens advises Morrison & Co and Future Fund consortium on $2.8 billion investment in Telstra’s InfraCo Towers
Allens is pleased to be advising Morrison & Co and the consortium led by the Future Fund Board of Guardians and including Commonwealth Superannuation Corporation and Sunsuper Superannuation Fund on the acquisition of a 49% interest in Telstra Corporation’s telecommunications network tower business (InfraCo Towers). InfraCo Towers owns and operates approximately 8,200 tower assets, including over 5,500 mobile towers throughout Australia.
Co-lead partner and Funds sector leader, Emin Altiparmak said: ‘The transaction underscores the strong interest of long-term investors in digital infrastructure assets. InfraCo Towers represents a first-class investment opportunity as the supporting infrastructure for Australia’s mobile telecommunications network. Through the pandemic, digital infrastructure assets have only increased in attractiveness for long-te
The Morrison Government is pleased to announce the appointment of Mrs Patricia Cross and the reappointment of Mr Michael Wachtel to the Future Fund Board.
How Labor plans to fix the housing affordability crisis
By Fergus Halliday
14 May 2021
|
1 minute read
SHARE
Opposition Leader Anthony Albanese has proposed the creation of a new $10 billion Housing Australia Future Fund to tackle the housing affordability and homelessness crises.
“I’m proud to say that Labor in government will create a $10 billion Housing Australia Future Fund, with the annual investment return to build social and affordable housing and create thousands of jobs,” Mr Albanese said.
Announced as part of the opposition’s formal budget reply speech, the proposed Housing Australia Future Fund would see a Labor government build 20,000 social housing properties over the first five years.
A portion of the funds would go to community housing providers over 25 years to bridge the gap between rental revenue and operating costs, and another portion to fund acute housing needs.
During the first five years of the fund, it is estimated that $200m would go to the repair and maintenance of housing in remote Indigenous communities, $100m for crisis housing and $30m for housing for veterans experiencing homelessness.
In total, $1.6bn will be allocated to women, $1.7bn for long-term housing and $100m for crisis housing, with the spending expected to create an extra 21,500 jobs each year.
Albanese also used the speech to detail a new $100m energy apprenticeship plan, which would encourage apprentices to get training in the energy jobs of the future with incentive payments of up to $10,000. A separate $10m new energy skills program would also be set up to ensure state and territory Tafe systems had programs in place to tailor skills training for the specific needs of new energy