Media Release – USS successfully completes acquisition of Brisbane Airtrain
Sydney, 27 March 2013 – CP2 Limited congratulates Universities Superannuation Scheme (USS) on its
A$110m acquisition of Brisbane Airtrain by way of a court approved scheme of arrangement. The
transaction was completed on 26 March 2013.
CP2 worked closely with USS Investment Management Limited (USSIM) on all aspects of the
transaction, including its origination, negotiation and structuring. Further details of the transaction
are included in the attached media release issued by USS.
CP2 looks forward to its ongoing role alongside the team at USSIM in the management of this investment.
Nancy Zhu, CP2’s Head of Investment Analysis, commented: “Brisbane Airtrain is a key component of South East Queensland’s transport infrastructure, providing a cost effective, reliable and environmentally friendly means of travel to the Airport. The line is fully integrated with the broader Queensland Rail network giving commuters accessibility from throughout Brisbane and the Gold Coast. USS is well placed to assume ownership of this asset, and CP2’s focus will lie in continuing the good work of management to date and growing market share into the future.”
CP2 has co-invested alongside USS with a 1 per cent shareholding.
For more information, please contact:
Kirkwoods Corporate Relations
+61 2 9231 5600
+61 411 251 324
Airtrain Holdings Limited is an unlisted public company that owns the concession until 2036 for the
Brisbane Airport Rail Link which consists of an 8.5km elevated railway and two stations at Brisbane
Airport’s international and domestic terminals.
USS was established in 1974 as the principal final salary pension scheme for universities and higher education institutions in the UK. It is the 2nd largest UK pension scheme with assets of £36bn as at 31 December 2012.
USSIM is a wholly owned subsidiary of USS and has been appointed as USS’s principal investment manager and advisor. It currently employs 76 investment professionals and has approximately £36 billion of assets under management and advice as of the 31st December 2012.
USSIM has a dedicated Infrastructure team that currently manages approximately £1 billion in infrastructure assets on behalf of USS with a mandate to invest up to 7% of USS’s assets in infrastructure over the medium term.
CP2 is a specialist infrastructure investment manager with offices in Sydney and London. It has over A$2.6 billion of funds under management in core infrastructure assets that provide secure, stable, inflation protected cash flows over the long term.