The Caisse Invests in Australian AgriBioscience Centre
The Caisse de dépôt et placement du Québec will invest AU$32 million in Melbourne’s Centre for AgriBioscience under an agreement with Plenary Group. Plenary Group is an investor, developer and operator of public infrastructure. The Centre for AgriBioscience is a joint venture between the Victorian State Government and La Trobe University. The center will include research laboratories, greenhouses and offices that will be used by more than 400 researchers.
“This investment in a social-infrastructure project enables us to increase our presence in Australia, a market presenting great business opportunities,” said Macky Tall, Senior Vice-President, Infrastructure, at the Caisse de dépôt et placement du Québec. “Because these projects are carried out under 15-, 20- or even 30-year agreements, they enable us to generate stable, predictable returns for our depositors over the long term.”
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